Wu Qing, chairman of the China Securities Regulatory Commission, visited Paris and Rio de Janeiro from Monday to Thursday, meeting with local financial regulators and institutional investors to advance bilateral cooperation and promote the opportunities in China’s capital market. During the visit, Wu held bilateral meetings with leaders from the Autorité des Marchés Financiers, France’s…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — China’s yuan-denominated loans rose 14.97 trillion yuan ($2.11 trillion) in the first 10 months of the year, central bank data showed on Thursday. Of the total, household loans grew 739.6 billion yuan, while loans to enterprises and public institutions increased…
China would benefit from fine-tuning its fiscal system, moving the focus of taxation from factories to consumers, a move analysts say would help dismantle local protectionism and accelerate the development of a unified national market. Currently, value-added taxes — the largest source of tax revenue — are collected where goods and services are produced, said…
BlackRock CCB Wealth Management and China Construction Bank have called for stronger long-term capital support to drive China’s pension finance sector, highlighting in a recently released white paper that a stable and transparent capital market is vital for promoting long-term investment, building wealth and ensuring a resilient pension system. By the end of 2024, the…
An exhibitor from Ghana wearing traditional attire beats a drum on Thursday while promoting local craft items at the China Yiwu International Commodities Fair — Import Goods Exhibition in Yiwu, Zhejiang province. The three-day exhibition, which runs through Saturday, showcases products from Thailand, BRICS nations, and sister cities in 17 countries and regions. LYU BIN/FOR…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s aggregate social financing and broad money supply posted steady growth in October, official data showed Thursday, reflecting continued accommodative monetary policy aimed at supporting the real economy. According to preliminary statistics, the country’s aggregate social financing — the…
China is an important participant in global agricultural trade and will continue to deepen mutually beneficial cooperation with its trading partners, said the Ministry of Commerce in a weekly news conference. In response to a question regarding agricultural trade with the United States, He Yadong, the ministry spokesman, said that China has released information on…
China will sharpen its implementation plans for the 10 flagship “Export to China” initiatives, step up organizational support and broaden platforms for commercial engagement through country-themed matchmaking, regional cooperation events, links with key trade fairs and targeted procurement programs, said the Ministry of Commerce. Speaking at a weekly news conference in Beijing, ministry spokesman He…
[Photo/Agencies] China has urged the Dutch government to demonstrate a genuine willingness to cooperate with China and promptly advance substantive proposals to resolve the issues regarding Nexperia, a Chinese-owned semiconductor company based in the Netherlands, the Ministry of Commerce said. Following China’s agreement to a request by the Dutch Ministry of Economic Affairs to send…
The recent Chile Week China 2025 has yielded fruitful results in strengthening economic and trade cooperation between Chile and China. This year’s event celebrated the 55th anniversary of diplomatic relations and the 20th anniversary of the free-trade agreement between the two nations. During the event, several agreements were signed to foster bilateral cooperation. In Tianjin,…