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Chinese conglomerate HNA has cut its stake in Deutsche Bank to 7.9 percent, according to a US regulatory filing.
Chinese central bank governor Yi Gang announced on Wednesday morning a slew of detailed measures to further open up the country’s financial market, as a timely response to President Xi Jinping’s keynote address delivered at the Boao Forum for Asia on Tuesday.
Chinese lenders recorded net foreign exchange sales of .1 billion in the first quarter, down 50 percent from the deficit during the same period last year, the State Administration of Foreign Exchange said on Thursday.
Chinese regulators have accelerated the introduction of the pilot program to allow overseas-listed companies to return to the domestic market. Media reports, citing people close to the CSRC, said that the first CDR issuer will likely be approved by the regulator within a month.
Chinese indigenous brands like the one Zhang is now using, Herborist, have begun to attract more attention and sell better as they not only using TCM as a strong selling point but also remain relatively cheap.
来源：资阳报