EUR/USD
1.15654
-0.194%
Gold
4690.16
0.891%
Oil
95.185
1.001%
USD/JPY
158.617
0.566%
GBP/USD
1.34046
-0.191%
GBP/JPY
212.624
0.425%
Real-time News
On March 20th, the Ministry of Commerce released policy measures to promote the export of travel services and expand inbound consumption. These measures include optimizing statistics on inbound tourism development, promoting data sharing between regions, and strengthening data monitoring and feedback. The measures also emphasize utilizing service consumption and elderly care re-lending policies to guide financial institutions to increase support for inbound consumption-related sectors. Financing guarantees and interest subsidies will be provided to eligible small and micro-sized enterprises engaged in inbound consumption services. Local governments are encouraged to increase investment attraction efforts for performances, sports events, and exhibitions, and to provide essential support for inbound consumption infrastructure such as duty-free shops. Finally, the measures aim to improve the convenience of digital services for inbound travelers.On March 20th, the Ministry of Commerce released policy measures to promote the export of travel services and expand inbound consumption. Among these measures, it was mentioned that visa policies will be further improved. The scope of countries eligible for unilateral visa-free entry will be expanded in an orderly manner, and the transit visa-free policy will be continuously optimized. The introduction of e-visas will be studied, and online applications will be piloted to shorten processing times. Online completion of the Foreigners Entry Card will be implemented. The approval process for foreigners participating in exhibitions, sporting events, and other activities in China will be simplified, and the requirement for a letter of commitment from the inviting party will be waived.Italian Energy Minister: Agrees with the EUs view that Russian natural gas should not return to Europe.On March 20, the China Securities Regulatory Commission (CSRC) and four other departments publicly solicited opinions on the draft of the "Financial Law of the Peoples Republic of China." The opinions propose that the state strengthen the monitoring of financial market risks, establish and improve a rapid response mechanism for financial market risks, and prudently address major risks such as abnormal market fluctuations, market panic, and liquidity shortages. The State Councils financial regulatory departments and other relevant departments should strengthen expectation management and policy coordination, conduct impact assessments of major financial policies, coordinate the release of major information, and legally handle false or misleading information.On March 20, the China Securities Regulatory Commission (CSRC) and four other departments publicly solicited opinions on the draft of the "Financial Law of the Peoples Republic of China." The opinions propose that the Peoples Bank of China (PBOC) take the lead in establishing a macro-prudential policy framework, formulate macro-prudential policies in conjunction with relevant departments of the State Council, monitor and assess the overall soundness of the financial system, conduct macro-prudential management, and prevent and address systemic financial risks. The PBOC, together with relevant departments of the State Council, will implement macro-control and management of the financial market, monitor its operation, and may take counter-cyclical and cross-cyclical adjustment measures as appropriate to promote the sound development of the financial market.
