XFA Weekly Review 2017 Issue 16_Xinhua Finance Agency

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Issue		16
2017


	2017/04/16 - 2017/04/22

China remains top destination for venture capital in Asia: report

China remains the top destination for venture capital (VC) investment in Asia, with 3.6 billion U.S. dollars invested in Q1.

Chinese businesses' outbound M A slows in first quarter

Chinese businesses' overseas investment slowed in Q1 as regulators stepped in to contain reckless growth in the sector.

	China's Q1 GDP grows 6.9 pct

	China's economy posted a forecast-beating growth rate in the first quarter of 2017, with the gross domestic product up 6.9 percent from a year ago.


	State council to take more tax cut measures in 2017

		The total tax reduction will amount to more than 380 billion yuan in China this year.

China's capital outflows ease on firmer economy, yuan

Pressure from capital flight has eased off markedly as firmer economic growth renewed foreign investment .

Oil and gas reform expected to reshape the industry

It also proposed to introduce plans on the oil and gas system reform and accelerate the formulation of supporting policies and special plans.

China's bond issuance at 3.9 trillion yuan in March

The value of bonds issued in China totaled 3.9 trillion yuan (about $570 billion) last month, up by about 1.2 trillion yuan from February.

Contracts of debt-to-equity swap involve over RMB500 bln

The debt-to-equity swap program, covers more than 10 industries and over 10 provinces, involving above 500 billion yuan.

14 cities launch policy on restricting transferring houses

At present, 14 cities including Chengdu, Xiamen, Fuzhou, Guangzhou and Zhuhai have launched policy on restricting transferring houses.

Financial market fluctuates with global risks, gold outperforms

British Prime Minister Theresa May announced on April 18 that Britain will conduct a snap general election on June 8.

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