The Fed has also stressed the sustainability of its quantitative easing measures in the longer horizon, as indicated by the bond purchase guidance, said Ming Ming, an analyst with CITIC Securities. Although the US central bank has not changed the scale and period of purchasing Treasuries, the new statement will extend the market's expectation on the accommodative monetary policy and avoid panic from monetary tightening, Ming said.
The Hong Kong-Zhuhai-Macao Bridge promotes the development of the Greater Bay Area. [Photo by Wang Shanglin/For China Daily]
The House passed the bill, known as a continuing resolution, with a vote of 343-67, sending it to the Senate for approval.
The HKMA and MAS will collaborate on a number of initiatives, including joint innovation projects, referrals of innovative businesses, information sharing and exchange of expertise, to facilitate financial innovation in Hong Kong and Singapore, the HKMA said in a press release.
The Guangdong foreign affairs office is providing the latest news of the epidemic's status, and detailing measures the province has introduced to fight the infection.
The FBI said the suspect was in custody and was being questioned, adding they were investigating the attack with the help of their Canadian counterparts.
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The Guanyun County People's Court in Jiangsu Province teamed up with a local telecommunication operator to design a "special ringtone" for local "laolai" (those who avoid repaying their debts).
The FTZ also plans to set up express services for companies from Hong Kong and Macao to pay taxes and register real estate.
The Guangdong provincial capital and birthplace of the ancient Maritime Silk Road is projected to become one of the global leading players in the sectors of next generation information technology, artificial intelligence and biomedicine, or IAB.
The Hong Kong government also draws attention to its high-end maritime service. It established the Hong Kong Maritime & Port Board in 2016, which takes charge of driving the city's growth of high value-added and professional maritime services, and helping them with transformation and upgrading.