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Shanghai Lujiazui Finance & Trade Zone Pays in Cash, Shares for Certain Transactions
Shanghai Lujiazui Finance & Trade Zone (SHA:600663) issued shares and paid cash to purchase assets and raised matching funds for related transactions, according to a Friday filing with the Shanghai bo
Shanghai Lujiazui Finance & Trade Zone DevelopmentLtd (SHSE:600663) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it might be obvious that you need to consider debt, whe
Financial Morning News: The central bank has once again tightened the offshore market's renminbi liquidity. The amount of A-share buybacks this year has exceeded that of 2023.
New explosive policy in real estate! Government acquisition range expanded to county-level cities, experts say it can achieve a four-in-one effect. On June 20th, the Ministry of Housing and Urban-Rural Development held a video conference on the acquisition of existing commodity housing for use as affordable housing. At the meeting, the Ministry of Housing and Urban-Rural Development clearly stated that all regions should promote the effective acquisition of existing commodity houses for use as affordable housing in counties and cities above the county level. The Ministry of Housing and Urban-Rural Development stated that based on the local real estate market conditions, comprehensive consideration should be given to factors such as the actual demand for affordable housing, the inventory level of the commodity housing market, etc., in accordance with the principle of 'government leadership, market-oriented operation'.
Zhu Hexin, director of the forex bureau, said that since 2024, the RMB has been steadily appreciating against a basket of currencies, and the exchange rate is expected to be more stable.
Zhu Hexin, the vice governor of the People's Bank of China and director of the State Administration of Foreign Exchange, stated on June 19th at the 2024 Shanghai Lujiazui Finance & Trade Zone Development Forum that despite the complex and ever-changing external environment, China's forex market has shown strong resilience in operation since 2024. The yuan has remained stable against a basket of currencies, and the exchange rate expectations have become more stable; the international balance of payments has remained basically balanced, and the current account surplus has maintained a reasonable and moderate scale. Overseas investors' willingness to allocate RMB assets has generally improved, and the size of forex reserves has stabilized above $3.2 trillion. (Finance First)
Pan Gongsheng: Adhere to the decisive role of the market in the formation of exchange rates, maintain exchange rate flexibility, and resolutely guard against the risk of exchange rate overshooting.
Pan Gongsheng: Currently, RMB cross-border receipts and payments for trade in goods account for 30%, reducing the exchange rate risk exposure faced by enterprise production and operation. On June 19th, 2024, Pan Gongsheng, governor of the People's Bank of China, stated at the Lujiazui Forum that after years of continuous efforts, the foreign exchange market in China has made significant progress and development, with market participants becoming more mature and trading behavior more rational. More and more business entities are using exchange rate hedging tools. At the same time, currently, RMB cross-border receipts and payments for trade in goods account for 30%, reducing the exchange rate risk exposure faced by enterprise production and operation. We also have richer experience in coping with foreign exchange market fluctuations this year.
Focus on the Lujiazui Forum! What did Wu Qing talk about besides the Eight Measures for the STAR Market and strengthened regulation?
A quick glance at this article!
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