Month: March 2019
Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we
re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.
On Monday, individuals in China were able to purchase bonds issued by t
he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N
ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc
ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.
The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu
ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno
wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.
back the motion. Richard Harrington, who resigned as a junior business minister, accused the government of “playing roulette with the lives and liveli
hoods of the vast majority of people in this country” by failing to resolve Britain’s Brexit impasse.
The government said it was disappointed by the vote, claiming it “upends the balance
between our democratic institutions and sets a dangerous, unpredictable precedent for the future.”
But it also conceded that the new votes might be a way to break the months-long Brexit gridlock. May said she would “engage
constructively” with the results of the process, though sahe said she was skeptical that it would produce a decisive result.
The move raises the chances that Britain will tack toward a softer Brexit, and is likely to be welcomed by th
e EU. Guy Verhofstadt, the European Parliament’s Brexit coordinator, tweet that it was an “opportunity to build a cross-party coope
ration leading to an enhanced political declaration & a closer future relationship!”Earlier in the day, May ack
nowledged, “with great regret,” that her deal still lacked “sufficient support” to be approved as of Monday.
ping via livestreaming services could completely and truly demonstrate the detailed infor
mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.
Zeng added that the consumers’ demands have become more p
ersonalized and diversified. “They have higher requirements for high-quality and cost-effe
ctive products, which brings out huge opportunities for cross-border e-commerce industry.”
It is noteworthy that the post-90s generation favor niche
and designer brands, and also are addicted to livestreaming videos, Zeng said.
Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.
By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83
countries including the United States, the United Kingdom, Japan, South Korea and Australia.
video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.
It also plans to tap into the social e-commerce sector, which is currently in its testing phase.
Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new
format could display the commodities in more dimensions and increase users’ trust.
Cao Lei, director of China E-Commerce Research Center, said this method could attract consume
rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto
med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.
“Immediate feedbacks could be given to merchants based on users’ instructions. Through their
mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”
China’s cross-border e-commerce sector has been growing rapid
ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.