BEIJING — China Chengtong Holdings Group Ltd, a capital operation company under the country’s state-assets regulator, said that it has increased its holdings of exchange-traded funds (ETFs) and centrally administered State-owned enterprise stocks, in an effort to safeguard the stable operations of the capital market. In a Monday statement, the company said that it remains…
A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…
Lin-gang Special Area, launched in 2019 as part of the China (Shanghai) Pilot Free Trade Zone to better connect domestic and overseas markets, has deepened its two-way opening-up in a bid to address companies’ development needs and facilitate the area’s high-quality economic growth. One major step can be seen with Tesla’s energy storage facility in…
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This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings’ decision to downgrade China’s sovereign credit rating, describing the move as “biased” and “failing…
The United States’ “reciprocal tariff” policy may trigger disruptions to global industrial and supply chains, said industry associations, adding that such actions will harm the interests of businesses and consumers — including in the US itself. Hildegard Muller, president of the German Association of the Automotive Industry, said that the new US tariffs represent Washington’s…
A consumer browses infant formula at a supermarket in Shanghai in January. CHINA DAILY China Feihe Ltd, a leading infant formula brand in China, announced on March 26 that it will roll out a subsidy program aimed at improving birth rates nationwide in early April. The program will offer expectant families subsidies of at least 1,500…
UN Secretary-General Antonio Guterres (L) speaks during a press conference at the UN headquarters in New York, on Feb 28, 2025. [Photo/Xinhua] UNITED NATIONS – UN Secretary-General Antonio Guterres warns that “nobody wins in a trade war,” his spokesman said on Friday. Amid widespread opposition, US President Donald Trump on Wednesday signed an executive order…
A view of Nestle’s exhibition stand at the seventh China International Import Expo in Shanghai in November. CHINA DAILY Global food and drink company Nestle has acquired the remaining 40 percent stake in Chinese confectionery company Hsu Fu Chi from the founding Hsu family, giving it full ownership of the brand as part of efforts…
As the world grapples with rising unilateralism and protectionism, China said multilateralism is the inevitable solution to the challenges facing the world and the country’s door to the outside world will only open wider. It has also been reiterated that China’s policies to attract foreign investment have not changed and will not change. Speaking at…