, China

China reveals implementation plans for reforms

Interest rate liberalization to ensue.

According to BBVA, reinforcing expectations that China’s new leadership will press ahead with reforms, the State Council yesterday laid out plans for implementation during the rest of the year.

In addition to spurring private investment by streamlining the approvals process, the authorities emphasized their plans to press ahead with the reforms on the financial and fiscal fronts.

Here's more from BBVA:

The authorities vowed to push ahead with interest rate liberalization, increase the flexibility of the exchange rate, and further open the capital account by allowing individuals to invest overseas.

Regarding urbanization, the authorities pledged to reform the “Hukou” system (the rigid resident registry system) which should increase mobility to urban centers. The overall takeaway is a clear and welcome message of reform-oriented policies. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.