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GC Asia
Regulation & Policy - All Articles
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Time to rethink assumptions on China's economy, says Pettis
China may seem out of the woods, given the strong GDP growth recorded in 2017 and the coordinated crackdown on leverage in its financial system, but the true reckoning has yet to come, leading China economist Michael Pettis tells GlobalRMB.
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The week in renminbi: Xi set for a third term, China levels playing field for foreign banks, registration-based listing rules to continue
The Communist Party changes the constitution to allow Xi Jinping to serve a third term as president, banking watchdog standardises market entry rules for local and international banks, and China’s legislature approves a two-year extension for the registration-based IPO system.
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PBoC’s Xu: ‘Super central bank’ a global phenomenon
China is aligning itself with central banks around the world by giving the People’s Bank of China a leading role in regulating financial markets, Xu Zhong, head of the research bureau at the PBoC, has argued.
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PBoC touts bond reform amid deleveraging, opening up
The People’s Bank of China has laid out its next moves to upgrade the domestic bond markets, including better market standards, clearer default rules and further opening to foreign investors — steps that could make regulators less active in the corporate debt market.
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JPM nails world first with RMB clearing mandate
JP Morgan has become the first non-Chinese financial institution to get an official renminbi clearing bank licence, joining Bank of China's New York branch as the second such firm in the US, the People’s Bank of China said on February 13.
