Authorities in China have urged internet platforms to improve price compliance and standardize pricing practices ahead of new rules on platform pricing taking effect on Friday. In a statement released on Thursday, the State Administration for Market Regulation, the National Development and Reform Commission and the Cyberspace Administration of China said they had held a…
China will maintain communication with the United States through existing economic and trade consultation mechanisms on issues of mutual concern, a spokesman for the Ministry of Commerce said on Thursday. He Yadong made the remarks in response to a question at Beijing a news conference on whether there are plans for China to further extend…
From left to right: Janice Hu, China country head, UBS AG, and chairperson of UBS Securities; Junjie Watkins, equity partner, Pictet Group, and CEO, Asia ex-Japan, Pictet Asset Management; Rogier Janssens, president of Merck China; Zhang Yifan, managing director of Lundbeck China. Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the…
A buyer tries on gold jewelry at a store in Weifang, Shandong province, on March 15. WANG JILIN/FOR CHINA DAILY China’s ramped-up increase in gold reserves — even as some central banks have turned to selling — may highlight its strategic, long-term approach to gold accumulation, aimed at buffering against risks and backing the renminbi’s…
BEIJING – Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 2.7 percent to 3,995 points. The Shenzhen Component Index closed 4.79 percent higher at 14,042.5 points. The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, gained 5.91 percent to close at 3,347.61 points. The ChiNext Index, together with the…
China’s top State assets regulator has set up a new bureau to more effectively monitor and regulate the overseas assets and operations of State-owned enterprises, highlighting the country’s efforts to enhance capital returns and strengthen risk management amid rising geopolitical uncertainties. The bureau will guide SOEs in international operations, including optimizing overseas asset allocation and…
A car refueling at a gas station in Guangzhou, on Tuesday. [Photo/VCG] China’s refined oil pricing mechanism is playing a crucial role as a “stabilizer” for the national economy, effectively cushioning the country against the impact of volatile international markets, industry experts said. As geopolitical tensions in the Middle East continue to disrupt global crude…
China’s major State-owned commercial banks recently launched new cross-border renminbi solutions, signaling a stronger push to internationalize the currency as global investors and policymakers increasingly look beyond a single-currency-dominated system amid mounting geopolitical uncertainty. Industrial and Commercial Bank of China unveiled its comprehensive cross-border renminbi financial solutions on Friday. The move implements key directives from…
With a stricter grip over insider trading and short-term speculation through enacting new regulations on short-swing trading, the A-share market will see its transparency and fairness levels further improved, helping to boost investor confidence and attract more long-term capital inflows, experts said. Their comments came after the China Securities Regulatory Commission’s rules on short-swing trading…
A cargo vessel loads in Qingdao Port, Shandong province. ZHANG JINGANG/FOR CHINA DAILY China will actively expand imports and promote balanced trade, as the country moves to turn itself into the “world’s market”, a consumption powerhouse that shares its massive potential of domestic demand with global businesses amid rising protectionism, experts and executives said. Earlier…