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China rolled out guidelines in late April allowing foreign investors to set up securities trading firms with holding status as part of China's opening-up efforts in the financial sector.
China issued green bonds worth .5 billion in the first three quarters of 2018, surpassing the .9 billion issued in the same period of 2017. The amount of green bonds issued in the third quarter alone reached .5 billion, of which 49 percent is aligned with international green bond definitions, according to a newsletter released by China Central Depository & Clearing Co Ltd.
China saw booming NEV sales despite a sluggish automobile market.
China will continue to promote fair market competition in the financial sector. But some giant fintech groups are "hindering fair competition and obtaining excess returns", and taking advantage of "data monopoly", said the CBIRC chairman.
China is working to maximize investment returns of its foreign exchange reserves amid global economic downside risks, focus more on maintaining sufficient reserves and increase gold purchases to prevent market shocks, said officials and analysts.
