XFA Weekly Review 2017 Issue 41_Xinhua Finance Agency

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Issue		41
2017


	2017/10/08 - 2017/10/14

China's RRR cut a breakthrough in policy tools: economist

China's latest cut to the amount of cash lenders must hold as reserves is a breakthrough in policy tools.

China's new yuan loans expand in Sept., M2 growth accelerates

Chinese banks extended a forecast-beating amount of new loans in September while broad money supply growth also accelerated.

	Forex reserves up for the 8th month

	China’s foreign exchange reserves climbed for eight consecutive months to 3,108.5 billion US dollars at the end of September.


	China to take three steps to cut leverage

		China's deleveraging: firstly, slow down the Anchor growth of leverage ratio; secondly, stabilize leverage ratio; and thirdly, reduce leverage ratio.

China has confidence to prevent systemic risks: PBOC governor

China has capacity and confidence to control systemic risks while maintaining steady growth, said Zhou Xiaochuan.

Alibaba establishes DAMO Academy for cutting-edge technology development

The Alibaba Group will set up a new research institute and invest over 100 billion yuan over the next three years in advanced technology development.

SOEs reform to accelerate with injection of mixed ownership reform funds

With mixed ownership reform fully promoted, center SOEs are participating in the third batch of the reform.

Mainland China accounts for half of top 10 global VC financings in Q3 2017

Mainland China recorded robust venture capital (VC) activities in Q3 2017, with artificial intelligence (AI) and autotech key areas of investment.

NPL prices rise on expansion of local AMCs

So far, China has 55 local AMCs, including provincial AMCs and municipal AMCs.

IMF raises its forecast for global growth for 2017, 2018

The IMF upped its growth forecast to 3.6 percent in 2017 and 3.7 percent in 2018, 0.1 percent higher than projections in July.

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