- China Begins Yuan Bond Issuance in Hong Kong
The bond issue in Hong Kong marks a crucial step for the regionalization of the yuan and reflects the deepening fiscal and financial cooperation between the mainland and Hong Kong.
- Rally in Financials Boosts Shanghai Index
Analysts speculated that the central bank governor Zhou Xiaochuan's comments might have led to expectations of an interest rate rise, which will benefit banks.
- China Urges IMF Quota Reform
Institutional architecture of IMF poised for adjustments; Current quotas allot developed countries 57 percent of voting power.