China's central bank is expected to prioritize stabilizing market confidence in the coming quarter, keeping monetary policy accommodative for economic recovery while fending off any rapid weakening of the renminbi against the dollar, experts said on Thursday.

The Committee votes unanimously to raise the policy rate by 0.25 percentage point from 0.75 to 1.00 percent, effective immediately.

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) released the findings of their 2021 joint survey on the Sale of Non-exchange Traded Investment Products by licensed corporations (LCs) and registered institutions (RIs) (Note 1).

The People's Bank of China monetary policies overview.

According to Eurostat's flash estimates, the annual inflation rate in August was 9.1% in the euro area and 7.6% in Finland. The ECB staff’s new September forecast also reflects a substantial upward revision from the June forecast, with euro area inflation now expected to average 8.1% in 2022, 5.5% in 2023 and 2.3% in 2024.

“Huarui FinTech Salon” (No. 2), jointly hosted by Shanghai Huarui Bank, International Monetary Institute (IMI), Renmin University of China(RUC) and RUC FinTech Institute, was held on August 30 afternoon online. The theme of the salon was “Blockchain technology development and its application trend”. The keynote speech was delivered by Cao Feng, Member of the China FinTech 50 Forum (CFT50). The following experts attended the salon: Deng Di, Chairman of Taiyi Group; Sun Xi, Senior Expert of Ant Group Research Institute; Yang Dong, Executive Dean of Blockchain Research Institute, RUC; Wu Entao, Managing Director of South China Sea Cooperative Innovation Development Fund. The event was moderated by Qiu Zhigang, Senior Research Fellow of IMI and Professor of School of Finance, RUC.

On July 7, 2022, the Macro-Finance Salon (No. 188) was held online. This event was co-hosted by the International Monetary Institute (IMI) and the Department of Monetary Finance, School of Finance, Renmin University of China (RUC), and organized by the Macroeconomic Research Office of IMI. During the seminar, Zhang Bin, Deputy Director, Institute of World Economics and Politics, CASS, delivered a keynote speech titled “New Citizens and New Models: Housing Markets for the future”. Professor Wang Guogang, School of Finance, RUC; Member of Academic Committee, CASS; Li Xunlei, Chief Economist, Zhongtai Securities; Xia Lei, Chief Economist, Sealand Securities and Chen Xiaoliang, Associate Editor&Reviewer, Institute of Economics, CASS gave speeches respectively. The salon was moderated by Zhao Xijun, Co-Dean, Academy of China Capital Market, RUC.

On May 31st, the Seminar on SDR and Reform of the International Monetary System and the Macro-Finance Salon (No.185) was held as an online closed-door meeting, with the International Monetary Institute (IMI) of Renmin University of China (RUC) and the International Finance Forum (IFF) Institute as co-hosts.

On August 25, the “2022 Wealth Management Summit: Industry Trends amid the Global Change” and the launch of the Evaluation Report on China’s Wealth Management Capacity 2022 was held in Beijing. The summit was organized by Xinhuanet and the School of Finance, Renmin University of China (RUC), and co-organized by the International Monetary Institute (IMI) of RUC, the Wealth Management Research Center of RUC, and the Golden Bull Financial Research Center of China Securities Journal. The participants had in-depth exchanges on the features of China’s wealth management industry, how wealth management institutions can build core competitiveness, how to improve investors’ sense of fulfillment and other heated issues in the industry. Tan Songtao, Director of the Wealth Management Research Center of RUC, presided over the summit.

With the rise of retail share trading and easy to use online investment platforms, some features of share ownership previously only available to merchant banks and brokers are now being offered to everyday, smaller-scale investors.

National Association of Financial Market Institutional Investors (“NAFMII”) hereby promulgates the Detailed Rules for the Administration of Tiered Management of Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Detailed Rules”) and the Form Requirements for Registration Documents for Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Form”) with a view to fully implementing the policy of the CPC Central Committee and the State Council to expand the open-up of the financial sector in an active and orderly manner and further improving the quality and level of the open-up of the debt financing instruments market. To further regulate the registration and issuances of debt financing instruments by overseas non-financial enterprises, NAFMII hereby provides the notice on the relevant matters as follows:

China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS) held the 6th CSRC-MAS Supervisory Roundtable on January 26, 2022 by video conference.