CHINA PRESS: Authorities To Support SME Listings
May-22 01:52
The government will support SME firms in raising equity financing, accessing venture capital and enhancing regional stock exchanges for small business fundraising, according to a policy document released by eight government departments, including the National Financial Regulatory Administration. SMEs are encouraged to first list on the National Equities Exchange and Quotations board before transitioning to the Beijing Stock Exchange once they achieve growth. Authorities aim to increase social capital investment with innovative small businesses, the document said. (Source: Yicai)
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MNI: CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
Apr-22 01:22
- CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Higher, Error Term Steady
Apr-22 01:21
The USD/CNY fix was 7.2074, against a BBG market consensus of 7.2892.
- Today's fixing was slightly higher than Monday's outcome (7.2055), despite the market consensus for today being slightly below Monday's estimate (7.2926).
- The fixing error was little changed at -818pips.
- USD/CNH is back to around 7.3050 in latest dealings around 0.15% weaker in CNH terms for the session so far. The pair continues to see support around the 50-day EMA or levels just under this support point. Broader USD sentiment is somewhat firmer in early Tuesday dealings.
CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
Apr-22 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
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