By Addison Gong
01 Feb 2021
In this round-up, China’s official and the Caixin manufacturing Purchasing Managers’ Indexes fall amid a resurgence of local Covid-19 infections, creditors demand a bankruptcy reorganisation of beleaguered conglomerate HNA Group, and Xiaomi Corp files a lawsuit against the US’s decision to add it to a list of Chinese companies with alleged military ties.
China’s official January manufacturing Purchasing Managers’ Index (PMI) came at 51.3, down from December’s 51.9, with non-manufacturing PMI dropping to 52.4 from 55.7 the previous month, latest data from the National Bureau of Statistics showed.
The official manufacturing PMI reading reached a three-year peak of 52.1 in November 2020.
Craig McLeod January 25, 2021 09:36
Tectonic shifts in technology and the transformation of global finance over the past two decades have dramatically changed the way investors trade bonds. Nowhere is this more evident than in the opening up of mainland China’s bond market.
The gradual transformation of China’s $15 trillion debt market offers one of the best examples of how an individual economy can take advantage of recent advances in financial services. Just five years ago, only a very limited number of foreign institutional investors were able to invest in China’s onshore bond market. But thanks to regulators’ efforts in lowering barriers and to developments in electronic trading, overseas ownership of Chinese credit is now at a record high. During the same period the Chinese bond market has grown into the world’s second largest, behind only the U.S.
China s QDII approved quotas surpass 120 bln U S dollars shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
Guotai Junan Securities finalizes first lending for QFII in China A Share market chinadaily.com.cn | Updated: 2020-12-29 17:30 Share CLOSE
Guotai Junan Securities facilitated Qualified Foreign Institutional Investors (QFII) to finalize the first ever margin trading and stock borrowing and lending business by foreign institutional investors in the China A Share market, with underlying stocks ranging from the Main Board, Growth Enterprise Market (GEM), Science and Technology Innovation Board (STAR Market) and etc on Tuesday.
QFII s participation in margin financing and securities borrowing and lending businesses will be helpful in attracting more high quality capital into the market, improving the long-short balance of the market, expanding investment scopes, as well as increasing market activity.
Citibank aids 1st margin financing, securities borrowing under QFII By Jiang Xueqing | chinadaily.com.cn | Updated: 2020-12-29 21:48 Share Pedestrians walk past a Citi outlet in Shanghai. [Photo by Jin Rong/For China Daily]
Citibank (China) Co Ltd announced on Tuesday that it has successfully facilitated some of the first margin financing and securities borrowing transactions in China for global investors under the Qualified Foreign Institutional Investors plan.
Tuesday marks the first time that global investors can conduct such transactions in China s A-share market, following the new Qualified Foreign Institutional Investors (QFII) regulations that took effect on Nov 1.
The new QFII regulations made major amendments to the previous regime, including unifying QFII and Renminbi Qualified Foreign Institutional Investors (RQFII) plans and expanding permissible investment scope, as well as offering a more convenient and flexible