Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Trade war has limited impact on China financial markets: regulator

Published 05/27/2019, 07:59 AM
Updated 05/27/2019, 08:00 AM
© Reuters. Investors look at an electronic board showing stock information at a brokerage house in Shanghai

BEIJING (Reuters) - A trade war with the United States has had a limited impact on China's financial markets and its effects will be "even smaller" in the future, China's chief financial regulator said in a interview with state television broadcast on Monday.

China's stock and foreign exchange markets have not panicked amid the escalating trade war, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), said in the interview with broadcaster CCTV.

Guo, who is also the Communist Party official overseeing the People's Bank of China (PBOC), said the government has never taken measures to deliberately devalue the currency and reiterated that speculative short sellers would suffer "heavy losses" if they bet against the yuan.

Latest comments

Trade has been ongoing for century. Past present and future will still be the same....
China's delusions and baloning sense of self importance is getting uglier by the day .
China is a raising super power. In the next 10 years, China will elipse all economies. China has 1.4B consumers, so it is obvious they will become king.
China won this war
China won hands down. See who is deciding not to talk? China is walking away while Trump is trying to get them back on the trading table. China will wait it out if they need, but Trump has a clock ticking on him.
wise man
China is down across the board. They sell junk. BTW, rents/Tariffs are due soon, that'll be another $100 Billion. ,Ha ha, get real, the article sounds like high school kid at CNN
Americans are the ones paying the tariffs at the end, not China. Companies will start to raise prices soon, and consumers will have to pay. With 60% of US having less than $400 in the bank, is going to hurt across the board. Americans depend on credit card debt and very little savings. It will be a challange for Americans as this trade war goes on. Once price starts to go up, spending goes down, companies make less, then layoffs begin. Then the cycle begin to the down side, and we might be in a big big recession this time. So it is best that a trade war works out soon, so expect hardship to begin.
I told you...China has a strong market. China will win this trade war, cause Trump doesn't understand economic and hiw resilience the China market is. Is not easy to win against China. China plays the long game, Trump only has months to make a deal or we say bye bye to him.
Completely disagree; tariffs will raise the price of products which will reduce demand. lower demand will then translate to lower economic growth, higher unemployment, and lower inflation.
Only if it’s a free market, remember Chinese financial market is controlled by CCP, when it tanks, CCP forbid anyone selling your holdings, they also have a government backed fund actively engaged in popping up the stock market when there’s selling pressure. The market is rigged by the government, so don’t touch it, their aim is to attract foreign capital to pop up their market, but they place many restrictions on trade and your ability to withdrawl
Chinese stocks has the most value right now. When we have a trade deal, all of them will pop pop pop big to the upside. Lots of value if you want to make money.
potentially, but just remember markets can stay irrational longer than most can stay solvent
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.