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The Peoples Bank of China (PBOC) announced today that it conducted 15 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 15 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.July 8th - Bank of Japan (BOJ) loan growth in June hit its fastest pace since the COVID-19 pandemic, indicating that credit channels remain open and the BOJ still has room to raise interest rates further. According to a report released by the BOJ on Wednesday, seasonally adjusted bank loans excluding trusts rose 6.3% year-on-year in June, the strongest growth since August 2020. The BOJ stated that the growth was mainly driven by loans related to mergers and acquisitions, real estate, and economic recovery. These figures reinforce the BOJs assessment that financial conditions remain accommodative even after Governor Kazuo Ueda raised the benchmark interest rate to its highest level since 1995 last month. While the latest loan data may not yet reflect the impact of the June rate hike, policymakers have repeatedly cited financial conditions as a key indicator for assessing whether further rate hikes are warranted. Strong loan demand suggests that higher borrowing costs have not dampened business investment or household activity, strengthening the argument that the economy can withstand further policy normalization. This is consistent with the BOJs latest Tankan survey, in which the corporate financial conditions index improved for the first time in a year. Large companies reported an improved environment for commercial paper issuance.Reserve Bank of Australia Assistant Governor Hunt: Some economic costs are unavoidable, and all policymakers can do is seek a balance.The main contract for the container shipping index (European route) has extended its intraday gains to 3.00%, currently trading at 2532.0 points.According to The Information: Nvidia (NVDA.O) and AI chip startup d-Matrix are integrating hardware into a new system to support the operation of AI models.

Singapore Exchange and the New York Stock Exchange join forces for dual listings and ETFs

Charlie Brooks

Jul 22, 2022 11:19

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Singapore Exchange (OTC:SPXCY) Ltd (SGX) said on Friday that it would partner with the New York Stock Exchange to provide dual listing of companies on both exchanges. This will provide access to worldwide investment opportunities on the two largest marketplaces.


According to a joint statement, the two stock exchanges will also study the introduction of more exchange-traded funds (ETFs) and new environmental, social, and corporate governance (ESG) products and services.


"It seeks to develop a more integrated ecosystem to ease access to capital and the production of new investment solutions to suit the growing complexity of market participants' and investors' expectations," said SGX Chief Executive Officer Loh Boon Chye.


"Dual listings between the NYSE and SGX Group provide issuers with access to capital pools in significant markets outside of their home regions," the two bourses said.

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