FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that there were several new measures out of China this week.
Key Quotes:
“Regulators allowed pension funds to hold as much as 30% in stocks for the first time. Beijing also stepped up its enforcement of a ban on selling by large shareholders.”
“A statement by the Ministry of Commerce said the government would lower the threshold for foreign capital to participate in the domestic property markets.”
“And the Ministry of Finance decided to further expand the local government swap program to RMB3.2 tln from RMB2.0 tln. In addition to all this, there has been a lot of speculation about official support for the equity markets.”
(Market News Provided by FXstreet)