Free Trial
EUROZONE ISSUANCE

EGB Supply - W/C February 6, 2023

BTP TECHS

(H3) Corrective Pullback Extends

EUROZONE T-BILL ISSUANCE

W/C Feb 6, 2023

GILT TECHS

(H3) Key Support Remains Intact

LOOK AHEAD

Timeline of key events (Times GMT)

EURGBP TECHS

Pullback Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI China Press Digest October 17: A-shares, Growth, Banking

MNI (Singapore)
MNI (Singapore)

The following lists highlights from Chinese press reports on Monday:

  • The China Securities Regulatory Commission is working on a system to allow foreign investors to trade their positions within six months to facilitate investment in A shares, 21st Century Business Herald reported citing sources from regulatory departments. Currently, if a Chinese fund company which holds more than 5% of a company's stock through multiple fund offerings trades those shares within 6 months, it is not regarded as a short-term transaction, the newspaper said. Eligible foreign public funds are expected to enjoy the same arrangement when the new rules are announced, the newspaper said, adding that the proposed changes are in process.
  • China will focus on smoothing the domestic cycle of supply and demand to boost economic growth, wrote Zhang Wenkui, researcher at the Development Research Center of the State Council in a commentary published by Caixin after President Xi Jinping's speech at the 20th CPC National Congress on Sunday. Top policymakers have been urged to drive domestic demand by improving people’s livelihood, accelerating the development of service sectors, and increasing the size of the middle class since 2011, but growth still heavily relies on investment and exports with a lower contribution from consumption, wrote Zhang. Maintaining disposable income at a good level is key, Zhang added.
  • Six major state-owned banks issued statements late Sunday to show their support for the economy after President Xi Jinping’s speech at the 20th CPC National Congress, National Business Daily reported. Bank of China said it will focus on supporting technology, green development, inclusive finance, cross-border business, consumption, wealth management, supply chain and counties. Postal Savings Bank of China said it would boost credit supply in H2, continue to increase the loan-to-deposit ratio and the proportion of credit assets.
True

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.