The first annual meeting of the Asian Infrastructure Investment Bank (AIIB) was held in Beijing on June 25-26. The operation of the AIIB since its establishment was introduced and multiple topics with future development included were discussed in the meeting. What has been done by the AIIB over the past half a year?
Reducing non-financial enterprises’ leverage rate is viewed as key point to prevent and resolve debt risk now.
More rich Chinese are expected to send their assets overseas for better investment returns as the economy continues to open up, according to a report.
According to the People’s Daily, as of 6:00 am, June 24 local time, votes of only 8 among the 328 electorates across Britain remained to be calculated. But the Leave camp won over half of the votes at 16,800,000, 1,200,000 votes more than the Remain camp. The Leave camp won the referendum, and Britain will leave the European Union.
After reviewing the deposit reserve deviation, the central bank, also known as the People’s Bank of China (PBOC), further “averages” the review method for reserve requirement ratio (RRR) to hedge the market fluctuation caused by timing factors.
Our attitude turns from being cautious to being optimistic since the mid-and-late May. Faced with adjustment in foreign market, decreasing central parity of RMB and plunge in domestic futures market, A-share market is relatively “persistent”.
The Chinese are coming! The subject has been hitting the headlines of world media over recent years. "Chinese are taking over the world," the Guardian exclaimed in 2011; In 2015, Forbes reported about "Hungry dragon" buying America; and in 2016, the Daily Telegraph warned that Chinese buyers were "targeting Australia."
China’s economy still faces downside pressure in the second half year. With the continuous introduction of proactive fiscal policies, the economy is likely to bottom out. Industry insiders indicated that the macroeconomic adjustment will transfer to “ease fiscal policy plus stable monetary policy”.
In the first half year, the number and transaction amount of overseas takeovers by Chinese enterprises climbed significantly and broke the record.
The People’s Bank of China (PBOC), or the central bank, conducted more than 100 billion yuan of reverse repurchase agreements (repo) at the open market yesterday, a process in which the central bank purchases securities from banks with an agreement to resell them in the future, so as to deal with the short-term fluctuation in capital supply at the end of the month.
The Shanghai Stock Exchange on May 30 recorded a trading volume of 115.6 billion yuan, the lowest in recent months, and continued to trade sideways. However, A shares face the test for the inclusion in the MSCI emerging market index for the third time in the middle of June, and probability exceeding 50 percent is expected.
Many developing nations hope China play a more important role in global governance, an Argentine economist has told Xinhua.
China has developed a multi-layer financial system with more diversity and sophistication, but new business models bring about rising risks, a senior central bank official warned Sunday.
China's active participation in the G20 will make the world better off economically and financially, a Mexican expert said Tuesday.
Over the past week, discussion on whether a Fed rates hike in June is possible or not continued to heat up. At the same time, the Brexit vote also kicks in the nerves of the market. Foreign exchange traders are on the alert to the two possible black swarm events likely to happen in June. To the concern of market, the RMB continues to lose its strength as the U.S. dollar rallies.
A sharp rebound in the strength of Chinese currency the yuan has mitigated worries of further depreciation and shored up the credibility of an exchange rate system that is becoming more market-based.
China's Shanghai Composite Index has struggled around 2,800 points for the past two weeks, and a look beneath the surface at companies' performance sheets reveals the by-product of an uneven landscape.
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