Ballast Stone
The central bank said on February 4 that the benchmark deposit interest rate, the “ballast stone” of the entire interest rates system, will be retained for the long term.
In a statement released after a teleconference on deposit management, the People’s Bank of China (PBC) stressed the externalities of deposit rate pricing, noting that the competition order
in the deposit market is closely related to the vital interests of the people.
Deposit management by the PBC has yielded positive results in recent years by pushing the self-discipline mechanism for market interest rate pricing, as well as regulating the innovative products.
The PBC urged further efforts to improve deposit management, strengthen the regulation of nonstandard innovative products and maintain the competition order in the market. superchargers, mainly the V3 model, at the initial stage.
The company claimed a V3 supercharger can add 250 km of range by charging for 15 minutes.
Previously, Tesla’s superchargers used in China were imported from the United States.
The company said the opening of its supercharger plant in China will contribute to the popularization of its V3 supercharger in the country.
Tesla has opened more than 730 supercharging stations across China.
Central Depository & Clearing Co. Ltd. showed. The volume marked an increase of 5.96 percent from the end of 2020.
Market transactions were also robust, with trading volumes amounting to 588.3 billion yuan ($90.95 billion) in January.
The growing appetite among global investors since 2020 stemmed from China’s stable economic recovery, widening spread of Chinese 10-year government bonds over their U.S. counterparts, as well as a firming yuan, according to Zheng Kuifang, an analyst with the China Construction Bank.
Overseas investors will likely plow 1.2 trillion yuan ($185 billion) into China’s bond market in 2021, according to Liu Linan, head of Greater China Macro Strategy at Deutsche Bank.
By the end of 2021, the share of foreign holdings in yuandenominated bonds will increase to 3.3 percent from the current 2.9 percent, while the share of foreign holdings in China’s treasury bonds will rise to 12 percent from the current 9 percent, he predicted.