HK should leverage CBDC to gain digital finance leadership By Kenny Shui and Judy Chen | China Daily Asia | Updated: 2020-12-31 09:16 The booth of the Digital Currency Institute of the People s Bank of China at an expo in Beijing. [Photo provided to CHINA DAILY]
As the popularity of electronic payment on the mainland continues to soar, Beijing is also taking the digitization of legal tender (or central bank issued currency) seriously. On the 40th anniversary of the establishment of Shenzhen as a Special Economic Zone, President Xi Jinping announced his support for the internal pilot testing of digital renminbi, or e-CNY. He also urged further research, development and application of e-CNY, as well as international cooperation.
Search jobs Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program
SUZHOU, China and ROCKVILLE, Md., Dec. 30, 2020 /PRNewswire/ Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the company was officially included into the Shenzhen-Hong Kong Stock Connect program (the Hong Kong Stock Connect ). This was officially announced by the Shenzhen Stock Exchange ( SZSE ) on December 25, 2020, which has been effective since December 28, 2020. This inclusion is the very first arrangement for the eligible pre-revenue biotech companies listed under Chapter 18A of Hong Kong s Main Board Listing Rules, and complied with the conditions for the inclusion in the Hong Kong Stock Connect.
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
Shenzhen Stock Exchange Launches The CNI Xiangmi Lake Culture And Creativity Index Date
21/12/2020
To comprehensively reflect the operation status of the listed companies in the cultural and creative industries in Shenzhen and Hong Kong, create new cultural and creative models, promote deeply integrated development of “culture + finance”, and better support the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration zone of socialism with Chinese characteristics, on 17 December 2020, SZSE’s wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. and the People’s Government of Futian District jointly launched the CNI Xiangmi Lake Culture and Creativity Index (Abbreviation: Culture & Creativity. Code: 980046). Member of the Standing Committee of the CPC Shenzhen Municipal Committee and Director of the Publicity Department of Shenzhen Wang Qiang, Deputy Secretary of the CPC Committee and President & CEO of SZSE Sha Yan, C
Home Bias Especially Dangerous with China Leading the Economic Recovery December 17, 2020
As global diversification becomes more prominent in a recovering economic landscape, getting exposure to the second largest economy can be crucial. ETF investors can get concentrated exposure to the best equities in China via the
ASHX seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI China A Inclusion Index. The fund will normally invest at least 80% of its total assets in securities (including depositary receipts in respect of such securities) of issuers that comprise the underlying index.
The underlying index is designed to track the equity market performance of China A-Shares that are accessible through the Shanghai-Hong Kong Stock Connect program or the Shenzhen-Hong Kong Stock Connect program. The fund has a next expense ratio of 0.60%, but with that, investors get a fund that’s been performing at a stellar rate, with a yea