The multifunctional Electronic Fence account for the Hainan Free Trade Port offers benefits like integrated domestic and foreign currency accounts, seamless cross-border fund flows, the application of the offshore RMB exchange rate and limited permeability between domestic and overseas funds, providing convenience for cross-border enterprises and individuals. From its launch in May last year to…
An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23. LI JUNQIN/FOR CHINA DAILY As Chinese companies expand their reach amid the advancement of strategies like the Belt and Road Initiative, demand for new financial services has risen, including reinsurance, or, insurance provided to insurers.…
Offset paper futures and options start trading on the Shanghai Futures Exchange on Sept 10. [Photo provided to China Daily] The Shanghai Futures Exchange has marked yet another major step forward in internationalization. It has from Sept 10 started listing offset paper futures and options, the first such financial derivatives for the cultural paper industry.…
BEIJING – China’s financial sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), with banking assets nearing 470 trillion yuan ($66.2 trillion) at the end of June this year to rank first globally. It has maintained the world’s largest foreign exchange reserves for a 20th consecutive year, and secured its second-place standing…
Chinese policymakers could put more days off into people’s hands, as the relatively scarce paid vacation days may be out of step with the needs of a consumption-driven economy that Beijing has been pursuing, analysts said. Services consumption — including travel, dining, cultural experiences and sporting events, among others — requires not just disposable income,…
BEIJING – The People’s Bank of China (PBOC), which is the country’s central bank, on Monday conducted 300 billion yuan ($41.2 billion) of 14-day reverse repos, in the first such operation since it adjusted the tool’s bidding rules last week. The operation was carried out through fixed-volume, interest rate tenders with multiple bid prices, the…
BEIJING — China expects the European Commission to work with China to resolve mutual concerns through dialogue and consultation, thereby creating an open and stable market environment for industries from both sides, the Ministry of Commerce said Thursday. Ministry spokesperson He Yadong made the remarks while responding to questions concerning Spanish reports which suggested that…
The Agricultural Development Bank of China has issued loans of over 120 billion yuan ($16.9 billion) to the country’s seed industry since the beginning of the 14th Five-Year Plan period (2021-25), according to the bank. The loans have provided policy-backed financial support to tackle bottlenecks in germplasm resources and advance the seed industry’s sci-tech self-reliance,…
Share – WeChat Visitors view pottery exhibits during the 22nd China-ASEAN Expo in Nanning, South China’s Guangxi Zhuang autonomous region, Sept 20, 2025. The expo opened to the public on Saturday. [Photo/Xinhua] 1 2 3 4 5 6 7 Next >>| Tanks to chinadaily.com.cn Please visit: Our Sponsor
The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. [Photo/ Xinhua] BEIJING — China’s Ministry of Commerce said on Saturday that China’s position on the TikTok issue is clear, emphasizing the Chinese government’s respect for the will of enterprises. The ministry highlighted that…