Core Viewpoint - The Central Bank of Bosnia and Herzegovina (CBBiH) emphasizes the importance of maintaining independence and stability in the face of global economic challenges, while also focusing on the need for effective policy responses to ensure long-term economic development and financial stability in Bosnia [1] Group 1: Economic Development and Challenges - The CBBiH President, Selimovic, participated in a forum discussing economic development trends under the latest global circumstances, highlighting the challenges posed by interest rate changes and inflation pressures [1] - The discussion centered on the impact of global transformations on Bosnia's economy, indicating that the country's economic growth is closely tied to global economic developments [1] Group 2: Policy Responses and Financial Stability - Selimovic outlined the CBBiH's economic forecasts and the central bank's approach to using policy tools to address current economic conditions, aiming to maintain economic stability [1] - The central bank is committed to continuously monitoring global market dynamics and adjusting its focus to enhance the resilience of Bosnia's financial system [1]

Core Viewpoint - The bond market's custody balance has surpassed 190 trillion yuan, marking a significant milestone in China's financial market development and signaling three positive trends [1]. Group 1: Direct Financing and Economic Structure - The scale of direct financing for the real economy continues to rise, with the bond balance accounting for 28.6% of the total social financing stock as of the end of July [2]. - The development of the bond market has reduced financing costs and improved efficiency for enterprises, particularly benefiting those with good credit ratings [2]. - The rapid growth of medium- and long-term bonds helps match the funding needs of the real economy, alleviating risks associated with mismatched loan terms [2]. Group 2: Financial Institutions and Market Resilience - The large bond market plays a crucial role in the multi-layered capital market, with over 190 trillion yuan in custody indicating its systemic importance [3]. - The expanding bond market alleviates asset allocation pressures for financial institutions and enhances market depth and liquidity [3]. - A larger and more liquid bond market provides a reliable pricing anchor for the financial system and improves the efficiency of monetary policy transmission [3]. Group 3: Wealth Management and Asset Allocation - The bond market's growth has strengthened its connection with residents' finances, providing essential channels for wealth preservation and appreciation [4]. - The market-driven formation of bond interest rates influences the returns on savings and wealth management products, promoting the marketization of deposit rates [4]. - The bond market's custody balance exceeding 190 trillion yuan reflects significant progress in building a multi-layered capital market in China [4].

Core Viewpoint - The Bank of Canada asserts that the Canadian financial system is resilient and that banks possess strong capabilities to handle periods of stress [1] Group 1 - The Canadian financial system is characterized by its resilience, indicating a robust infrastructure capable of withstanding economic pressures [1] - Canadian banks are well-equipped to manage challenges during stressful times, reflecting their strong operational frameworks and risk management practices [1]