Tag: Financial reform
China's recent moves to expand its Free Trade Zone (FTZ) scheme will spearhead interest rate and capital account liberalization, as well as full convertibility of the RMB, according to a research report by ANZ. China’s State Council formally announced to launch three more Free Trade Zones (FTZs) in Tianjin, Fujian, and Guangdong province, as well […]
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 […]
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.
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.
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.
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.
The newly announced Shanghai-Hong Kong Stock Connect program is likely to progress fairly rapidly, which will benefit certain sectors in China's A-shares market that are not available to overseas investors, such as defense, some strategic industries and service sectors, according to a new report by BofA Merrill Lynch Global Research.
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.
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.
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.
On April 10, China says it has approved, in principle, the development of a pilot program called the Shanghai-Hong Kong Stock Connect, for establishing mutual stock market access between mainland China and Hong Kong.
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.
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.
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 […]
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 […]
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