China has officially banned onshore activities related to real-world asset tokenization — the act of converting asset rights into tokens or certificates via encryption, distributed ledger or similar technologies — as part of broader efforts by regulators to crack down on illegal activities, contain financial risks and impose clearer rules on emerging digital asset activities…
CAI MENG/CHINA DAILY As China enters 2026, the first year of its 15th Five-Year Plan (2026-30) period, the country’s economic debate is undergoing a quiet but significant shift. The focus is no longer narrowly on how to sustain headline growth, but increasingly on how such growth is generated, distributed and anchored in social realities. Recent…
China’s foreign exchange reserves increased for the sixth consecutive month in January to a new decade high, official data showed. The reserves rose to $3.3991 trillion as of the end of January, up 1.23 percent or $41.2 billion, from the previous month, the State Administration of Foreign Exchange said on Saturday. The $3.3991 trillion in…
China will support the growth of data circulation service providers and encourage closer cooperation with artificial intelligence companies, as part of a broader push to accelerate the market-based use of data as a production factor, several top industry regulators said on Saturday. The National Data Administration — together with the Ministry of Industry and Information…
For the first time, China has clarified regulatory requirements that real-world asset (RWA) tokenization activities are prohibited onshore, while subjecting related overseas activities by onshore entities to stringent regulatory oversight, according to a notice released on Friday. The China Securities Regulatory Commission and the People’s Bank of China — together with six other central government…
A merchant (left) from Tashkent, capital of Uzbekistan, shows customers building materials on Dec 12, at his store in Guangyuan, Sichuan province. The merchant said his products were not only sold in Tashkent, but also shipped to multiple markets across Uzbekistan. Xinhua China became the largest trading partner of Central Asian countries in 2025, with…
Two-thirds of China’s provincial-level governments have moderately lowered their GDP growth targets for 2026, even as they emphasized boosting domestic demand and fostering emerging industries, a move that analysts said reflects a pragmatic and proactive stance aimed at promoting high-quality development. The shift has increased the likelihood of China setting its real GDP growth target…
Three central government agencies introduced a new duty-free policy on Thursday that allows residents of the Hainan Free Trade Port to purchase imported consumer goods tax-free, a move aimed at boosting the port’s development and easing local living costs. The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration jointly issued…
China’s official gold reserves rose in January despite an increase in gold prices, extending a 15th consecutive month of buying streak, as the country continued to diversify and optimize its international reserves, official data showed on Saturday. Gold reserves stood at 74.19 million ounces at the end of January, up 40,000 ounces from a month…
In a move to fend off financial risks, China clarified its regulatory stance on onshore entities’ overseas activities related to virtual currencies, including stablecoins, bringing these activities under strict oversight while reaffirming its stringent ban on such onshore activities. The People’s Bank of China, together with the China Securities Regulatory Commission and six other central…