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China's treasury cash is held at the PBOC, the country's central bank, but commercial banks also look after a part of the savings in the form of short-term deposits. [Photo/IC]
China's securities regulator vowed last week to stick to capital market reforms regardless of whether the country's A-shares are included in the MSCI Emerging Market Index.
China, the world's largest auto market, saw strong performance in the new energy vehicle sector in July, with production and sales surging 15.6 percent and 19.3 percent year on year, data from the China Association of Automobile Manufacturers showed.
China's trade with the ASEAN stood at 2.51 trillion yuan (2 billion) in the first seven months, up 6.6 percent year-on-year, data from the General Administration of Customs showed.
China's stock market is currently the third-largest globally, but the percentage of stocks held by foreign investors has for years stayed around the 2 percent mark. Analysts believe the MSCI index inclusion effect will gradually drive more funds into Chinese stocks over the next few years.
