Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

CHINA
CHINA: China Banking Regulatory Commission (CBRC) on Wednesday listed several
policy initiatives that it can take to support greater foreign involvement in
China's banking and financial sector. The Commission will implement the State
Council's directive to reduce the restriction on the percentage of shares a
foreign investor or institution can hold in a non-private Chinese bank or
financial asset management company, according to a statement on the CBRC
website. The CBRC will increase the types of business allowed for a foreign bank
in China. It will also allow foreign banks' to expand their businesses in China,
remove the waiting period requirement for foreign banks to do yuan-related
businesses, support them starting domestic treasury bond businesses, reduce
deposit requirements for foreign banks doing yuan retail transactions and
support foreign banks operating in the Chinese financial market. CBRC also said
current regulations will be optimized, such as adjusting requirements for
operating capital and regulatory examination methods for foreign banks.