China Eases Grip on Outflows, Lifts Outbound Investing Quota [Bloomberg Business News]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Bloomberg Business News
China granted additional quota for funds to invest in securities overseas for the first time in three years, easing capital curbs and further opening its $40 trillion financial sector. The Qualified Domestic Institutional Investor quota was bumped to $98.33 billion as of April 24 from $89.99 billion, the first increase since March 2015, data from the State Administration of Foreign Exchange showed on Wednesday. The change followed similar approvals , which more than doubled the quota for two outbound portfolio investments, announced earlier. A strengthening currency gave policymakers the confidence to allow more capital to flow out of the country, easing a policy of tough restrictions. The move also fits in with President Xi Jinping’s push for deeper integration with the global financial system, an initiative that’s seen China unveil plans to further open up to foreign competition even as trade tensions flared. “This shows the policy makers are no longer
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BNS
Earnings
- 2/27/24 - Beat
BNS
Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- BNS's page on the SEC website