China’s tax authorities have stepped up efforts to encourage residents to report overseas income, with continued guidance and reminders for taxpayers to review their foreign earnings from 2022 to 2024. According to the State Taxation Administration, tax officials have intensified awareness campaigns, urging residents to conduct self-assessments of their overseas income. The move aims to…
China promulgated on Friday the Administrative Measures for Special Anti-Money Laundering Preventive Measures, which will take effect on Feb 16. The measures require financial institutions to assume primary responsibility for implementing special preventive actions against money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction. Under the rules, financial institutions must…
China’s top securities regulator highlighted the importance of consolidating the positive momentum of market stability, strictly investigating and punishing illegal activities such as excessive speculation and market manipulation, and resolutely preventing sharp market fluctuations. At the 2026 work conference of the China Securities Regulatory Commission on Thursday, the regulator emphasized that while the overall capital…
China will assign a unique “digital identity” to every new-energy vehicle power battery to strengthen full-lifecycle supervision and promote safe, efficient recycling, the country’s top industry regulator said on Friday. The move is part of newly released regulations aimed at establishing a standardized system for handling retired batteries, as the country anticipates a massive wave…
China’s top financial regulator underscored the critical importance of strictly holding the bottom line of preventing major financial risks at the 2026 regulatory work conference of the National Financial Regulatory Administration on Thursday. The meeting called for strong, orderly, and effective efforts to advance the resolution of risks at small and medium-sized financial institutions, with…
Tourists visit the ancient Barkhor Street in Lhasa, capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn] LHASA — The regional gross domestic product of Lhasa, capital of Southwest China’s Xizang autonomous region, exceeded 100 billion yuan ($14.3 billion) for the first time in 2025, according to the city’s mayor on Wednesday. In 2025,…
China is expected to allow more local governments to review and approve projects funded by special-purpose bonds this year, analysts said, as policymakers vow to “halt the decline in investment and promote its recovery” amid a complex external environment. The analysts’ comments came after a yearlong pilot program that granted 10 provincial-level regions greater say…
Driven by both policy incentives and potential healthy returns, insurance funds have shown heightened activity in the equities market. In 2025, such funds triggered mandatory stake disclosures in listed companies at their highest frequency since 2016. Financial industry professionals expect insurance funds to further ramp up their equity exposure. Zhao Ran, an analyst at CSC…
China will cut interest rates on targeted monetary policy tools and expand related quotas to spur lending in key areas and improve market expectations, underscoring policymakers’ resolve to support a solid economic start to the 15th Five-Year Plan (2026-30) period, officials and experts said. Zou Lan, vice-governor of the People’s Bank of China, said on…
BEIJING — China and Canada both support economic globalization and trade liberalization, and share extensive common interests and huge potential for cooperation in economic and trade fields, a spokesperson for China’s Ministry of Commerce said on Thursday. China is expanding high-standard opening up, proactively aligning with high-standard international economic and trade rules, and steadily advancing…