SHANGHAI China will revamp its benchmark equity index by introducing more high-tech strength and removing loss-making companies, as it turns to its capital markets to bolster its economy against the impact of the coronavirus outbreak.
SHANGHAI China will maintain ample financial system liquidity in the second half of the year as the economy recovers from the coronavirus but will need to consider withdrawing that support at some point, its central bank governor warned on Thursday.
SHANGHAI China has finalised new rules for companies looking to list on Shenzhen's ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market.
SHANGHAI, May 14 Fitch on Thursday became the
second global ratings agency to receive approval to rate China's
domestic bond market, in what the country's central bank said
was part of its implementation of the Phase 1 trade deal with
the United States.
* U.S., China trade negotiators agree to cooperate on trade
SHANGHAI/NEW YORK, May 8 Asian shares rose on
Friday as investors focused on talks between U.S. and Chinese
trade officials and solid corporate earnings rather than the
looming release of data expected to show the worst U.S.
unemployment rate in more than 70 years.
SHANGHAI Companies listed on China's new Nasdaq-style STAR Market posted combined profit growth in the first quarter as Beijing looks to bolster its tech sector to aid an economy ravaged by the coronavirus outbreak.
SHANGHAI China's bondholders are increasingly worried that there is little to protect them from being railroaded into bad deals by troubled borrowers amid a wave of virus-related extensions and restructurings.
SHANGHAI China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. | Video