PBoC’s trade finance platform pilots blockchain technology
Trivium
This blockchain project has strong political backing, and the outcome will be a major factor in the government’s plans for blockchain applications. Foreign financial institutions should …
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PBoC ups liquidity support in January
The RRR cut does not represent a significant increase in the scale or pace of policy easing, and we don’t expect it to arrest the slowdown in credit growth or do much to boost the economy. Rather, this move is a continuation of …
MoF annual work meeting outlines priorities for 2020
The meeting gave a clear signal that tax and fee reductions are set to continue in 2020 – in line with broader economic policy goals to maintain pro-active fiscal policy to support the economy, while urging officials and departments to …
New RRR cuts for rural commercial banks
As we said in previous monitors, the RRR cut does not represent a marked increase in the scale or pace of policy easing. Rather, it is in line with previous moves to support…
PBoC, SAFE clarify bond swap rules
This move should work to increase the scope of activity that investors can take part in by simplifying their access to the bond market.
CCCDR focuses on improving key financial infrastructure
The fact that the CCCDR discussed these issues highlights that top policymakers are still highly focused on improving the financial system – and ensuring that it does a better job of financing real economic growth. Foreign financial institutions operating in China should …
Senior policy advisors warn of possible “financial war”
Chinese officials are actively considering various scenarios that may play out in a protracted US-China economic conflict. A financial war is certainly one of the scenarios under consideration, but it is …
Hong Kong protests persist
The protest has not hindered the integration of GBA and may even push it further.
Reforms aim to make Shenzhen into “model city”
Shenzhen will be given more autonomy in policy making as China tries to rely less on Hong Kong
Shanghai offers new incentives to foreign companies
Shanghai lowers assets threshold and removes requirements of paid-in capital as well as previous domestic investment to encourage foreign companies to headquarter in Shanghai