12 Jun The Annual Conference of Financial Street Forum 2019 was held in Beijing at the end of May. People’s Bank of China (PBOC) president Yi Gang announced the availability of new stimulus totaling 300 BN Yuan after lowering local banks’ deposit reserve ratios from May – July 15th.
The main theme of the Annual Conference of Financial Street Forum 2019 (Beijing, May 29-30) was Deepening Financial Supply-side Structural Reform and Promoting High-quality Economic Development. People’s Bank of China (PBOC) president Yi Gang [https://en.wikipedia.org/wiki/Yi_Gang] announced a total stimulus of 300 BN Yuan. On May 15, the PBOC lowered the deposit reserve ratio on one thousand or more county-level financial institutions and will make targeted second and third reductions June 17th and July 15th. Vice Chairwoman of Securities Association of China Meng Youci [http://www.sac.net.cn/ljxh/xhld/ldmd/201506/t20150617_123044.html] announced the third draft of the Securities Law Amendment was open for public comment, April 26 – May 25th [http://www.law-lib.com/fzdt/newshtml/20/20190428092234.htm].