China's securities regulator to ease refinancing rules to help companies fight coronavirus

Eren Sengezer FXStreet

China Securities Regulatory Commission (CSRC) has announced that it will be easing refinancing conditions to help listed companies fight the coronavirus epidemic.

CSRC has said that it will halve the lock-up period for privately placed shares, as reported by Reuters.

Market reaction

This development doesn't seem to be having a significant impact on the market's risk perception. As of writing, the 10-year US Treasury bond yield was at 1.6% losing 1.55% on a daily basis while the USD/JPY pair was trading sideways below the 110 mark.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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