China's NDRC has issued trial regulations designed to improve the evaluation and management of gov't investment fund allocations, Xinhua reports
Newsquawk Staff ·
China's NDRC has issued trial regulations designed to improve the evaluation and management of gov't investment fund allocations, Xinhua reports.
What it means
The new trial regulations from China's NDRC aim to enhance the evaluation and management of government investment fund allocations. This could signal a shift towards more transparent and efficient allocation practices, influencing market confidence in state-backed investments. Watch for potential implications on sectors benefiting from government support and overall economic stability.
Sources
- China's Auto Industry Body CPCA says Tesla (TSLA) sold 67,829 China-made vehicles in Oct (prev. 95,366 M/M)
- PBoC pledges to enhance stock market support measures by expanding participation in its swap facility for securities firms, funds and insurers, moderately lowering swap fees and conducting operations when appropriate
- China proposes easing FX rules for current account transactions
- Japan's Chief Cabinet Secretary Kihara says JPY 1.1tln of reserve funds is to support fuel price measures
- Japanese PM Takaichi says they will be commencing electricity and gas support measures from December, until February
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