Alternative yuan funding for trade with China could help ease the demand for U.S. dollars for other imports, an effect that would particularly benefit South Korea and Indonesia, which have faced dollar shortages, a Citi note observed Tuesday.
One Chinese newspaper said the government was considering the launch of a trillion-yuan fund to help build affordable homes.
Earlier this year, the marvellously named Credit Equals Gold No. 1 fund, a three-billion-yuan fund that was marketed in China in 2010, was bailed out after it was unable to repay its investors.
It's also teamed up with IKEA on a 100 million yuan ($14.8 million) fund for third-party developers, which will enrich Xiaomi's inventory as consumers in China may soon be able to buy many Xiaomi-powered furniture from the Swedish retailer.
The company will host a special shareholders meeting on Wednesday to vote on its 120 billion yuan ($16.9 billion) fund-raising plan.
After warning enterprises against conducting large-scale share issues, the Chinese government is reportedly putting further roadblocks in the way of Ping An Insurances 120 billion yuan ($16.8 billion) fund-raising plan.
Ping An, China's second-largest insurer, was in the spotlight on a news report in the South China Morning Post that it plans to move forward with an aggressive 160 billion yuan ($22.86 billion) fund-raising plan once market conditions improve.
After Chinas securities regulator advised retail investors to vote against mass-scale share issues at shareholders meetings, Ping An Insurance said on Tuesday it may halt its 120 billion-160 billion yuan ($16.8 billion-$billion-$22.4 billionising plan, which had dismayed many of its investors.
Pastor Bao Guohua, his wife Xing Wenxiang, and five church employees have been accused of embezzling hundreds of thousands of yuan in funds from the Holy Love Christian Church and of "distorting the truth to incite social unrest," according to local media reported by the BBC.
And yuan-denominated funds may eventually be opened to non-Chinese investors.No one does indiscriminate bullishness better than the private-equity industry.
Its latest dollar and yuan-denominated funds have raised $2.4 billion and $1.6 billion respectively.A big reason for this success is Hony's political connections.
