◎ Major shareholders in China could be thinking of or taking steps to dump newly unrestricted shares in the wake of a worsening economy and slumping market confidence.
◎ Whenever the central bank releases liquidity, the funds usually flow to the property markets.
◎ The exchange between the finance ministry and central bank exposes deeply-rooted institutional problems in the Chinese regime.
◎ The Sino-U.S. trade war is underway. And China lacks “ammunition.”
◎ The Chinese regime has been shifting government and national debt to the Chinese people via the “monetization” of shantytown redevelopment projects.
◎ An article in Financial News suggests that China’s debt problem is very severe.
◎ Guo Shuqing’s new assignment affirms the logic behind our analysis of China’s financial sector reform and personnel reshuffle.
◎ The appointment of Yi as PBoC president sends two key signals.
◎ On March 19, the 13th National People’s Congress elected new vice premiers, state councilors, ministers, committee heads, and key central bank appointees.
◎ On March 16, the CBRC issued a document soliciting views on guidelines for its governance of financial institution data.