China

On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.

New trading rules and self-regulatory guidelines are aimed at preventing excess speculation and promoting the development of the convertible bond market.

The PBOC will provide CNY 200 billion in funding to state owned banks, which will be tasked with financing the resumption of stalled real estate projects.

The listings mark the official launch of the China-Switzerland Stock Connect programme. More than ten other companies have disclosed plans to issue GDRs in Switzerland.

The annualised returns of the new ESG leading indices show "much better performance" than their parent indices, the SZSE said.

A pilot programme will expand the panda bond issuer base, introduce a frequent issuer programme, and reduce repetitive disclosures.

Financial institutions are asked to support private enterprises by helping them to issue bonds and increasing their investments in such bonds.

Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.

Banks are asked to provide financial support to businesses in the culture and tourism sectors that have been severely impacted by the pandemic.

New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.