Market Wait-And-See Sentiment Continued To Decline

The latest appointment of Trump is not only China's high concern, but also the global media has expressed anxiety.

Is the Sino US trade war inevitable? The recent negative expression of the US President - elect Trump to China, especially the latest appointment of the hardliners of China to the National Trade Commission, has triggered concerns over the global media.

Trump appointed Peter Navarro as the head of the new US government's state Trade Commission in December 21st.

This man has always been tough on China, and criticized the Chinese government in his works.

When Chinese Foreign Ministry spokesperson Hua Chunying held a regular press conference, the first question was to respond to this.

She said: "like everyone else, we are closely monitoring the pition team of President elect Trump and its possible policy direction in the future.

I want to emphasize that China and the United States, as two big powers, have broad common interests.

It is the only right choice for both sides.

It is hoped that the United States will work together with China to safeguard the healthy and stable development of Sino US relations, including the economic and trade relations between the two countries. This is in line with the common interests of the Chinese and American peoples and beneficial to the development and prosperity of the world.

In December 22nd, the British Broadcasting Company BBC issued a question "do Trump really want to trade a war with China?" and thought Peter Navarro would be mainly responsible for reducing the Sino US trade deficit. According to what Peter Navarro had said before, he had a strong or unavoidable attitude toward Huaqiang.

The United States also issued a comment on the headlines.

The latest appointment has made people increasingly feel that his tough stance on China is "serious".

"I think the Trump administration's China policy will face major challenges, but I don't think Trump's brain has turned the corner on this issue," said Ian Bremmer, President of Eurasia Group, an American policy consultancy.

He added: "compared to trade conflicts, I am more concerned about Trump's policy on Taiwan."

The future of Trump team

Yesterday, US stocks fell below the uncertainty.

However, the trend of RMB against the US dollar continues to decline.

The S & P 500 index initially fell 4.22 points, or 0.19%, at 2260.96 points.

The Dow Jones Industrial Average fell 22.95 points, or 0.12%, at 19919.01 points.

The Nasdaq composite index fell 24.01 points, or 0.44%, at 5447.42 points.

As for the RMB against the US dollar, the offshore renminbi declined to 190 points against the US dollar in the late trading session of New York, and the refreshing date was as low as 6.9500 yuan.

According to the Federal Reserve estimates, half of the eight largest banks in the United States need to issue about $50 billion in new debt to meet the new requirements of the Total Loss Absorbing Capacity/TLAC.

The total annual capital expenditure of the eight banks will increase by 6.8-20 billion.

Fed officials refused to name the four banks whose convertible bonds were insufficient.

Wells Fargo said in November that it expected to issue at least $29 billion in bonds to meet the new rules.

In December 15th, the Federal Reserve approved a requirement that Wall Street bank be prepared to spend 70 billion dollars on the money needed to "fall".

The Fed estimates that four banks (not specifically specified) need to raise about $70 billion of unsecured debt and capital before the January 1, 2019 deadline, while the other four have reached the target.

Yellen, chairman of the Federal Reserve, said, "this requirement means that taxpayers will be better protected because big banks have to reserve funds for their own failures.

The aim is to prevent a repeat of the 08 year financial disaster by ensuring that large companies can absorb more losses, even after they fail. "

Yellen called it "one of the last key safeguards" after the financial crisis.

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