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4.37 million under temporary protection in April 2026

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China’s CPI up 1.2% in May

China’s consumer price index (CPI), a main gauge of inflation, rose 1.2 percent year-on-year in May, official data showed Wednesday.The core CPI, which excludes food and energy prices, increased 1.1 percent year-on-year, according to the National Bureau of Statistics.On a month-on-month basis, CPI edged down 0.1 percent in May, the data revealed.Wednesday’s data also showed…

China proposes broader use of housing provident fund for property fees, renovations

BEIJING — China’s Ministry of Housing and Urban-Rural Development on Friday released a revised draft regulation on the management of the housing provident fund, in a bid to better meet homebuyers’ diverse housing needs. The draft revision, issued to solicit public opinion, seeks to expand the fund’s usage from home purchases and rentals to cover…

CSRC chairman outlines strengthening oversight of algorithmic trading

China’s securities regulator will continuously enhance regulatory mechanisms for algorithmic trading and effectively prevent the abuse of technological advantages as part of broader efforts to promote the high-quality development of the fund industry, China Securities Regulatory Commission Chairman Wu Qing said on Saturday. Speaking at the fourth members’ congress of the Asset Management Association of…

Standard Chartered: Global renminbi usage rises in April, more than doubling in a decade

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] The global use of the renminbi continued to expand between February and April compared with the preceding three-month period, according to Standard Chartered’s revised Renminbi Globalization Index, which rose from 212.1 in January to 224.8 in April. The increase…

China’s securities regulator pledges to refine program trading, boost top-tier institutions

BEIJING — China will further refine regulatory mechanisms for program trading and step up efforts to build first-class investment institutions, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), on Saturday. With a greater emphasis on fairness and standardization, efforts will be made to effectively prevent the abuse of technological advantages and resolutely…