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China will speed up the drafting of overseas investment regulations

So says a senior commerce ministry official. Reuters reporting 27 Dec

  • China will speed up drafting regulations on overseas investment as sectors such as property investment have shown irregularities

Zhou Liujun told state-owned news agency China News Service there were many risks underlining the huge surge in overseas investment this year and some firms were making "big-volume" deals abroad even as they faced mounting debt that exceeded their total assets.

From Jan-Nov 2016 China's non-financial outbound direct investment soared 55.3% to yuan 1.07trln from a year earlier.

Once again illustrating that you can't always have your cake and eat it.

Fx markets today doing very little as expected.

Current levels: EURUSD 1.0450 GBPUSD 1.2267 USDJPY 117.30 USDCHF 1.0281 AUDUSD 0.7190 USDCAD 1.3530

My cue to head out of here. Enjoy the rest of your day . I believe Adam and/or Greg will stick their head around the door later. See you all tomorrow.

In a year of notable and sad losses on the music scene we had another just before Xmas, the guitarist and legend that was Rick Parfitt of UK band Status Quo. I saw them at the Kursaal Ballroom in Southend back in the 70's . Masters of 3-chord rock, sometimes even 2 ! RIP Rick. Rest well now.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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