Chinese Equity Markets Surged On Plans Of A New Stock Exchange

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

On Monday, Chinese stocks rose sharply, led by technology stocks, as news of a new stock exchange in Beijing and other market-friendly sentiments from government officials buoyed investor sentiment. The stock market in Hong Kong was also up.

Chinese equities jump on plans of a new exchange
At the end of the morning session, the CSI300 index was up 1.9% to 4,936.15 points, with the Shanghai Composite Index gaining 1% to 3,618.31 points. The Hang Seng index increased 0.5%, with the Hong Kong China Enterprises Index also increasing by 0.4%.

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Over the weekend, China unveiled plans for the new Beijing Stock Exchange, which would be based on New Third Board (NTB). Following the announcement, index-tracking key companies listed on Beijing’s NTB jumped over 12%. Interestingly, Shanghai’s STAR Market and Shenzhen’s start-up board ChiNext were both up by over 2%.

In a note, Citi said, “We believe the new Beijing Stock Exchange (BSE) offers a reassuring message that China will continue to support technologically innovative small- and medium-size enterprises (SMEs) to tap capital markets for financing. We think the pre-planned messages from senior financial officials reaffirming the opening of financial markets and liberalization agenda are also intended to allay concerns on whether China’s capital markets are still investible for foreign financial institutions (FIs).”

The government wants to support the private economy
Chinese Vice Prime Minister Liu He stated that there is a need to support the private economy. Liu added, “Guidelines and policies for supporting the private economy have not changed…and will not change in the future.”
The official China Daily reported that financial regulators and central banks vowed over the weekend to enhance the financial sector’s opening level through institutional arrangements optimization and regulation enhancement.

Following the announcement, the financials and energy subindices in Hong Kong rose 0.6% and 0.7%, respectively. BYD Co Ltd gained 5.7%, becoming the Hang Seng Index’s top daily gainer after the carmaker increased its new energy vehicle sales volume.

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Mauritius Qualifications Authority renews RPL Support Scheme

Mauritius: The Recognition of Prior Learning (RPL) Support Scheme, a process to officially recognise and validate competencies gained outside the formal education and training system for the purpose of certification, was renewed yesterday, between the Human Resource Development Council (HRDC) and the Mauritius Qualifications Authority (MQA), during a ceremony held at the Shri Atal Bihari Vajpayee Tower, in Ebène. The event was followed by a workshop on Portfolio Development for 100 new potential candidates.

Dominica: PM Roosevelt Skerrit welcomes Mexican delegation AMEXCID

Dominica: Dr Roosevelt Skerrit, the Prime Minister of the Commonwealth of Dominica, received a group from the Mexican Agency for International Development Cooperation (AMEXCID) led by its Executive Director, Dr Laura Elena Carrillo Cubillas, and extended a warm welcome on March 23, 2022.