Shanghai Stock Exchange releases development plan for 2021-2025

The SSE’s plans for the coming years are, not surprisingly, aligned with the development central policymakers want to see in China’s capital markets. Beijing’s overarching goal is to drive more of Chinese citizens’ savings into stocks and bonds and away from simple bank deposits and real estate…
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PBoC to expand industries covered in banks’ climate risk stress tests

The climate risk stress test aims to get banks accustomed to integrating climate considerations into all their operations, including lending. It is not intended to limit banks’ exposure to these sectors – at least not for now – especially when regulators want banks to ramp up lending to drive China’s economic recovery…
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