The new guideline, jointly released by the CBIRC and the China Securities Regulatory Commission, further clarified regulatory requirements for banks on compliance, equity management, information disclosure, and financial auditing.
The new plan will spur huge amounts of investment, up to at least 10 trillion yuan (.58 trillion), said Liu Guoqing, chief analyst of machinery industries at Pacific Securities. Investments into Xiongan should be at least comparable to the Binhai New Area in Tianjin, which was established in 2009 and has seen about 1 trillion yuan of investment in each of the past nine years, he said.
The new support package also includes targeted cuts in banks' reserve requirement ratios and other monetary policy tools.
The new VAT cut policy will save 23.11 million yuan for Shenyang Blower Works Group Corporation this year, according to Dai.
The new trade zone will attract more Chinese investment for all the benefits that it produces, and thus open a new chapter for China-Africa trade and economic cooperation.
The new regulation on domestic waste management in Shanghai, which came into force from July 1, has opened the doors of opportunity for businesses, especially those dealing with trash bins and related products.
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The new headquarters, with capacity for 1,200-1,600 employees, will coordinate its business within the Asia-Pacific region, as well as develop new markets and segments through further diversification.
The new board will feature a registration-based listing system that prioritizes information disclosure, according to CSRC. "Responsibilities of issuers and other relevant entities in information disclosure shall be strictly exercised," it said.
The new plant is expected to lay a good foundation for expanding production capacity in China.
The new policies will improve the monetary policy transmission mechanism and buffer any economic slowdown, said Ma.