The People's Bank of China, the central bank, along with other ministries and financial regulators, rolled out 30 policy measures. These injected sufficient liquidity into the country's financial markets. It also instructed commercial banks to offer favorable lending rates to companies actively engaged in the fight against the epidemic. Among the measures used were monetary instruments like the medium-term lending facility and a re-lending program of the central bank.
The Party convened a plenary meeting of its central committee in October 2014 to further promote the rule of law. It was the first time that a plenary session of the CPC Central Committee had taken this topic as its central theme.
The People's Bank of China and the State Administration of Foreign Exchange on Tuesday unveiled new rules with immediate effect for the QFII and RQFII programs, which provide financial institutions with quotas for inbound investment.
The Political Bureau of the Communist Party of China (CPC) Central Committee reviewed a plan on Thursday on continued efforts in poverty alleviation.
The QFII scheme represents the country's effort to allow licensed foreign investors to invest in its capital market. The RQFII program allows institutional investors with offshore renminbi deposits to invest in its onshore market.
The SPC circuit courts are permanent trial courts set to exercise power on behalf of the SPC. Circuit court judgments and decisions are equal to those made by the SPC.
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The S&P 500 decreased 140.85 points, or 4.89 percent, to end at 2,741.38. The Nasdaq Composite Index dipped 392.20 points, or 4.70 percent, to 7,952.05.
The Philippine government under Duterte launched the anti-drug campaign when he assumed the presidency on June 30, 2016.
The ROK side reportedly planned to send a notice accepting the dialogue overture.
The People's Bank of China will likely shift its policy focus to long-term economic resilience from short-term pressures, as the central bank seeks to navigate the economy through protracted challenges, experts said on Friday.