Foreign holdings of China equities reaches a record high
Foreign holdings of Chinese stocks soared to a record high in the end of the third quarter despite trade disputes with the United States.
By late September, Chinese equities held by foreigners amounted to a record of 1.77 trillion Yuan ($253.14 billion) after maintain a steady rise for 4 months straight according to the latest data from the People’s Bank of China (PBOC).
China is currently working on opening its heavily-policed capital markets after having recently scrapping investment quotas under the Qualified Foreign Institutional Investor (QFII) scheme.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...