China securities regulator head:
- Says US tariffs will have bigger impact on A-share listed companies with bigger share of exports to US
- Will help a-share listed companies affected by tariffs to cope with difficulties
- Says will support mergers and acquisitions among listed companies
Earlier:
- PBOC Governor Pan says world is full of uncertainties – cuts rates
- PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
- People’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)
This article was written by Eamonn Sheridan at www.forexlive.com.China securities regulator head:Says US tariffs will have bigger impact on A-share listed companies with bigger share of exports to USWill help a-share listed companies affected by tariffs to cope with difficultiesSays will support mergers and acquisitions among listed companiesEarlier:PBOC Governor Pan says world is full of uncertainties – cuts ratesPBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cutPeople’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)PBOC governor says will lower interest rates on structural policy tools by 25 bps
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
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