Chinese mainland stocks mounted a remarkable rally on Monday, the first trading day of the year of the Rabbit, with a benchmark surging to a near bull market, despite a pullback later in the session, as market sentiments are evidently buoyed by a better-than-expected travel and spending spree during the Spring Festival holidays.
China cautions US to properly handle debt ceiling to avoid pushing world into recession garoweonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from garoweonline.com Daily Mail and Mail on Sunday newspapers.
Foreign financial institutions are racing to expand their operations in China along with the country’s strong economic recovery expectations and accelerated financial opening-up, with Schroder Investment Management (China) becoming the fifth wholly foreign-owned public fund management firm in China.
China’s central bank on Wednesday vowed to use varied monetary policy tools to maintain reasonably ample liquidity in 2023. The central bank also aims to ramp up financial support for domestic consumption to accelerate economic growth.
Certain US politicians would prefer conflict over cooperation on audit supervision and Chinese firms listing in the US should take a more proactive approach in switching to domestic stock markets, experts said on Sunday after the US Congress reportedly cut the timeline for delisting threat from three to two years.