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Reports indicate that Hong Kong investment bankers may face job cuts as employers seek to reduce highly compensated staff amid a slowdown in China deals. China's sovereign wealth fund, Central Huijin Investment, bought over 200 billion yuan worth of ETFs in Q1 2024 and injected $41 billion into the stock market to support it. Western financial firms are cutting costs due to diminishing business prospects in China, prompting Chinese Premier Li to emphasize the importance of capital market development.
⚠️ CHINA'S CENTRAL BANK HINTS IT MAY ADD TREASURY BOND TRADES TO POLICY TOOLKIT Full Story → https://t.co/25yBPVHQJM A senior Chinese central bank official suggested on Tuesday that the bank's buying and selling of treasury bonds in the secondary market could be used for… https://t.co/D8Kea0gR8b
CHINA CENTRAL BANK OFFICIAL SAYS THE BANK'S BUYING AND SELLING OF TREASURY BONDS IN SECONDARY MARKET CAN BE USED AS A FORM OF LIQUIDITY MANAGEMENT AND A RESERVE OF MONETARY POLICY INSTRUMENTS
Western Financial Firms Slash Operations In China As Concerns About Country’s Lagging Economy Grow https://t.co/APl7H5Mwgt