In face of the new coronavirus' shock to global financial markets, China aims to be a stabilizing force — beginning with its own markets.
unchanged in March from the prior month. The PBoC has made some targeted interest rate cuts, and announced hundreds of billions of yuan in special loans to support businesses hit hard by the virus.
More importantly for foreign investors, the average daily spread, or difference between, the U.S. and Chinese 10-year government bond yield, was 172 basis points between Feb. 20 and March 19, according to China's foreign exchange regulator. That makes Chinese assets quite attractive to foreign investors, and addresses one ofDomestic stability has limits
China's financial markets are large, but are still relatively closed to the rest of the world, in contrast to the country's deep ties with global supply chains and international trade. Foreign capital accounts for less than 4% of the tradeable A-share market capitalization, according to the China Securities Regulatory Commission.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China sees zero local coronavirus cases for third day – latest updatesNo new Covid-19 cases for a third straight day in Wuhan, here’s the latest: - South Korea reports 147 new cases - Confirmed cases in Mexico rise to more than 200 - New Zealand keeps schools open, urges limits on movement For more:
Read more »
China worries about infections by travellers from abroadChinese citizens living abroad are wondering whether it would be safer to return
Read more »
New Satellite Video Shows China Pollution Vanishing During COVID-19 Lockdown—Then Coming BackThe European Space Agency released a new video this weekend that shows air pollution vanishing over China as the country goes into COVID-19 coronavirus lockdown, then returning as business resumes.
Read more »
China scrambles to curb rise in imported coronavirus casesChina on Sunday reported 46 new cases of coronavirus, the fourth straight day wi...
Read more »
Exclusive: U.S. axed CDC expert job in China months before virus outbreakSeveral months before the coronavirus pandemic began, the Trump administration eliminated a key American public health position in Beijing intended to help detect disease outbreaks in China, Reuters has learned. The American disease expert, a medical epidemiologist embedded in China’s disease control
Read more »