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Analysts said liquidity conditions will likely remain tight in China as the authorities will continue with a prudent monetary policy to curb financial risks and asset bubbles, which means the fundraising cost for domestic companies will stay at a relatively high level. They added that the expectation of a stronger yuan will also encourage more companies to raise dollar-denominated bonds in overseas markets.

Andrew Leung Kwan-yuen. [Photo by Roy Liu/China Daily]

And Wang knows a thing or two about bridges.

Analysts say the interest rate reform will lower financing costs for small and private companies and encourage investment in the manufacturing sector.

Andreas Mundt, president of Bundeskartellamt, said in a statement that Amazon’s “double role as the largest retailer and largest marketplace has the potential to hinder other sellers on its platform.”