The Shanghai FTZ has eased FX conversions for personal accounts, lower entry requirements for the interbank bond market have been set for non-financial institutions and the SPC has equally recognized both domestic and foreign independent guarantees
The State Council has promoted replicating FTZ reforms on a national scale, filmmaking approval requirements have been relaxed and the MOF and SAT have allowed banks to deduct deposit insurance premiums before tax
Chinese President Xi and U.S. president-elect Trump spoke of strengthening ties, PRC steelmakers were leveled EU tariffs, major cities said only local residents can drive for car-hailing apps and the Shenzhen-Hong Kong Stock Connect was discussed