The China-US trade war is affecting capital markets but the impact is controllable, said Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), reported Reuters. Yi said that China’s capital markets are becoming more resilient and able to cope with risks, and that China has enough policy tools in place to stabilize its capital markets. […]
Category: Banking & Finance
The People’s Bank of China (PBoC), China’s central bank, set up a company to manage a RMB 100 billion ($14.5 billion) fund to protect depositors’ savings at financial institutions the day regulators took a rare move to seize Inner Mongolia-based Baoshang Bank, said Caixin. Business registration information showed that the Deposit Insurance Fund Management Co. Ltd. […]
The US Treasury declined to label China a currency manipulator on Tuesday but has kept it on its economic watchlist, reported the Financial Times. The Treasury’s decision not to label China as a currency manipulator will avoid a further worsening of tensions between China and the United States following the US’ decision to boost tariffs […]
China increased its subsidies for domestically listed companies in 2018 to a record amount of RMB 153.8 billion ($22.3 billion) rising 14% year-on-year, to help companies manage the slowdown of the world’s second-largest economy, a move likely to further strain trade talks with Washington, according to financial database Wind, reported the Financial Times. “This data […]
China and Japan have approved 6 exchange-traded funds (ETFs), making it easier for investors to put money into each other’s stock markets, said Caixin. The China Securities Regulatory Commission has approved four cross-border ETFs that will invest in Japanese ETFs to track Japan’s stock indexes, according to a statement released by the commission. It has […]