介绍:
The Shanghai-Hong Kong Stock Connect
A number of mainland traders have received approval from China's securities regulator to enter the Hong Kong stock market.
This comes as the Hong Kong and Shanghai Stock Exchanges begin a formal connection, with the so-called Shanghai-Hong Kong Stock Connect being tested this weekend for the first time.
A second trial is scheduled for this coming weekend.
The Shanghai-Hong Kong Stock Connect is designed to allow investors to trade on both markets.
To find out more about the new development, CRI's Paul James spoke earlier with Gao Shang, an analyst with Guantong Futures.
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Back anchor:
That was Gao Shang, an analyst with Guantong Futures.
Russia's Gazprom, China ICBC discuss financing, bond issues
Russian gas company Gazprom is discussing possible trade and corporate financing, along with bond issues with the Industrial and Commercial Bank of China.
Gazprom announced the deal in a statement, adding that the bond issues could be carried out in offshore yuan.
Both companies are also mulling arranging payment settlements using the rouble and yuan.
In May, Gazprom signed a 400 billion U.S. dollar gas deal with China, under which it will provide gas to China for 30 years.
The pipeline system is yet to be built.
The deal comes after Chinese Premier Li Keqiang visited Russia.
Some 40 different deals ranging from high-speed railways to currency swaps were inked during the premier's visit.
PBOC lowers official bond yield
China's central bank has lowered the yield at its bond repurchase agreement auctions, as part of an effort to lower real funding costs.
The decline marks the second time since July.
It is also a sign that the central bank is trying to keep market interest rates relatively low.
The People's Bank of China or PBOC decided to lower the yield of the 14-day bond repurchase agreements to 3.4 percent, from the previous 3.5 percent yield.
Reports suggest that this is a result of the markets appearing to have failed to respond to related government appeals lately.
Last month, the central bank decided to relax mortgage restrictions.
The PBOC also announced earlier this week that it would be lowering costs for home buyers who borrow from the government.
But both banks and related financial institutions have remained cautious about putting these decisions into effect.
UK sets yield on debut of a yuan bond
The UK government has released price guidance on the debut of a 3-year offshore yuan bond.
It is also revealed that the bond targets a 2.9-percent yield.
The country's Treasury has confirmed the issuance of the Chinese currency bond.
The Bank of England is acting as an agent in managing the sale of the bond.
Bank of China, HSBC and Standard Chartered have put forward the new investment instrument.
No target size has been announced.
But it is anticipated that some 2 billion yuan or over 300 million U.S. dollars can be expected.
Levin Zhu resigns from CICC
China International Capital Corporation, the country's largest investment bank, has announced that Zhu Yunlai, also known as Levin Zhu, has resigned from CICC's CEO and Chairman of the Management Committee.
Lin Shoukang, CICC's chief operating officer, has been appointed as CICC's acting CEO and Chairman after the board of directors approved Zhu's resignation.
CICC did not specify why Zhu decided to resign.
Under his leadership, CICC has established a research based full-service investment bank business framework of three major business segments. They are Investment Banking, Sales and Trading, and Investment Management, with a strategic business network based in the Chinese mainland, New York, London, Singapore and Hong Kong.
