JPMorgan: Mainland China's capital flow policies have mixed effects, providing mild near-term support for the renminbi.

JPMorgan stated in a report that Chinese policymakers have introduced several regulatory updates affecting capital flows in recent months, including tighter rules on outbound investment. Overall, these measures include both relaxations and tightenings, exerting varied impacts on cross-border flows. JPMorgan views this as part of a broader effort to refine a comprehensive capital flow regulatory framework, rather than as a move aimed at restricting capital outflows. From a foreign exchange perspective, JPMorgan expects these latest changes to provide modest near-term support for the renminbi, although the medium-term impact remains unclear. Regarding the banking sector, JPMorgan believes Bank of China (03988.HK) will benefit from widening interest rate spreads on foreign currency deposits.

AASTOCKS12:34

Express News | Two key business licenses for bank wealth management quietly opened

Breakings12:08

Pan Gongsheng: Introduce Six New Policy Measures to Boost Medium- and Long-Term Capital Flows into Equity and Bond Markets

At the 2026 Lujiazui Forum, People's Bank of China Governor Pan Gongsheng announced six forthcoming supportive policy measures aimed at boosting medium- to long-term capital flows into the stock and bond markets. First, the short-end interest rate management framework will be enhanced. Building upon the existing temporary overnight repo and reverse repo facilities, the operational mechanism of these instruments will be refined, and their rates will be set at plus or minus 25 basis points relative to the 7-day reverse repo rate, narrowing the rate corridor from 70 basis points to 50 basis points. Additionally, the range of open market operation instruments will be further diversified, with timely introduction of new overnight reverse repo tenors to better align with the banking system’s short-term liquidity needs. Second, a central bank liquidity swap facility for foreign central banks will be established. Foreign central

AASTOCKS11:55

Express News | PBOC Governor Pan Gongsheng: Six banks, including ICBC, ABC, BOC, CCB, will be authorized to conduct offshore RMB foreign exchange trading via the China Foreign Exchange Trade System platform in the Shanghai Free Trade Zone.

Breakings10:39

Bank of China (03988) will pay the dividend on its third series of domestic preferred shares on June 29.

Bank of China (Stock Code: 03988) announced that the proposal titled 'Domestic Non-public Offering of Preferred Shares by Bank of China Limited' was approved at the bank's first extraordinary general meeting in 2019, authorizing the Board of Directors to declare and pay dividends on all such domestic preferred shares in accordance with the terms of the issuance agreement. The dividend distribution plan for the third tranche of domestic preferred shares (Shanghai Stock Exchange Preferred Share Code: 360033; Preferred Share Abbreviation: BOC Pref 3) was approved at the Board meeting held on April 29, 2026. The dividend payment date is June 29, 2026.

Zhitong FinanceJun 16 17:31

BANK OF CHINA: Announcement on Distribution of Dividends for Domestic Preference Shares (Third Tranche)

HKEXJun 16 17:29 · Announcements