China

Will permit banks to sell-off loans to more investors.

It's 15% below the average H1 monthly run-rate.

Bank of China says more direct RMB settlements needed.

Will focus on Chinese companies.

First of its kind.

The rise was mainly driven by a rise in CNH FX turnover.

The fifth China-US Strategic and Economic Dialogue concluded on 11 July. Unlike previous meetings, the emphasis was not on the value of the renminbi (RMB). There seem to be two reasons. First, China’s current surplus has come down to 2.3% of GDP in 2012, comfortably below the 4% proposed by the US as a way of defusing tension over currencies. Second, the RMB has appreciated 3.4% against the USD since Aug12; the most among Asia ex-Japan currencies. Over the same period, the RMB has strengthened 6.6% in nominal trade-weighted terms.

12,600 outlets inside offices and the data center were connected.

Alliance will support clients of BoC.

Research team studying new legislation.

Bonds will be issued from Aug.10 to 19.

This despite massive credit crunch in June.

It’s to keep market liquidity and interest rates stable.

Strengthens market-oriented reforms in its financial system.

Could threaten communism if implemented.

Aimed specifically against wealth management products.