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DeepNewz, mobile.
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China's central bank is set to maintain its key policy rate unchanged, while also planning to drain some liquidity. The country is strengthening capital market supervision, suggesting strict control over access to listings. Additionally, China's cabinet aims to tighten stock listing criteria and improve corporate governance in new guidelines.
China announced the MoF controlled Huijin was upping its shareholding of the major SOE banks. Granted the increase was small in relative or about 0.1% of outstanding shares but not insignificant in financial terms and sends a clear message about "market" finance in China…
China’s central government continued to increase its holdings in the country’s top four state-owned banks through its sovereign wealth fund as it continued to bolster the nation’s ailing stock market. https://t.co/qjRvTcxqhj
#China's central bank could take bond purchasing into its policy toolkit in the future, #PBOC supported media cites an expert. "But the financial condition will remain reasonable and appropriate, which is radically different from the West." https://t.co/1hwRdvAmLq
