The CFETS said the new formula would allow dealers to incorporate a "counter cyclical factor" into the existing formula to "appropriately hedge against the pro-cyclical fluctuation in market sentiment and alleviate the potential for herd behavior in the forex market."
The Bank of China building stands in the Central business district in Hong Kong. [Photo/Agencies]
The CLI for all OECD economies was slightly up at 99.1 points while indicators of the major seven economies -- the United States, Japan, Canada, France, Italy, Germany and Britain -- pointed to stable growth momentum.
The CCDI also warned officials against taking festival celebrations as an excuse to lobby their superiors for promotions.
The CNBC article also noted that the rising business interest in China contrasts with an increasingly tense geopolitical environment.
The British nuclear regulator has begun the GDA for the HPR1000 nuclear technology that is proposed for the new nuclear power station at Bradwell in Essex.
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The CIA had reservations about the move, saying it would increase risks for US troops without doing much more to damage the Iranian economy, according to The Wall Street Journal.
The CRC attributes the surge in railway passenger transport to the four-day May Day holiday. [Photo/IC]
The Beijing-based company in recent weeks has been in talks with bankers about the feasibility of tapping the public markets for cash in the second half of 2018, people familiar with the matter told the Journal.
The CCDI will fight corruption in selection and appointment of officials, government approval and supervision, resource exploitation, finance, and other key areas prone to corruption.