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INTEREST RATE LIBERALIZATION
Central Bank Reveals First Step to Unifying Benchmark, Market Rates
People’s Bank of China says interest rate liberalization now focuses on unifying ‘two tracks’ of loan rates
SOE REFORM
State Asset Chief Named China’s Top Market Regulator
Xiao Yaqing, who directed the State-owned Assets Supervision and Administration Commission, will now lead State Administration for Market Regulation
FIXING FINANCIAL MARKETS
China to Launch Cross-Market Bond Index Mutual Funds
Pilot program by central bank and securities regulator is a step to link the country’s segmented $13 trillion bond market
SOCIAL NETWORKING WARS
TikTok Owner ByteDance Unveils New WeChat Challenger
Flipchat offers instant messaging, group chat, video calling, personal updates even as market’s explosive growth cools
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