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  1. GLGA Vision | The PBC sets a new tone! We will resolutely refrain from extensive administration and guard against the divergence of inflation expectations! What is the orientation of the monetary policy next?2019-11-19
    According to the Report on the Implementation of the Monetary Policy in Q3 2019 released by the People's Bank of China (the PBC) on November 16, counter-cyclic adjustment and structural adjustment will be strengthened, the short-term downward pressure on the economy properly coped with, extensive management resolutely opposed, and the growth rate of broad money M2 and social financing scale kept in line with nominal GDP growth.
  2. GLGA Vision | As the SOEs reform will speed up in an all-round way, what important messages will Liu He release when he presides over the meeting of the leading group of the SOEs reform of the State Council?2019-11-14
    On November 12, Liu He, a member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and head of the leading group of SOEs reform of the State Council, presided over the third meeting of the leading group of SOEs reform of the State Council and delivered a speech, www.gov.cn reported.
  3. GLGA Vision | The PBC cut the MLF interest rate unexpectedly. What's the message behind the late "rate cut" by the PBC?2019-11-07
    On November 5, the People's Bank of China (the PBC) issued RMB400 billion of one-year medium-term lending facility (MLF) and cut the MLF interest rate to 3.25% from 3.3%. Today, the maturity scale of MLF is RMB403.5 billion. The PBC unexpectedly cut the interest rate of one-year Medium-term Lending Facility (MLF). As it is far beyond the market expectation, A share rises sharply on the day in a response. Market participants generally believe that in the "balance" of the PBC, "stabilizing growth" overweighs "controlling inflation".
  4. GLGA Vision | Economic Blue Book: China's economy is expected to grow by 6.2% in 2019.2019-10-31
    According to the Economic Blue Book Summer Volume: Annual Report on China's Economic Growth (2018-2019) released by the Institute of Economics, Chinese Academy of Social Sciences together with the Social Sciences Academic Press (China) on 29, the forecast for China's economic growth has been toned down due to external impact. It is expected that China's economy will grow by 6.1% in the second half of 2019 and by 6.2% in the whole year of 2019.
  5. GLGA Vision | The First Bund Summit Focuses on Financial Opening Up with Blockchain as the Significant Impetus2019-10-29
    The "2019 Bund Summit", co-sponsored by the China Finance 40 Forum (CF40) and the Huangpu District Government of Shanghai, was held in Shanghai on October 27 to continue opening up the financial industry and speed up the construction of Shanghai as an international financial center.
  6. GLGA Vision | China Financial Forum kicks off to discuss together the way to make fintech serve high-quality development of the real economy.2019-10-24
    China Financial Summit 2019, themed at "Making Fintech Serve High-quality Development of the Real Economy", kicked off on October 23 and 24 in Beijing. Focusing on this summit, the Green Legal Global Alliance Research Institute shares concerns with all participants about the integration, drive and reconstruction in the era of fintech (financial technology), fintech innovation to expedite the transformation and development of the banking industry, corporate financing and listing, new opportunities for global asset allocation and capital market development, etc.
  7. GLGA Vision | Financial Core Data Rebound Comprehensively in September and the PBC Explains the Objective of Monetary Policy in Details2019-10-17
    According to the latest data released on the 15th by the PBC, September's financial data rebounds considerably from August, and is generally higher than the market expectation. Ruan Jianhong, director of the Financial Survey and Statistics Department of the PBC, said on 15th that the overall sound financial data in Q3 is the result of the strong demand for funds in the real economy and the strengthened ability of the financial system to serve the real economy.
  8. GLGA Vision | A Change for over RMB80 Trillion Asset Management Products! The Latest Comments for the PBC's 6 Non-standardized Creditor's Right Assets2019-10-15
    After new regulations on asset management, another new rule is issued. On October 12, the PBC issued the Determining Rule for Standardized Creditor's Right Assets (Draft for Comments) (the Determining Rule for short below), which is also an important supporting rule of the new regulations on asset management.
  9. GLGA Vision | Top leaders gather together to discuss how the SGS Finance Geneva Summit boosts global sustainable development.2019-10-10
    The SDG (Sustainable Development Goal) Finance Geneva Summit (SGS Geneva) was held at the Credit Suisse Forum Geneva on October 9. The Summit, initiated by the United Nations Development Programme (UNDP), aims to gather together top decision makers from all countries to contribute to the achievement of the sustainable development goals of the UN. The Summit covered health, energy, financial services, climate change and many other fields and provided unique and valuable opportunities for experts, scholars and industry leaders to exchange ideas. About 250 invitees, including innovative start-ups, impact investors, development financing participants, representatives of Fortune 500 and venture philanthropists, attended the Summit. Focusing on this Summit, the Green Legal Global Alliance Research Institute shared concerns with all participants about the fresh goals and countermeasures of global sustainable development.
  10. GLGA Vision | Regular Meeting on Monetary Policies of the PBC Is Convened to Deliver Seven Messages!2019-10-08
    On September 25, the Monetary Policy Committee of the PBC held its 86th regular meeting in Beijing in the Q3 2019. The meeting pointed out that we should make efforts to step up counter-cyclic adjustment, work to smooth monetary policy transmission with vigor, and improve the Loan Prime Rate mechanism with various monetary policy tools being adopted flexibly.