The People’s Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. “China will deepen the reform of small and medium-sized banks, accelerate the replenishment of their capital,” the PBoC added. “China will further open the credit rating sector, including foreign credit rating agencies conducting bond rating business and will step up crackdown on financial irregularities.” Market reaction These comments had no apparent impact on market sentiment. As of writing, major European equity indexes were up between 1.2% and 1.7% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Price Analysis: Rising odds for a move to 98.50 FX Street 3 years The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will deepen the reform of small and medium-sized banks, accelerate the replenishment of their capital," the PBoC added. "China will further open the credit rating sector, including foreign credit rating agencies conducting bond rating business and will step up crackdown on financial irregularities." Market reaction These comments had no apparent impact on market sentiment. As of writing, major European equity indexes were up between 1.2% and 1.7% on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
