Xi Jinping Makes His First Known Visit To China's Central Bank Since He Became President
Portfolio Pulse from Charles Gross
Chinese President Xi Jinping has made his first known visit to the country's central bank, the People's Bank of China (PBOC), since he assumed office. This visit is seen as a sign of his focus on the economy.
October 24, 2023 | 9:07 am
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NEUTRAL IMPACT
President Xi Jinping's visit to the PBOC indicates a heightened focus on China's economy, which could impact the iShares China Large-Cap ETF (FXI).
The visit of President Xi Jinping to the PBOC is a significant event, indicating a potential shift or increased focus on economic policies. As FXI tracks the performance of large-cap Chinese companies, any significant changes in China's economic policies could impact the performance of these companies and, consequently, the ETF. However, without specific policy changes announced, the impact remains uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75