"US Congress Stops Libra" Selected as First (2019) Top Ten International Financial Policy

According to the China Banking Insurance News Network, on January 17, the results of the first selection of the "Top Ten Financial Policies" jointly launched by Xinhua Finance and the "China Financial Policy Report" project were officially released. The three major achievements of the “Top Ten International Financial Policies”, “Top Ten Financial Policies in China” and “Top Ten (China) Regional and Local Financial Policies” were selected, covering domestic and overseas economic and financial development, financial market cultivation, and financial reform Financial policies with significant influence and promotion. Among them, the final results of the first (2019) top ten international financial policies are:

1. The Federal Reserve cut interest rates three times;

2. The European Central Bank announced a 10-basis-point rate cut to restart quantitative easing;

3. The International Monetary Fund issues a letter warning global financial vulnerability;

4. The Federal Reserve announced an extension of the repurchase program and expansion of the balance sheet;

5. The “Belt and Road” International Cooperation Forum released the “Belt and Road” debt sustainability analysis framework;

6. The European Union issues "30 Recommendations on Fintech Supervision, Innovation and Financing";

7. Japanese government launches large-scale economic stimulus plan;

8. US Congress suspends Libra;

9. Fed's Beige Book, warns of trade tensions and slowing global growth that weigh on the US economy;

10. Lagarde, the first head of the European Central Bank, faces economic challenges to boost the economy.