March 07, 2025 05:43 GMT
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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