China's national financial stability fund has accumulated a certain amount of capital with its initial framework established, marking a critical step for the country to strengthen its financial safety net against rising global financial fragility, experts said on Tuesday.

China's renminbi is expected to continue its steady rise in global use and play a bigger part in safeguarding international financial stability, as the country further advances its financial opening-up while deepening trade and investment cooperation, experts said.

Key takeaways Bank funding sources have been shifting: from cross-border to local funding, which enhances stability, and, within cross-border funding, from inter-office to unrelated sources, increasing volatility. Shifts in the funding mix of local banking systems stem from the declining share of foreign banking offices, which rely more heavily than domestic offices on cross-border and inter-office funding. The retreat of foreign banking offices has increased the concentration of nationalities in local banking systems, which is associated with heightened funding volatility.

Participants in the fourth China-Arab Trade and Investment Summit on Wednesday hailed cooperation between China and Arab nations, saying that it has displayed great vitality and resilience amid the uncertainty and instability in today's world.

Although the renminbi might continue to face downward pressures against the US dollar in the short term, the Chinese currency is capable of maintaining overall stability and may bounce back by the end of the year, currency market experts said on Tuesday.

The Banque centrale du Luxembourg (BCL) is today publishing the 2022 edition of its Financial Stability Review.

Steady credit growth, ample liquidity, sensible stimulus, price stability in focus.

The Bank of Japan decided to implement the following measures concerning the Securities Lending Facility (SLF) for 10-year JGBs #357, #358, and #359 for the time being, in order to ensure stability in the market by easing excessive tightening in supply and demand of Japanese government securities in the repo market. The changes below will be effective from September 1, 2022.

"Hong Kong dollar selling" amid U.S. interest rate hikes does not mean capital outflow, and will not affect the financial and monetary stability of Hong Kong, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government.

The Bundesbank will turn 65 on 1 August 2022.

China has preliminarily established the basic framework of a fund for ensuring financial stability and raised 64.6 billion yuan ($9.55 billion) in the first round of funding

More steps to spur infrastructure, manufacturing, investment coming