China to expand capital tools for banks to raise funds

China’s financial regulators Monday issued a plan to expand capital tools for commercial banks to replenish their capital in order to boost their support for the real economy. The country will improve rules to enable commercial banks to raise funds through multiple channels, including convertible bonds and other loss-absorbing debt instruments, according to the plan jointly … http://bit.ly/2GnIuR1

China Focus: China establishes financial stability and development committee

China has set up a committee under the State Council to oversee financial stability and development, according to an official statement Wednesday. The committee will be an office of the council, focusing on the deliberation and coordination of major issues concerning financial stability and related reform and development, according to the statement China announced that it … http://bit.ly/2AotW2C

China Focus: How China’s new central leadership are elected

Xi Jinping was Wednesday re-elected general secretary of the Central Committee of the Communist Party of China (CPC) by a unanimous vote at the first plenum of the new Central Committee that was elected at the party’s twice-a-decade national congress. The plenum also elected the members of the Political Bureau of the CPC Central Committee and its Standing Committee. Based … http://bit.ly/2hr3hYJ