Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING – The People’s Bank of China (PBOC) has conducted the first operation of the Securities, Funds and Insurance companies Swap Facility (SFISF), aiming to leverage the role of financial institutions better in stabilizing China’s capital market, according to…
Reports assessing the investment environment of the newly added BRICS members have been released for the first time, ahead of the gathering of leaders in Kazan, Russia, for the 16th BRICS Summit, the first summit after the expansion of the grouping in January. The assessments on the countries were jointly released on Monday by Dagong…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The Swift International Banker’s Operation Seminar 2024 (Sibos 2024) opened Monday in Beijing, a milestone demonstrating the country’s openness in the finance sector as it is the first time the Chinese capital has hosted the event. Over…
A view of an exhibition held during Sibos 2024 in Beijing on Monday. CHENG GONG/FOR CHINA DAILY China’s monetary policymakers are likely to continue next year to prioritize revitalizing market expectations for the ailing property sector and an undervalued capital market to help bring about a steady economic recovery, economists and market mavens said. Such…
Employees work on a BMW assembly line in Shenyang, Liaoning province. CHINA DAILY SHENYANG – German carmaker BMW Group’s joint venture in China on Monday kicked off a geothermal energy project aimed at realizing 100 percent non-fossil energy heating for its factories in Shenyang, capital of Northeast China’s Liaoning province. Under the project, BMW Brilliance…
The Global Ecological Governance (Nansen) Conference is held in Beijing on Oct 16-18. [Photo provided to chinadaily.com.cn] The Global Ecological Governance (Nansen) Conference was held in Fengtai district in Beijing on Oct 16-18. Jointly organized by Beijing Forestry University and the Beijing Forestry Society, the conference brought together hundreds of global experts to Beijing to…
Containers carrying goods for export are seen in Qingdao Port, East China’s Shandong province. [Photo/VCG] The State Council, also known as China’s Cabinet, has recently rolled out regulations on the export control of dual-use items, which will take effect on Dec 1. The new regulations are not intended to prohibit exports of dual-use items, but…
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Pedestrians pass an office building of the Beijing Stock Exchange. [Photo/China News Agency] BEIJING – China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the “new third board,” a financing platform designed for SMEs. This initiative is outlined in a strategic cooperation…
A 500-kilovolt power grid project commenced operations in East China’s Jiangsu province recently, to address the surging power demand, marking the first of its kind in the region this year, said the project’s managing company State Grid Taizhou Power Supply Co. It will be the first 500 kV gas-insulated substation in Taizhou city, which is…