China 

Beijing plays down Commerce Minister Zhong Shan’s inclusion in latest US-China trade war talks

The participation of China’s Commerce Minister in the latest trade discussion with the United States was “normal”, China’s Ministry of Commerce said on Thursday, playing down the eye-catching change in Beijing’s negotiating team.Zhong, 64, joined Vice-Premier Liu He’s phone conversation with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on Tuesday – the first phone call between top negotiators since President Xi Jinping and US counterpart Donald Trump agreed… Source link

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Inclusion of Chinese bonds in Bloomberg Barclays index to spur trading via HKEX connect scheme

Turnover in Chinese bonds traded through the Hong Kong Exchanges and Clearing’s bond connect scheme is set to rise further after yuan-denominated bonds were included in a widely tracked global bond index.The inclusion of Chinese government bonds and bank securities in the Bloomberg Barclays Global Aggregate Bond Index was announced on February 1, but it came into effect on April 1.On Monday, turnover of Chinese bonds traded through the bond connect scheme rose to 7.8 billion yuan (US$1.16… Source link

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China 

Can China’s bond inclusion on the Bloomberg Barclays Global Aggregate Index save its slowing economy?

The inclusion of yuan-denominated bonds for the first time on one of the most followed global benchmark indices on Monday comes at a critical juncture of China’s economy.Chinese government and policy bank bonds are being added to the Bloomberg Barclays Global Aggregate Index over a 20-month period, a move that analysts predict will draw around US$150 billion of investment into China.China sorely needs to finance its slowing economy especially since its current account, an important indicator of… Source link

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The inclusion of China’s yuan bonds in global bond index is the start of a game-changing shift in global investment patterns

In 1980, sponsors of China’s Yizheng Chemical Fibers desperately needed capital to build a large-scale chemical fibre plant. State-owned financial institutions were unable to help. Having nowhere else to turn onshore, Yizheng issued a US$50 million bond overseas to raise funds, becoming the first Chinese enterprise in the modern era to tap the international bond market. Nearly 40 years on, Chinese issuers don’t have to venture overseas to attract foreign capital; investors are coming to China… Source link

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Index compiler MSCI’s inclusion of Chinese large caps boosts international investors’ net buying of A shares to record US$45b in 2018

International investors’ net buying of A shares via the Hong Kong northbound stock connect schemes last year rose 50 per cent to a record US$44.7 billion after mainland listed companies were included in the MSCI indices, according to a BNP Paribas report on Thursday. The northbound trading via the Shanghai and Shenzhen stock links also accounted for between 5 to 10 per cent of the daily A-share turnover in 2018, compared to just one per cent at the beginning of 2017. The US-based equity index compiler MSCI last June included…

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Vietnam 

Microfinance crucial for financial inclusion: SBV – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Microfinance activities have been acting as a crucial pillar towards achieving the nation’s goal of financial inclusion. – Photo chinhphu.vn Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) will continue fine-tuning policies on microfinance to achieve the nation’s financial inclusion target, SBV Deputy Governor Đào Minh Tú said at a forum on microfinance held in Hà Nội on Wednesday. According to Tú, the world currently faces three major challenges, namely poverty, inequality and migration. Financial services (including savings, insurance, money transfer, payment and…

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