Note: from one law office
On 7 May 2020, the People’s Bank of China (“PBOC”) and the State Administration of Foreign Exchange (“SAFE”) issued the Provisions on the Administration of Fun...
Crude oil
Yesterday, Saudi Arabia announced that it will cut production by an additional 1 million barrels per day from June, and its exports may be less than 6 million barrels per day. We belie...
Crude oil
The plunge in freight rates promoted a rebound in oil prices, but the follow-up momentum was limited. In this round of oil price rebound, the plunge in freight rates may be an easily o...
Crude oil
There is a ceiling above, and the space for oil price rebound is limited. For WTI oil, the price of $25 per barrel is the current cash cost line for most shale oil producers. If ...
http://www.safe.gov.cn/en/2020/0507/1677.html
PBOC & SAFE Remove QFII / RQFII Investment Quotas and Promote Further Opening-up of China's Financial Market
In order to implement th...
Crude oil
We believe that the market's focus in May will be on the implementation of OPEC+ production cuts and the progress of unblocking in Europe and America in addition to the previous storag...
Crude oil
The market will swing between the limit of storage capacity and the expectation of supply clearance. During the May Day holiday, oil prices rebounded strongly, and the monthly di...
Crude oil
The number of floating warehouses has increased dramatically. In the short term, the downward pressure on contracts in current month is still unsolved. At present, the remaining glo...
Crude oil
The BOC crude oil ETF event will have a far-reaching impact and may change the structure of market participants. With the huge loss of BOC crude oil ETF, domestic supervision beg...
Market Summary:
Last week, there was generally decrease over the market. Shanghai SE Composite Index (000001.SH) changed -1.06 % to 2808.53. Specifically, small cap shares perform better than la...
Crude oil
The US crude oil prices have fallen into negative values in nearby month contracts. Yesterday, WTI prices fell sharply in nearby months before expiration, and fell to -37 USD per...
Market Summary:
Last week, there was generally decrease over the market. Shanghai SE Composite Index (000001.SH) changed 1.50 % to 2838.49. Specifically, large cap shares perform better than sma...