China's State Council Issues Guidelines On Promoting Private Economy, Will Continue To Break Down Barriers To Market Access; Council Will Encourage Private Firms To Revitalize Their Stock Of Assets
Portfolio Pulse from Benzinga Newsdesk
China's State Council has issued guidelines to promote the private economy, pledging to continue breaking down barriers to market access. The council will also encourage private firms to revitalize their stock of assets.
July 19, 2023 | 10:59 am
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The guidelines issued by China's State Council to promote the private economy and break down market access barriers may have a positive impact on the iShares China Large-Cap ETF (FXI), which tracks large Chinese companies.
The guidelines issued by China's State Council are aimed at promoting the private economy, which includes large-cap companies that the iShares China Large-Cap ETF (FXI) tracks. As such, the move to break down market access barriers and encourage firms to revitalize their assets could lead to improved performance of these companies, potentially boosting the value of FXI.
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