China will establish a national venture capital guidance fund to bolster the development of innovative enterprises, the country’s top economic regulator said on Thursday, as the country looks to foster new quality productive forces and pursue innovation-driven growth. “In the near future, we will establish a national venture capital guidance fund, with the goal of…
An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech heavyweight Baidu Inc plans to issue about 10 billion yuan ($1.4 billion) of bonds offshore, according to a report from Bloomberg. The deal will consist of a 5-year note to yield 2.6 percent to 2.8 percent, and…
China has sufficient fiscal policy tools and ample flexibility to effectively respond to potential domestic and external uncertainties, Minister of Finance Lan Fo’an said at a news conference on Thursday. China has opted for a more proactive fiscal policy this year, aimed at achieving annual targets and strengthening the drivers of medium and long-term development,…
During the campaign to use financial tools to support the development of the real economy, Qilu Bank has become a representative example for supporting the development of small and micro-sized enterprises through practical action. At the end of last year, a Jinan resident surnamed Qiao, a small business owner in Changqing district engaged in the…
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China will focus on policy reinforcement and expanding trade in services to stabilize foreign trade in 2025, said the country’s top commerce official on Thursday. Speaking at an economy-themed news conference in Beijing during the ongoing two sessions, Commerce Minister Wang Wentao emphasized government’s commitment to tackling challenges while fostering high-quality trade development. New supportive…
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CNOOC Limited announced on Thursday that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin. The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an…
Copyright 1995 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested…