Tag: Financial reform

China To Kick Off RMB To Euro Direct Trading

China To Kick Off RMB To Euro Direct Trading

September 29, 2014

The People’s Bank of China (PBoC) announced it will start RMB to Euro direct trading on China Foreign Exchange Trade System (CFETS) tomorrow on September 30. The direct conversion aims to promote bilateral trade and investment, as well as to reduce forex-related costs. Since the Euro is one of the G3 currencies and is the […]

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The Shanghai-HK Stock Connect Program In One Infographic

The Shanghai-HK Stock Connect Program In One Infographic

By Wiki Su | August 14, 2014

The Shanghai-Hong Kong Stock Connect pilot program, announced in April, marks an important step in China's financial market reform. It also provides Chinese and overseas investors opportunities for investment and trading.

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China's Onshore And Offshore RMB Market To Converge

China's Onshore And Offshore RMB Market To Converge

July 28, 2014

As China deepens financial reforms to allow the RMB exchange rate to be more flexible and provide growing liquidity, the pricing of onshore and offshore RMB markets will converge over the medium to long term, according to a research report by Deutsche Bank AG.

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Europe To Become Second Largest Offshore RMB Market

Europe To Become Second Largest Offshore RMB Market

By Staff Writer | June 30, 2014

The appointments of RMB clearing banks in London and Frankfurt by the People's Bank of China last week is another major policy milestone in the Chinese currency's internationalization process. There is substantial growth potential for offshore RMB business in Europe, says a report by Deutsche Bank.

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Shanghai Liberalizes Interest Rates On Foreign Currency Deposits

Shanghai Liberalizes Interest Rates On Foreign Currency Deposits

June 26, 2014

The author is ANZ greater China chief economist Liu Li-Gang China expands a pilot program on foreign currency deposit rate from Shanghai's Free Trade Zone (FTZ) to the whole Shanghai city, effective from June 27.

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No Sustained Depreciation For China's RMB

No Sustained Depreciation For China's RMB

June 13, 2014

China's better economic data and international diplomacy are behind the Chinese central bank's move to lower its currency's exchange rate fixings, says BofA Merrill Lynch Global Research in a report.

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Shanghai Launches Free-Trade Accounting Unit System

Shanghai Launches Free-Trade Accounting Unit System

May 23, 2014

The author is ANZ greater China chief economist Liu Li-Gang The People's Bank of China's Shanghai head office released the detailed rules on the Free-Trade Accounting Unit (FTU) in the Shanghai Free Trade Zone (FTZ) today, which is seen as an important step to kick off the key financial reforms in the zone.

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China To Allow Local Governments To Sell Municipal Bonds

By Staff Writer | May 23, 2014

The Chinese government is to launch a pilot program that will allow ten provinces and cities to issue municipal bonds this year, according to an announcement by the Ministry of Finance.

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Shanghai Hong Kong Stock Link Program Will Lower Valuation Gap

Shanghai Hong Kong Stock Link Program Will Lower Valuation Gap

April 14, 2014

The author is China International Capital Corporation (CICC) analyst Wang Hanfeng The H-share market rallied 1.9% last week on the back of financial reforms, such as the forthcoming trial of preferred shares and the Shanghai-Hong Kong Stock Connect scheme.

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China To Launch Shanghai-Hong Kong Stock Connect Program

China To Launch Shanghai-Hong Kong Stock Connect Program

By Staff Writer | April 10, 2014

China is planning to launch a Shanghai-Hong Kong cross-border trading pilot program in about six months, according to an announcement released on the website of the China Securities Regulatory Commission.

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PBoC's Financial Package In The Shanghai Free Trade Zone Deciphered

PBoC's Financial Package In The Shanghai Free Trade Zone Deciphered

December 3, 2013

The author is ANZ Greater China chief economist Li-Gang Liu The People's Bank of China (PBoC) released the opinions of the financial package to support the developments of the Shanghai Free Trade Zone (FTZ) this morning.

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China's Reformers Face The Hard Slog Of Implementation

China's Reformers Face The Hard Slog Of Implementation

November 22, 2013

The author is head of Greater China research at Standard Chartered, Stephen Green The Chinese Communist Party's (CCP) Third Plenum delivered. It laid out the biggest package of market economic reforms since the early 1990s – and delivered a clear sense that the leadership is fully committed to implementation.

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Proper Sequencing Of Financial Reforms Is Key

September 2, 2013

The author is UBS global economics research team Since the global financial crisis, China has actively promoted greater use of the RMB in international trade and investment. With RMB internationalization as an informal long term policy objective, China has moved to develop the offshore RMB market and relaxed controls on interest rates, non-bank financing and […]

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China To Relaunch Government Bond Futures After 18 Years

By Staff Writer | July 6, 2013

China Securities Regulatory Commission posted on its website on July 5 that it has agreed for China Financial Futures Exchange to relaunch government bond futures. Trading will begin in two months if all preparation work goes smoothly. The relaunch comes 18 years after the Chinese securities regulator shut down the government bond futures market in […]

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News Review: Financial Reform Experiment In Wenzhou, China IPO Market Remains Tough

News Review: Financial Reform Experiment In Wenzhou, China IPO Market Remains Tough

By Staff Writer | March 30, 2012

In this episode of China Money Podcast, our host Nina Xiang reviews this week's investment news: – China initiated a financial reform in Wenzhou, legalizing private or underground lending and possibly allowing direct overseas investments by local residents – IPO market remains the toughest in years for China's A-share market

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