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China's foreign exchange reserves hit a 14-month high, reaching $3.2048 trillion by the end of April as the U.S. dollar weakened and global financial markets rebounded, the State Administration of Foreign Exchange said on Sunday.
China's foreign exchange reserves hit a 14-month high, reaching $3.2048 trillion by the end of April as the US dollar weakened and global financial markets rebounded, the State Administration of Foreign Exchange said on Sunday.
The highly anticipated market-wide implementation of the registration-based IPO mechanism got off to a sound start on Monday as the first 10 main board companies to list under this mechanism started trading.
The landscape for Chinese securities firms is set to be reshaped as a registration-based initial public offering system is expected to be more widely adopted and extended to the A-share main board, where more large-caps and industry juggernauts are listed, industry experts said.
The early and speedy issuance and allocation of this year's special local government bond quota will effectively boost infrastructure construction and help rev up economic recovery, particularly in the first quarter, analysts said.