EUR/USD
1.16382
0.045%
Gold
4406.38
0.110%
Oil
93.639
-0.608%
USD/JPY
153.424
-0.081%
GBP/USD
1.35522
0.046%
GBP/JPY
207.928
-0.017%
Real-time News
On September 10th, at a press conference held by the State Council Information Office, Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will further expand high-level opening-up. The CSRC will adhere to promoting reform and development through opening-up, continuously improve the facilitation of cross-border investment and financing, optimize the systems and mechanisms for qualified foreign investors and interconnectivity, and support enterprises in making good use of both domestic and international markets and resources. The CSRC will actively participate in global financial governance and strengthen its regulatory capacity under open conditions.On September 10th, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange (SAFE), stated that during the 15th Five-Year Plan period, SAFE will comprehensively and deeply promote foreign exchange management reform and continuously build a more convenient, open, secure, and intelligent foreign exchange management system. Among these, greater convenience primarily means enabling compliant and trustworthy business entities to conduct foreign exchange business more efficiently and conveniently. SAFE will vigorously promote reforms in banks foreign exchange business operations and continuously improve the foreign exchange facilitation policy system of "the more trustworthy, the more convenient" and "compliance first."On September 10, Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC), said at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that the CSRC will implement more inclusive systems for IPOs, mergers and acquisitions, and other related matters, and strive to make the A-share market the preferred listing destination for high-quality domestic companies.On September 10th, at a press conference held by the State Council Information Office, Lu Lei, Vice Governor of the Peoples Bank of China (PBOC), stated that monetary and financial stability remain the central objectives of the PBOCs work, requiring an efficient and stable framework—a dual-pillar framework consisting of a monetary policy system and a macro-prudential management system. This includes building a scientific and sound monetary policy system and a comprehensive macro-prudential management system. It also involves effective counter-cyclical and cross-cyclical adjustments to ensure that the growth of social financing and money supply matches the expected targets for economic growth and the general price level. Furthermore, it requires improving the market-based interest rate formation, regulation, and transmission mechanisms. The PBOC will leverage the decisive role of the market in exchange rate formation, enhance the flexibility of the RMB exchange rate, and maintain its basic stability at a reasonable and balanced level. Finally, it will enhance the level of monetary policy communication and expectation management. The PBOC will expand its macro-prudential and financial stability functions, broaden the coverage of macro-prudential management, enrich macro-prudential management tools, strengthen the macro-prudential monitoring and evaluation mechanism, enhance the construction of a financial stability guarantee system, and effectively resolve financial risks in key areas.On September 10th, in response to claims by French officials that the French "Anti-Fast Fashion Law" is not discriminatory or targeted, and its main purpose is to protect the environment and consumers, a spokesperson for the Ministry of Commerce responded at a regular press conference today (September 10th). The spokesperson urged France to face up to Chinas position and immediately cease using the "Anti-Fast Fashion Law" to infringe upon the legitimate rights and interests of Chinese-funded enterprises. Ministry of Commerce spokesperson Huang Ling stated that China believes the "Anti-Fast Fashion Law" and its implementing regulations, under the guise of environmental protection and sustainability, actually discriminate against and suppress Chinese-funded cross-border e-commerce enterprises by setting clearly targeted standards and parameters, which will seriously distort fair competition. The spokesperson added that Frances actual practices have gone beyond the scope of environmental protection and bear a clear color of trade protectionism, to which China has repeatedly expressed its serious concerns on multiple occasions.
