Last Week in Brief: Wrap of China's Financial News in the Week Ending Sept. 16
Yicai Global
DATE:  Sep 16 2019
/ SOURCE:  yicai
Last Week in Brief: Wrap of China's Financial News in the Week Ending Sept. 16 Last Week in Brief: Wrap of China's Financial News in the Week Ending Sept. 16


On Sept. 10, the State Administration of Foreign Exchange revealed that China was cancelling restrictions on investment quotas via the Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors schemes. It will also cancel restrictions for pilot countries in the RQFII scheme to further facilitate inbound investment in the domestic securities market.

On Sept. 10, the National Bureau of Statistics announced that the national consumer price index rose 0.7 percent on the month in August and 2.8 percent annually. The producer price index fell 0.1 percent monthly and slid 0.8 percent on the year. Pork prices were up 23.1 percent as African swine fever affected supply, and contributed 0.62 percentage points of the overall rise in the CPI.

On Sept. 13, the HKEX said it would continue to pursue a merger with the London Stock Exchange Group, despite the British bourse's emphatic rejection of its GBP31.9 billion (USD40 billion) takeover bid the same day. The LSEG said it was not prepared to relinquish its acquisition of financial data provider Refinitiv, which was a condition of the HKEX takeover, and also that it believed the offer was "substantially" below a fair valuation.

On Sept. 11, Huawei said it planned to raise around CNY3 billion (USD424 million) from three-year bills in its first Chinese bond issuance. 

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Keywords:   RQFII,CPI,HKEX,Huawei