Beijing launches China-Japan stock connect scheme, showcases it as a move to defy rising protectionism

China on Tuesday accelerated the liberalisation of its capital markets, launching yet another stock connect scheme linking Shanghai and Tokyo stock exchanges and in the process took a swipe at the US for its trade protectionism.Under the China-Japan ETF Connectivity scheme, investors will be allowed to buy into exchange-traded funds to participate in the trading of stocks listed in their respective markets.“It is of great significance for China and Japan, the world’s second- and third-largest… Source link

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Next stop Myanmar in China-Japan rivalry as frontier market opens doors to yuan and yen payments

Myanmar has officially permitted the use of the Chinese and Japanese currencies in cross-border payments, as the Asian giants vie for dominance in one of the region’s last frontier markets. The directive means that the yuan and yen join the euro, the greenback and the Singaporean dollar as designated currencies for settling international trade in Myanmar, where the central bank is desperate for foreign investment after years of economic sanctions and financial mismanagement. China, which shares a 2,200km (1,360-mile) border with Myanmar, has been keen to draw its southern neighbour…

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