– Financial markets around the world are waiting with bated breath for the reopening of the handbags in China after week Black and a Friday in free fall. Everyone hopes that the giant almond eyes manage to curb volatility. Meanwhile, to support the lists of Shanghai and Shenzhen , Beijing is preparing measures to pour more liquidity in the markets and counter the waves of sales. All eyes are also on the Fed.
One of these measures is the green light to Pension funds that Monday will invest in financial markets. According to the prospectus published by the State Council of the People’s Republic on the website of the government, the pension funds will be allowed to invest in shares amounting to 30% of the capital of the fund.
Also on the line to create liquidity, according to the Wall Street Journal, the Chinese central bank would be ready to make banks more liquid by reducing the amount of reserves that institutions are required to hold as security for creditors.
According to rumors, the People’s Bank may reduce by half a percentage point the relationship between investment and capital. The decision, according to the American press, would be waiting for the end of August or at the latest in early September and could free up 678 billion yuan or $ 106 billion.
The Chinese Consob then decided Friday to put under observation sales, particularly on the part of those members who violate the limits on sales of shares required by company rules.
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