China Banking Regulatory Commission will look into the capital flow of bank loans, which some suspect were used to speculate on stocks. Likewise,
louboutin chaussure pas cher, People’s Bank of China will investigate notes financing, which it suspects contributed to the jump in loans in January. Meanwhile, authorities are considering how to use notes discount windows to encourage banks to provide notes financing to small- and medium-sized enterprises (SMEs). Normally,
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Liu Jiayi,
polo ralph lauren, China’s Auditor General said economic violations are deeply rooted in China’s system. Liu called for political reforms, saying China must reform its system in order to eliminate violations in the business sector. In 2008, investigators looked into 20 business violations involving 6 billion yuan. Ten cases involved China’s three largest commercial banks, ICBC,
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Foreign investors playing the A-share market through China's QFII program are seeing higher returns as trading volumes jump. Some experts say state-owned companies may be using bank loans to buy stock, pushing markets higher. QFII funds rallied with an average return of 7.6 percent in January,
franklin et marshall, outperforming domestic funds in all categories. Actively managed QFII funds averaged a 10.74 percent return,
franklin and marshall, while passively managed funds posted an average yield of 7.6 percent.
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Chinese officials admitted that there has been a small increase in capital outflow but see no evidence of a massive exit. The State Administration of Foreign Exchange (SAFE) will step up its efforts to regulate cross-border capital movement and to crack down on irregularities. SAFE's focus has shifted from preventing an influx of speculative funds
(English link will be available soon)
Hangzhou added 1 billion yuan in consumption vouchers. Hangzhou issued the vouchers, 200 million yuan in total,
polo ralph lauren pas cher, to 1.3 million citizens in January. Local governments across China have been issuing consumption vouchers to residents in an effort to unlock some of the country's massive savings and help boost the economy.
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