A large screen in Shanghai displays the stock market index on Aug 26. CHINA DAILY Confidence in China’s A-share market has strengthened, enhancing the capital market’s appeal and drawing quicker inflows from wealth management products, insurance funds and other institutional investors. With bank deposit rates still trending lower — some fixed-term deposits offering barely around 1…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China’s subsidized personal consumption loan policy came into effect on Monday, with multiple banks racing to roll out the measures as part of the government’s broader push to spur domestic spending. The plan, unveiled on Aug 12, marks the first time the…
A bronze bull stands outside the Shanghai Stock Exchange building in Shanghai. [Photo/VCG] China’s stock market ended mixed on Wednesday, with the benchmark Shanghai Composite Index down 1.16 percent to 3,813.56 points and the Shenzhen Component Index slipping 0.65 percent to 12,472. On the other hand, the ChiNext Index, which tracks growth-oriented companies on China’s…
Huangpu district, known as Shanghai’s “heart, window and calling card”, has achieved high-quality development, improved living standards and strengthened governance during the 14th Five-Year Plan period (2021-2025), steadily enhancing urban capacity and competitiveness, according to officials. As of the end of 2024, Huangpu’s GDP had reached 334.4 billion yuan ($46.88 billion), with an average annual…
Russian banker Alexander Vedyakhin says joint efforts by Russia and China in artificial intelligence could become the core of a new technological architecture that offers an alternative to Western centers of power. [Photo provided to chinadaily.com.cn] A leading Russian banker has insisted that, with their bilateral strength, Russia and China can expand cooperation in artificial…
Entrepreneurs from across the Taiwan Strait emphasized leveraging technological innovation to promote industrial integration during an economic and trade exchange event held in Weifang, Shandong province on Tuesday. The event saw six cooperation agreements signed between enterprises from Shandong and Taiwan provinces covering sectors such as eco-agriculture, new materials, e-commerce platforms and food processing. Chiao…
The ongoing rally in China’s A shares has underscored the importance of reform execution, and closing regulatory gaps further to safeguard market fairness and investor interest is vital to sustaining the bull run, said Liu Jipeng, a senior expert on the capital markets. “A slow bull trend has taken shape. The goal should be making…
MANILA — The Asian Development Bank (ADB) announced Tuesday the appointment of Asif Cheema as its new country director for China. Cheema will oversee ADB’s operations in China, including the implementation of the Country Partnership Strategy, which focuses on high-quality and sustainable development. Since joining the ADB in 2014, Cheema has held several senior positions…
Improved profits of listed companies, likely to be sustained by China’s supportive policies and economic recovery, will be an important driver of A-share market performance in the following months, experts said. The comments came after the average net profits of A-share companies rose 9.02 percentage points year-on-year to 2.43 percent during the first six months,…
Visitors wander along Zhongshan Road pedestrian street in downtown Xiamen, Fujian province, on Aug 22. ZHU WENQIAN/CHINA DAILY Gulangyu Island in Xiamen, East China’s Fujian province, has developed an economic sweet spot following the launch of the country’s first park-style marriage registration center at the tranquil destination known for its focus on culture, music and romance.…