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China's central bank launched its first swap program on Wednesday to transform 1.5 billion yuan (3 million) of perpetual bonds into central bank bills, a measure to support recapitalization for commercial banks and cushion risks, according to an official statement.
China's central bank governor Zhou Xiaochuan said at an internal meeting on Monday that financial regulators need to prevent financial risks more proactively and effectively, to balance with economic growth.
China will further simplify the process to set up foreign-invested enterprises to promote its high-standard of liberalization and facilitation of trade and investment, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.
China will play a critical role in Swiss firm Georg Fischer Ltd's goal for profitable expansion through to 2020, according to its President and CEO Yves Serra.
China's A-share market is expected to regain its upward momentum in the second quarter of the year with the recovery in domestic economic conditions as well as global investor sentiment, analysts with CITIC Securities said in a report.
来源：资阳报