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CHINA: Country Wrap: China: Defender of Global Fairness – Fin Minister.

CHINA
  • China’s Foreign Minister Wang Yi presented the country as a force for stability, as Donald Trump shakes up the world economy with tariffs.  China “brought much needed stability to a changing and turbulent world,” he said at an annual press briefing in Beijing today, vowing to defend global fairness and world peace.  (source: BBG)
  • China's securities regulator will take deepening the comprehensive reform of capital market investment and financing and accelerating the new round of reform and opening-up as the driving force to attract medium and long-term funds to enter the Chinese stock market, laying a solid foundation for its healthy development. (source: Yicai)
  • China’s equity markets have had a strong week given clarity on growth targets and the Hang Seng is up +0.75% today, CSI 300 flat, Shanghai Comp +0.07%, and Shenzhen flat.
  • CNY: Yuan Reference Rate at 7.1705 Per USD; Estimate 7.2413
  • Bonds: China bonds are selling off following the increase in issuance allowed by regional governments.  CGB10YR 1.83% (+4bps)
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  • China’s Foreign Minister Wang Yi presented the country as a force for stability, as Donald Trump shakes up the world economy with tariffs.  China “brought much needed stability to a changing and turbulent world,” he said at an annual press briefing in Beijing today, vowing to defend global fairness and world peace.  (source: BBG)
  • China's securities regulator will take deepening the comprehensive reform of capital market investment and financing and accelerating the new round of reform and opening-up as the driving force to attract medium and long-term funds to enter the Chinese stock market, laying a solid foundation for its healthy development. (source: Yicai)
  • China’s equity markets have had a strong week given clarity on growth targets and the Hang Seng is up +0.75% today, CSI 300 flat, Shanghai Comp +0.07%, and Shenzhen flat.
  • CNY: Yuan Reference Rate at 7.1705 Per USD; Estimate 7.2413
  • Bonds: China bonds are selling off following the increase in issuance allowed by regional governments.  CGB10YR 1.83% (+4bps)