Since the beginning of the year, China’s economy has maintained a positive trajectory of recovery and structural improvement despite a complex and challenging external environment and tasks of reform, development and stability at home. From the production perspective, supply has continued to expand, while the industrial structure has undergone faster upgrading driven by greater self-reliance…
BEIJING — China’s Ministry of Housing and Urban-Rural Development on Friday released a revised draft regulation on the management of the housing provident fund, in a bid to better meet homebuyers’ diverse housing needs. The draft revision, issued to solicit public opinion, seeks to expand the fund’s usage from home purchases and rentals to cover…
China’s securities regulator will continuously enhance regulatory mechanisms for algorithmic trading and effectively prevent the abuse of technological advantages as part of broader efforts to promote the high-quality development of the fund industry, China Securities Regulatory Commission Chairman Wu Qing said on Saturday. Speaking at the fourth members’ congress of the Asset Management Association of…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] The global use of the renminbi continued to expand between February and April compared with the preceding three-month period, according to Standard Chartered’s revised Renminbi Globalization Index, which rose from 212.1 in January to 224.8 in April. The increase…
BEIJING — China will further refine regulatory mechanisms for program trading and step up efforts to build first-class investment institutions, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), on Saturday. With a greater emphasis on fairness and standardization, efforts will be made to effectively prevent the abuse of technological advantages and resolutely…
Amid intensifying geopolitical tensions, and escalating technology and trade restrictions, a growing number of central banks are turning to diversified reserve assets such as gold, moving away from an overwhelming reliance on dollar-denominated instruments, market analysts said. The trend is visible in a report released by the European Central Bank earlier this week, which said…
Pedestrians walk past an outlet of Bank of Nanjing in Nanjing, Jiangsu province. [Photo provided to China Daily] Since the beginning of 2026, a number of small and medium-sized Chinese banks have increased their registered capital through share issuances and capital injections to enhance risk resilience and improve their capacity for sustainable development and support…
Renminbi assets are increasingly viewed as a must-have component of globally diversified portfolios, with China’s competitive edge in the artificial intelligence supply chain, improving corporate earnings and a strengthening yuan making the Chinese market difficult to overlook, said executives and analysts. Janice Hu, China country head of UBS and chairperson of UBS Securities, said that…
China has rolled out its first top-level roadmap for the high-quality development of the private fund sector, underscoring the country’s focus on addressing risks in the industry while enhancing its role in supporting technological innovation. The guideline, released by the State Council on Friday, sets out a comprehensive framework to strengthen regulation, prevent financial risks…
The People’s Bank of China, the country’s central bank, unveiled draft rules to update the regulatory framework for renminbi deposit and lending rates on Friday, marking a fresh step in the country’s efforts to deepen interest rate liberalization reform. According to the draft rules, administrative controls over deposit and lending rates have been fully removed,…