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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Press Digest, May 22: Foreign Capital, Private Bank
BEIJING (MNI) - The following lists highlights from Chinese press reports
on Friday:
There have been no large-scale foreign capital withdrawals in China despite
the impact of the coronavirus epidemic on foreign companies, official government
newsagency Xinhua reported. Citing Zhang Yesui, the spokesman of the National
People's Congress, Xinhua's report said China's advantages in attracting foreign
capital have not changed and foreign investors remain confident in the long-term
development of their business interests in China. The pandemic will have a
complex impact on global supply chains but it will not reverse the historical
process of globalization, Zhang said.
China should consider allowing some mature private banks to issue perpetual
bonds and encourage private banks to issue capital supplementary bonds, the
Shanghai Securities News reported. Citing Guo Xinming, the governor of the PBOC
Nanjing Branch and a representative to the National People's Congress (NPC), the
report also said some of the better private banks should be allowed to publicly
list on the share market and adopt equity incentive mechanisms and employee
stock ownership plans.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.