Statement from China's top brass now out on the wires 22 Aug 2016
- will support commercial banks to replenish capital
- govt to push fwd with reform of fiscal, financial mechanisms in an orderly manner
- will maintain appropriate monetary and financial environment
- will encourage qualified firms to issue local and foreign ccy bonds overseas
- aims to reduce tax burden on firms by more than 500bln yuan per year in next 1-2 years
- will strengthen anti-monopoly, IPR regulations
Nothing too much of note that I can see here on fist read through.
