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SinoInsight 1 On May 1, China Banking and Insurance Regulatory Commission director Guo Shuqing told reporters that the CBIRC is planning to introduce 12 new measures to open up China’s financial sector to bankers and insurers. Key changes include: 1. Foreign financial institutions can wholly own local banks and will not need to meet total …

Read moreThe CCP is exploiting U.S. trade talks to further its agenda; China opens up financial sector to court foreign investments

SinoInsight 1 Poor financial data in April has thrown cold water on China’s technical “bull market: China stocks continued to fall this week. On April 26, the Shanghai Composite Index fell by 1.2 percent to go below the 3,100 point mark, while the Shenzhen Component Index fell by 1.28 percent. In the week of April …

Read moreThe crisis behind China’s new hukou policy; decoding the second Belt and Road forum

SinoInsight 1 In Q1 2019, China imported $166.025 billion worth of goods, or 4.8 percent less from the same period last year, according to China’s customs administration. Imports of electronic components, and fabricating equipment saw steep declines: Metal work machine tools (quantity of goods: -48.7 percent; value of goods: -25.1 percent) Machines and devices for …

Read moreFewer imports in Q1 point toward decreased exports in Q2; HK regulators warn about ‘complex lending transactions’

SinoInsight 1 On April 19, Xi Jinping chaired a Politburo meeting to discuss China’s economic situation, poverty alleviation work, and propaganda work. A statement released after the meeting noted that while China’s economy in the first quarter of the year grew at a rate that was better than expected, “the economy is faced with many …

Read moreBehind China’s ‘better-than-expected’ Q1 GDP growth; Cui Yongyuan ‘re-surfaces’ on social media

SinoInsight 1 According to mainland media reports, over the counter local government bonds have become very popular among investors, and are being sold at below the par value of 100 yuan as of April 17. Beijing five-year local bonds, which became available over-the-counter on April 1, are being traded at 98.53 yuan. From March 25, …

Read moreChina economic rebound? Major shareholders vote with their feet; CITIC subsidiary faces grave debt crisis