China offers financial support to Guangdong-Macao In-Depth Cooperation Zone in Hengqin and Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in Qianhai. #China#HongKong#Macau
China central bank says to facilitate credit financing for Hong Kong residents and cross-border investment and financing for Hong Kong enterprises. #China#HongKong#Macau
China central bank says to support Hong Kong in building itself into an asset management center, and deepen financial market and infrastructure connectivity between Shenzhen and Hong Kong. #China#HongKong#Macau pbc.gov.cn/goutongjiaoliu…
China Seeks Extra Scrutiny of Ford-CATL Deal on IP Concerns: BBG #China#US#CATL#Ford
China will scrutinize Ford Motor Co.’s recent agreement with Contemporary Amperex Technology Co. Ltd. to ensure the Chinese battery giant’s core technology isn’t handed over to the US carmaker: BBG cites people familiar #China#US#CATL#Ford
While Beijing is pleased the deal showcases China’s prowess in the EV battery space, officials are concerned that competitive aspects of CATL’s technology could be given to or accessed by the American automaker, the people said. #China#US#CATL#Ford
Fed's Mester: Fed Has No Intention of Changing 2% Target, Would Oppose Such a Shift. Sustainable Fiscal Environment Important over Longer Run. Does Not Expect the US to Fall into Recession. #Fed $USD
Fed's Mester: Expect Growth Well Below Trend in 2023, Not Recession. Retail Sales Data Show Some Slowing, Economy Resilient. #Fed $USD
Fed's Mester: As Fed Sets Policy Will Be Very Attuned to Incoming Data. Labor Force Growth Key to Economy's Long-term Health. May Take a Year Before See Full Effects of Rate Hikes. #Fed $USD
FED'S MESTER SAW 'COMPELLING' CASE FOR 50-BP HIKE AT LAST MTG.
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Fed’s Mester sees the need for rates to get hiked further, favored 50bp in Jan.
$USD #Fed
Fed’s Mester: Fed Has More Work to Do to Control Inflation. Fed Will Need to Go Above 5% and Stay There for a While. Transition Back to Price Stability Will Bring Some Pain. How Far Fed Goes Above 5% Depends on Data. Upside Risks to Inflation Remain in Place.
$USD #Fed
$TIGR, $FUTU reverse premarket losses to trade positive after China securities regulator updates rectification of illegal cross-border business development of overseas licensed institutions.
China securities regulator says core requirement for rectification of illegal cross-border business is banning opening of new accounts from mainland Chinese investors while allowing existing investors to continue to conduct transactions through original institutions.
$TIGR $FUTU
China securities regulator CSRC: Concerned that some media reports are not objective and true. Related securities companies are implementing relevant rectification requirements and have stopped opening new accounts.
$TIGR $FUTU csrc.gov.cn/csrc/c100028/c…
China Top 100 Developers See Jan Sales -32.5% Year on Year: CRIC #China#property
China's Top 100 developers see Jan sales at 354.29 billion yuan, down by 32.5% year-on-year and 48.6% month-on-month: CRIC #China#property
CRIC: China's property market supply and demand and transactions will not show obvious signs of warming up in short term and overall sales will remain low. #China#property