China will help A-share listed companies affected by tariffs to cope with difficulties

China securities regulator head:

• Says US tariffs will have bigger impact on A-share listed companies with bigger share of exports to US

• Will help a-share listed companies affected by tariffs to cope with difficulties

• Says will support mergers and acquisitions among listed companies

Earlier:

• PBOC Governor Pan says world is full of uncertainties – cuts rates
• PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
• People’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)

• PBOC governor says will lower interest rates on structural policy tools by 25 bps

This article was written by Eamonn Sheridan at www.forexlive.com.