NOVEMBERASIA BUSINESS OUTLOOK9China's outstanding structural monetary policy tools totaled 7.018 trillion yuan ($959 billion) at the end of September, according to the central bank, up 2percent from 6.78 trillion yuan at the end of June. The People's Bank of China (PBOC) has expanded its basket of structural policy tools, including lending and rediscount facilities, as well as other low-cost loans, but analysts say it is now limited in how much it can ease monetary policy due to concerns about stoking capital flight and harming the yuan.To help the economy recover after a brief COVID rebound, the PBOC reduced the amount of cash that banks must hold as reserves for the second time this year in September, boosting liquidity.Thanks to a slew of policy support, the world's second-largest economy grew faster than expected in the third quarter, raising the prospect that Beijing will meet its 5 percent growth target this year.On Tuesday, China's top legislative body approved 1 trillion yuan in sovereign bond issuance, which officials said will help the economy recover, as policymakers continue to face multiple headwinds, including persistent drag from the property sector. The lunar tech startup Qosmosys, based in Singapore, has announced a $100 million seed funding round. In a recent statement, it said that the seed capital infusion enables the company to accelerate its strategic objectives, solidifying its standing as a leading private participant in the developing moon economy.The development of ZeusX, the company's lunar transportation vehicle, and auxiliary technologies meant to support various lunar applications will receive the majority of the funding. Additionally, it stated that this funding is a strong indication of the strong faith that a notable group of private investors has in the goals, objectives, and creative potential of Qosmosys.Qosmosys said that the company continues to draw investment thanks to a distinctive and protective funding model--an approach that is first in the industry. The framework accepts a small group of investors and protects the interests of all stakeholders in advance of a projected initial public offering (IPO) no later than 2028.Francois Dubrulle, CEO of Qosmosys, stated, "This historic investment represents a turning point for both Qosmosys and the larger space exploration sector. We are deeply grateful for the unwavering commitment demonstrated by our investors, who share our belief that the moon presents boundless possibilities, not only for democracies around the world but for the betterment of humanity as a whole." CHINA'S MONETARY POLICY TOOLS VALUED AT CNY 7TSPACE TECH STARTUP QOSMOSYS ANNOUNCES SEED ROUNDNEWSROOM
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