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March 20th news, the liquidity of Hong Kong stocks has improved significantly this year. Data shows that as of the close of March 19, the average daily trading volume of Hong Kong stocks this year was about HK$184.092 billion, an increase of 136.87% compared with HK$77.718 billion in the same period last year. In fact, in order to improve the liquidity of the Hong Kong stock market, the Hong Kong Stock Exchange is planning a number of measures, including optimizing the public shareholding, lowering the upper limit of the public offering call-back mechanism, implementing a reduction in the minimum price this year, and making technical preparations for the implementation of the inclusion of RMB trading counters in the Hong Kong Stock Connect, and improving the trading unit system. Wang Yajun, co-head of equity capital markets for Asia (excluding Japan) at Goldman Sachs, said: "The recent reforms in the Hong Kong market are in line with the trend, responding to the industrys call, improving market efficiency, and sending positive signals. It is expected that there will be more reform measures in the future, such as relaxing industry listing restrictions."The Hang Seng Index in Hong Kong opened at 24,753.15 points, down 17.99 points, or 0.07%, on March 20 (Thursday); the Hang Seng Technology Index opened at 6,031.56 points, down 9.63 points, or 0.16%, on March 20 (Thursday); the CSI 300 Index opened at 9,158.29 points, down 5.38 points, or 0.06%, on March 20 (Thursday); and the H-share Index opened at 4,009.36 points, down 9.37 points, or 0.23%, on March 20 (Thursday).USD/CNY reported 7.1754, up 57 points (RMB depreciation); EUR/CNY reported 7.8457, down 176 points; HKD/CNY reported 0.92353, up 7.5 points; GBP/CNY reported 9.3586, up 138 points; AUD/CNY reported 4.5770, up 10 points; CAD/CNY reported 5.0283, down 25 points; JPY/CNY reported 4.8498, up 309 points; RMB/RUB reported 11.6215, up 2967 points; NZD/CNY reported 4.1918, up 13 points; RMB/RMB reported 0.61569, down 21.7 points; CHF/CNY reported 8.2009, up 62 points; SGD/CNY reported 5.4089, up 66 points.The central parity rate of the RMB against the US dollar was lowered by 57 points to 7.1754 from the previous day. The central parity rate depreciated to the lowest level since January 20, 2025, and the decline was the largest since December 3, 2024.On March 20, according to the Kyiv Independent, Ukrainian President Zelensky confirmed that several new Western F-16 fighters have arrived in Ukraine, but did not disclose the exact number. "More F-16 fighters have arrived in Ukraine. The Russians lied that they shot down something there, and they didnt shoot down anything. The good news is that several F-16 aircraft have arrived in Ukraine," Zelensky said. Earlier in the day, Russian media claimed that an F-16 fighter was shot down in Sumy Oblast, which the Ukrainian Air Force denied.

Taiwan Threatens WTO Action As China Suspends Importation of Grouper Fish

Aria Thomas

Jun 13, 2022 11:48

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Saturday, Taiwan's government threatened to take China to the World Trade Organization after China blocked imports of grouper fish from Taiwan, citing the presence of banned chemicals. This is the latest agricultural dispute between the two countries.


Last year, China stopped imports of Taiwanese pineapples, sugar apples, and wax apples, alleging insect problems, which Taiwan vehemently rejected.


Relations between Taipei and Beijing, which claims democratically governed Taiwan as its own territory, are at their lowest level in decades, with China intensifying political and military pressure on the island to recognize its sovereignty.


China's customs department announced late Friday that it had repeatedly identified illegal substances in Taiwanese grouper and would suspend their import beginning Monday "to prevent dangers and protect consumer health and life."


Chen Chi-chung, minister of agriculture for Taiwan's Council of Agriculture, denied the accusation, stating there was nothing wrong with the fish and that Taiwan will supply China with data and request a response.


He told reporters that Taiwan would not rule out pushing the issue to the WTO if China did not reply.


According to Cabinet spokesman Lo Ping-cheng, China has frequently boycotted and blocked Taiwanese agricultural and aquatic exports "in a manner inconsistent with international norms."


This not only damages relations between Taiwan and China, but also increases the Taiwanese public's displeasure with the Chinese Communist Party's arbitrary suppression of Taiwan.


The majority of Taiwanese grouper is consumed domestically, while China accounts for almost 90 percent of exports.