Environment-friendly IPOS

China’s securities regulator, the China Securities Regulatory Commission (CSRC), said on February 8 that it will continue to support energy-saving and environmentally friendly firms that are in conformity with the nation’s industrial development policies to launch initial public offerings (IPOS) and grow through effective use of the capital market. The CSRC said that strategic emerging industries, including energy saving and environmental protection, are important aspects of structural reform. The CSRC has already introduced measures to broaden financing channels and lower financing costs, such as Shenzhen-hong Kong Stock Connect. By the end of June 2016, a total of 70 energysaving and environmental protection firms were listed on the SME board of the Shenzhen Stock Exchange, while 59 were listed on Chinext, China’s NASDAQ-STYLE board. economy will certainly help the yuan, as fundamentals are always the most important factor in currency movements; however, they take time to take effect,” said Stephen Simonis Sr., Chief Currency Consultant at FXDD Global. According to International Monetary Fund’s latest forecast, China’s GDP growth will stand at 6.5 percent on expectations of continued policy support. The country’s GDP grew 6.7 percent year on year in 2016, the lowest reading in nearly three decades, but within the government’s target range. China’s manufacturing sector expanded for the sixth month in a row, with the manufacturing purchasing managers’ index coming in at 51.3 in January, adding evidence that the world’s second largest economy is stabilizing amid uncertain global outlook.