China to improve stock market operations - Asia Times
China will increase its efforts to deepen reform and the opening-up of its stock markets and remove institutional barriers that hinder the free flow of factors to lay a solid foundation for the high-quality development and the building of a modernized economic system, according to a document issued by the Communist Party of China (CPC) Central Committee and the State Council on Thursday. Efforts will be made to nurture new industries, businesses and models of the digital economy and support the utilization of data in fields including agriculture, industry, transport, education and urban management. From Friday, China’s commercial banks will be allowed to participate in treasury bond futures business and use financial tools to manage their interest rate risks. Property sales targets. Forty Chinese property developers expected their sales for 2020 would be less than 14% on average, the lowest in recent years, the China Securities Journal reported.