⚠️ CHINA FX REGULATOR: THE LIKELIHOOD OF FURTHER DELEVERAGING IN CHINA'S FOREIGN DEBT IN Q4 IS LOW, AND FOREIGN DEBT LEVELS ARE EXPECTED TO REMAIN STABLE
⚠️ CHINA FOREX REGULATOR: TO PRESERVE FOREX ASSET SAFETY, LIQUIDITY AND VALUATION - STATEMENT
CHINA FOREX REGULATOR: TO ALSO STEADILY PUSH FORWARD CROSS BORDER YUAN USAGE AND TO ENHANCE CURRENCY MARKET RESILIENCE - STATEMENT
China's government is implementing a series of policy changes aimed at boosting the private sector and enhancing consumption. The China International Capital Corporation (CICC) has emphasized financial measures, including stocks and real estate, to improve private sector sentiment. The Ministry of Commerce (MOFCOM) plans to enhance policy precision and impact, focusing on cultivating new consumption sectors and ensuring steady growth in foreign trade. Additionally, the Vice Finance Minister has expressed hope that PwC will continue to play an active role in China's reform and high-quality development. The State Administration of Foreign Exchange (SAFE) has announced measures to fend off cross-border capital flow risks, maintain foreign debt stability in Q4, and ensure the current account surplus remains balanced in H2. SAFE also aims to enhance currency market resilience, preserve forex asset safety, and keep the yuan stable.
