4hw.com.cn: Yi Gang, governor of the people's Bank of China, announced 12 key points of measures for opening up the financial industry. The daily quota of Shanghai Shenzhen Hong Kong stock connect has been quadrupled since May 1. On April 11, Yi Gang, governor of the central bank, announced a number of major opening measures for the financial industry at the Boao Forum for Asia today.
Key points of the speech of the Boao Forum:
1. China does not have any quantitative easing zero interest rate policy
In China, it is prudent monetary policy. We don't have any quantitative easing or zero interest rate policies. Now the main central banks are tightening interest rates, starting to expand, and also reducing the balance sheet. We have been expecting such policies for a long time, and we are ready for them. In the short term, we pay attention to the normalization of monetary policy, and are ready for prudent monetary policy.
2. In the future, benchmark interest rate and market interest rate will be combined into one market interest rate
The central bank wants to slowly let the two track interest rate be more determined by the market, and expects to combine the two tracks into one in the future.
3. From May 1, the daily quota of Shanghai Shenzhen Hong Kong stock connect will be quadrupled
From May 1, the mainland and Hong Kong will expand the amount of interconnection, which will quadruple the daily amount of stock market interconnection. At present, the preparations for the Shanghai London Stock connect between China and the UK are progressing smoothly, striving to open it in 2018.