China Communist Party's Commission For Deepening Reforms: Approves Proposals For Further Deepening Reform Of Oil And Gas Markets; Wants To Strengthen The Construction Of Production, Supply, Storage And Marketing Systems;
Portfolio Pulse from Charles Gross
China's Commission for Deepening Reforms has approved proposals for further deepening reform of oil and gas markets. The commission aims to strengthen the construction of production, supply, storage, and marketing systems. It also plans to deepen reforms of the electric power system.
July 11, 2023 | 11:29 am
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NEUTRAL IMPACT
The reform of oil, gas, and electric power systems in China may impact the iShares China Large-Cap ETF (FXI), which includes companies from these sectors.
The reforms in China's oil, gas, and electric power systems could lead to changes in the market dynamics and profitability of companies in these sectors. As FXI includes large-cap Chinese companies from these sectors, it could be impacted by these reforms.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The United States Natural Gas Fund (UNG) could be impacted by China's deepening reform of the oil and gas markets.
China's reforms in the oil and gas markets could affect global oil and gas prices, which in turn could impact the performance of UNG, an ETF that tracks the price of natural gas.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The United States Oil Fund (USO) could be impacted by China's deepening reform of the oil and gas markets.
China's reforms in the oil and gas markets could affect global oil prices, which in turn could impact the performance of USO, an ETF that tracks the price of oil.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60