Financial regulators flag measures to incrementally open capital account

In May, China's permanent rare earth (REE) magnet exports fell 74% y/y – hitting a five-year low of just 1,238 metric tons. That reflects a further ~53% tumble from April, when the heavy REE controls were imposed (April 4) and… Read More »

Don't panic folks – China's consumer goods trade-in program isn't about to end. ICYMI: Earlier this month, we noted that several provinces had temporarily paused voucher disbursements under the program, sparking concern that central subsidies had run out. On Thursday,… Read More »

China is re-opening the IPO channel for unprofitable companies on the STAR Market. Wu Qing, chairman of the securities regulator (CSRC), made the announcement at Wednesday’s Lujiazui Forum. Some context: Beijing has historically discouraged unprofitable companies from IPO-ing. Only 54… Read More »