XFA Weekly Review 2017 Issue 10_Xinhua Finance Agency

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Issue		10
2017


	2017/03/05 - 2017/03/11

China sets 2017 GDP growth target at around 6.5 pct

China has set its GDP growth target at around 6.5 percent for 2017, compared with a target range of 6.5-7 percent last year.

Policies encourage mixed ownership reform in SOEs

China will speed up the reform of state-owned enterprises (SOEs) and state capital.

	PBOC tends to launch digital currency, era of digital payment approaches

	The People’s Bank of China (PBOC), China’s central bank, has sent strong signal of launching digital currency.


	Foreign firms allowed to go public, issue bonds in China

		China will encourage foreign-invested firms to be listed and issue bonds in China.

China eyes more proactive fiscal policy, further tax reduction in 2017

China will pursue a more proactive and effective fiscal policy with government fiscal deficit projected to be 3 percent of its GDP.

Lock-up period for private placement at market price to change

The lock-up period for private placements at market price will change the arbitrage model of refinancing on the ChiNext Board.

Bonds of over RMB180 bln bonds cancelled, bond market at trough

The latest statistics of Wind show that 179 bonds with a total amount of 181.02 billion yuan has been cancelled in recent four months.

China's consumer inflation weakens, rate hike unlikely

China's consumer inflation eased sharply in February after price distortions created by the festival season faded.

China's forex reserve decline normal: central bank governor

The dropping trend in China's foreign exchange reserve is a normal phenomenon, the country's central bank chief said Friday.

New Third Board debuts in government work report

It will improve the basic system of the main board market, actively develop the ChiNext Board and the NEEQ and regulate regional equity markets.

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