BEIJING — China recently submitted to the World Trade Organization a position paper outlining its stance on WTO reform under the current circumstances, the Ministry of Commerce said Thursday. It is the first policy document China has submitted to the WTO since the launch of the necessary WTO reform process in June 2022, which comprehensively…
BEIJING — In 2025, China saw a strong expansion of green loans, channeling more financial resources into low-carbon sectors and providing solid momentum for accelerating the country’s green economic and social transition, the central bank said. The balance of China’s green loans in local and foreign currencies stood at 44.8 trillion yuan (about $6.46 trillion)…
BEIJING — In 2025, China saw a strong expansion of green loans, channeling more financial resources into low-carbon sectors and providing solid momentum for accelerating the country’s green economic and social transition, the central bank said. The balance of China’s green loans in local and foreign currencies stood at 44.8 trillion yuan (about $6.46 trillion)…
BEIJING — China’s central bank and three other government departments have issued a guideline to establish a regular financial support mechanism to help prevent a relapse into poverty and advance all-around rural revitalization, the People’s Bank of China (PBOC) said on Saturday. The guideline, jointly released by the PBOC, the National Financial Regulatory Administration, the…
BEIJING — China’s Ministry of Commerce on Friday urged efforts to restore the smooth, stable operation of the global semiconductor supply chain, after a Dutch court announced a ruling related to semiconductor manufacturer Nexperia. A spokesperson for the ministry made the remarks when asked to comment on the Dutch Enterprise Chamber’s recent decision to launch…
BEIJING — Chinese regulators on Friday released the latest list of domestic systemically important banks, consisting of 21 lenders. Among these are six State-owned commercial banks, 10 joint-stock commercial banks and five urban commercial banks, according to the list released by the People’s Bank of China and the National Financial Regulatory Administration. The regulators divided…
Net inflows of foreign direct investment to China quadrupled in 2025 according to balance-of-payments data, official figures showed on Friday, signaling a structural improvement in inbound investment and renewed confidence in China’s long-term growth prospects. Preliminary balance-of-payments data from the State Administration of Foreign Exchange showed that China recorded an increase of $76.5 billion in…
China can reasonably target nominal GDP growth of around 5 percent during the 15th Five-Year Plan (2026-30) period, a pace that would support its 2035 goal of reaching the per capita GDP level of moderately developed economies, according to a renowned economist. “Aiming for such a target will require a shift toward higher-quality growth, stronger…
An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23. LI JUNQIN/FOR CHINA DAILY China’s asset management industry is entering a decisive new phase, pivoting away from breakneck expansion toward quality-driven growth and refined operations. This shift, analysts said, will lay the foundation for…
Skyscrapers at Victoria Harbour are illuminated by the afternoon sun. ANDY CHONG/CHINA DAILY Hong Kong’s appeal as a world hub for asset and wealth management continues to strengthen, with the number of single-family offices in the special administrative region seeing robust growth in the past two years. Senior government officials and industry experts said the…