The new China-Singapore Green Finance Taskforce is expected to facilitate easier access to green bonds in both markets through stock exchange connections and digital trading.
Hong Kong-based Dr. Xiangrong Yu takes on responsibility for the bank’s views on China’s economy and policy. He shares with FA his thoughts on last week’s move by the PBOC’s to offer a RMB 1 trillion fiscal boost, as well as his concerns around inflation in 2H22.
The PBOC's plans to issue a cryptocurrency to replace fiat currency is seen as a move to regulate cash flow and to clamp down further on shadow banking. A policy adviser also couldn't resist a swipe at Facebook's Libra.
As the Sino-US trade war slows down GDP growth, Beijing is reforming its state infrastructure bonds to stimulate both international demand and infrastructure investment.
Although the Chinese government's bailout of Baoshang Bank indicates support for financial institutions, not all investors are likely to escape the credit risks of Chinese banks.