Beijing to further open up services sector

Beijing’s plan is not officially a pilot free trade zone (FTZ) but the design is similar and it has the same aim. FTZs offer preferential policies to attract domestic and overseas investment in certain favored sectors and allow …
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PBoC reiterates ‘normal’ monetary policy stance

China’s financial sector officials are making the same point at every opportunity – don’t expect a monetary policy stimulus of the kind that other major central banks have taken to support their economies. At the same time, they are keen to emphasize that …
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PBoC eases interest rate burden for distressed banks

The cut to the financial stability relending facility came as the PBoC also reduced relending and rediscount lending rates. However, the 50 basis-point cut was double the size of the reduction in rates on the other facilities, which suggests…
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