XFA Weekly Review 2017 Issue 21_Xinhua Finance Agency

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Issue		21
2017


	2017/05/21 - 2017/05/27

China plans change to major shareholder stock-selling rules

China's securities regulator said that it will make changes to the rules governing the selling of stock by major shareholders and management.

China mulls adjusting yuan-dollar pricing model

Chinese authorities are considering introducing a "counter-cyclical factor" to the existing yuan-dollar pricing model.

	China introduces fewer restrictions on foreign investment

	With a shorter negative list for foreign investment, China has made a further step in opening up its vast market.


	RMB’s exchange rate registers highest growth in 2 months

		RMB’s exchange rate has registered stable growth since the beginning of this year.

China industrial companies post strong growth in first four months

China's major industrial firms posted double-digit growth in profits in the first four months of this year.

U.S. Fed minutes show officials see rate hike soon

Most Federal Reserve officials see it appropriate to raise interest rate soon if economy continues to improve.

No change to prudent China's monetary neutrality

China will stick to the prudent and neutral monetary policy for deepening of supply-side structural reform.

China unveils market reform for oil and gas industry

Chinese authorities on Sunday announced a reform plan for the country's oil and gas industry.

Geely agrees to buy 49.9 pct stake in Malaysia's Proton

China's Zhejiang Geely Holding Group has agreed to buy a 49.9 percent stake in Malaysia's national carmaker Proton from its owner DRB-HICOM Group.

Moody’s rating approach is not appropriate

Moody's downgrade China's long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative.

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