A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – Swap Connect, which is about to celebrate its first anniversary, is ready to further promote the opening up of China’s financial market as regulators made new arrangements under the scheme. Launched on May 15, 2023, Swap Connect is … Continue reading China’s Swap Connect further enhanced to promote financial opening up
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20 Chinese mainland companies debut on Micro Connect exchange
[Photo/VCG] A batch of 20 Chinese mainland companies debuted on the Micro Connect (Macao) Financial Assets Exchange (MCEX) on Friday, helping these small and medium-sized enterprises to leverage overseas long-term capital, Gary Zhang, founder and CEO of Micro Connect, said on a listing ceremony held in Shanghai on Friday. The companies that successfully sought financing … Continue reading 20 Chinese mainland companies debut on Micro Connect exchange
Discussion in place for international investors to use renminbi bonds as collateral
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Financial authorities from the Chinese mainland and Hong Kong are mulling to facilitate international investors using their renminbi bond holdings as collateral for other products linked to renminbi-denominated assets to further promote financial opening-up. Rico Leung, … Continue reading Discussion in place for international investors to use renminbi bonds as collateral