by Summary:
Still doesn't sound like the fiscal intervention they really need.PBoC guy talking more monetary policy, securities regulator talking reducing some red tape there, bank regulator pointing to fundamentals, high government official saying their market has become cheap.Weak sauce.. So far Xi Jinping’s government appears to be taking a middle road, voicing support for the market while stopping short of large-scale intervention. People’s Bank of China Governor Yi Gang said in a statement on the central bank’s website that it is studying measures to ease companies’ financing difficulties and will use policy tools to support banks’ credit expansion. Liu Shiyu, head of the China Securities Regulatory Commission, said his agency encouraged local government-backed funds to help ease
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Still doesn't sound like the fiscal intervention they really need.PBoC guy talking more monetary policy, securities regulator talking reducing some red tape there, bank regulator pointing to fundamentals, high government official saying their market has become cheap.Weak sauce.. So far Xi Jinping’s government appears to be taking a middle road, voicing support for the market while stopping short of large-scale intervention. People’s Bank of China Governor Yi Gang said in a statement on the central bank’s website that it is studying measures to ease companies’ financing difficulties and will use policy tools to support banks’ credit expansion. Liu Shiyu, head of the China Securities Regulatory Commission, said his agency encouraged local government-backed funds to help ease
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Still doesn't sound like the fiscal intervention they really need.
PBoC guy talking more monetary policy, securities regulator talking reducing some red tape there, bank regulator pointing to fundamentals, high government official saying their market has become cheap.
Weak sauce..
So far Xi Jinping’s government appears to be taking a middle road, voicing support for the market while stopping short of large-scale intervention.
People’s Bank of China Governor Yi Gang said in a statement on the central bank’s website that it is studying measures to ease companies’ financing difficulties and will use policy tools to support banks’ credit expansion.
Liu Shiyu, head of the China Securities Regulatory Commission, said his agency encouraged local government-backed funds to help ease pressures created by share-pledge risks.
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said in an interview posted on the regulator’s website that recent “abnormal fluctuations” in markets don’t reflect the country’s economic fundamentals and “stable financial system.”
Liu He, China’s vice premier, hammered home the message in an interview with the Xinhua News Agency. He urged officials to step up efforts to promote “healthy” stock-market development while noting that equity valuations had dropped to historically cheap levels.
China says it will steer its financial markets back to health https://t.co/R66C45jkvJ pic.twitter.com/aUtTz6PAko— Bloomberg Australia (@BloombergAU) October 19, 2018