INDIA: India update Swaps Pricing Vs. Pre-RBI April Meeting Levels
* India bonds saw a strong rally at the start of the week as the RBI announced their intentions fo...
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MNI: CHINA MAR CAIXIN MANUFACTURING PMI 51.2 VS 50.8 IN FEB
- CHINA MAR CAIXIN MANUFACTURING PMI 51.2 VS 50.8 IN FEB
CHINA PRESS: CSRC To Facilitate Overseas Listing
The China Securities Regulatory Commission will make the regulatory environment for companies going public overseas more transparent, efficient and predictable, Shanghai Securities News reported, citing a CSRC statement. The CSRC will optimise processes and further strengthen coordination and information sharing among departments, while also supporting Hong Kong to consolidate its international financial centre status, the statement said.
CHINA PRESS: Bank Capital-Replenishing Treasury To Leverage CNY4 Tln Credit
The Ministry of Finance’s planned CNY500 billion special treasury bond issuance to replenish the core tier-one capital of four major state-owned banks will leverage CNY4 trillion of additional credit, Securities Daily reported, citing analysts’ expectations. The move will likely generate an eight-fold multiplier effect and increase banks’ capacity to serve the real economy, said Ming Ming, chief economist at CITIC Securities. The included banks, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank of China, had a core tier-one capital adequacy ratio of 12.2%, 14.48%, 10.24% and 9.56% by end-2024.
