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The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector.
China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume. so market movements reflect ground sentiment.
BEIJING (Reuters) -The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after ...
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The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust , have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations.
The first meeting of the National Financial Work Conference was held in 1997, in reaction to the Asian financial crisis. The Conference decided to establish the Central Financial Work Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission to supervise China's financial system. It also agreed to ...
BEIJING (Reuters) -China has banned exports to the U.S. of some goods containing critical minerals while tightening exports on others, after U.S. curbs a day earlier on the Chinese chip industry.