The RRR cut and liquidity injection may further narrow the interest rate spread between China and the US, especially given that there may still be one more rate hike by the US Federal Reserve this year, Zhang said.
The RRR cuts have helped meet the liquidity demand of the banking system, boost support for small businesses, cut the social financing cost, promote the market-oriented and law-based debt-to-equity swaps, the central bank said.
The SIP's role as a bridge linking domestic and overseas markets is not only exemplified by foreign companies' footprint, but also the increasing number of domestic companies looking to invest abroad, officials said.
The Seoul-based Yonhap news agency, citing an unidentified official at the Pohang office, reported the district court's decision to freeze 81,075 of the 2.34 million shares. Yonhap said the asset freeze will become effective after a related court document is delivered to the joint venture.
The ROK's Foreign Minister Kang Kyung-wha held talks with US Secretary of State Mike Pompeo over the phone for 25 minutes earlier in the day, according to the Ministry of Foreign Affairs.
The Prime van sits high above Seattle. (GeekWire Photo / Kurt Schlosser)
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The SCO has set a model for a new type of international relations with the characteristics of mutual respect, justice and win-win cooperation, he added.
The Seattle metro area’s office market continues to heat up, with rents increasing and vacancies dropping, according to a new report out by?Cushman & Wakefield. In fact, the red-hot tech market is responsible for much of the action, driving an office market that is outpacing much of the rest of the country.
The Rhode Island Department of Health (RIDOH) announced the state's first presumptive case of COVID-19 in a statement Sunday morning.
The Police Benevolent Association and the Sergeants Benevolent Association (SBA) accused local politicians of tying the hands of police. Union leaders also mentioned cuts in the police budget and bail reform laws that make it easier for those charged with crimes to quickly return to the streets.