Finance


Foreign holding limits on financial firms lifted

CHINA scrapped the limitations on the ratio of foreign shareholding in securities and fund management firms yesterday, a move that shows wider opening-up of its financial industry. It gives foreign companies ...

April 2, 2020, Thursday


Smaller firms lagging in recovery

China’s manufacturing sector saw a limited rebound in March, according to a private survey released yesterday....

April 2, 2020, Thursday


City officials step up to help SMEs

Shanghai has undertaken numerous measures to help small and medium-sized enterprises resume operations amid the COVID-19 outbreak, such as offering loans totaling more than 30 billion yuan (US$4.25 billion),...

March 25, 2020, Wednesday


US Senate races to agree on massive relief plan

Republicans and Democrats in the US Senate on Saturday scrambled to complete a deal on a US$1 trillion-plus bill aimed at stemming the novel coronavirus pandemic’s economic fallout for workers, industries...

March 23, 2020, Monday


PBOC rate cuts pump US$78b to economy

To support the economy, China’s central bank announced it is implementing targeted reserve requirment ratio cuts for eligible banks beginning today....

March 16, 2020, Monday


Businesses to pay less for power

Shanghai has cut electricity and gas prices to support businesses during the coronavirus epidemic....

March 16, 2020, Monday


New policy for cross- border acts

The Lingang Special Area issued details yesterday that will enable banks to provide cross-border yuan settlement for “quality companies,” allowing qualified businesses in Lingang to use the yuan to settle...

March 6, 2020, Friday


Post-holiday bump for stocks

CHINESE stocks gained on Monday, with most factories resuming work after the extended holiday. The benchmark Shanghai Composite Index rose 0.51 percent to 2,890.49 points, while the smaller Shenzhen Component ...

February 11, 2020, Tuesday


US$43b boost for firms fighting epidemic

CHINA’S central bank said yesterday it will offer a 300-billion yuan (US$43 billion) boost this week to help businesses involved in fighting the virus epidemic which has swept China and infected thousands. The ...

February 10, 2020, Monday


Businesses get a helping hand amid all-out war on deadly virus

UNPREPARED for the novel coronavirus outbreak, many businesses in China were caught off guard and found that their bullish performances over the past year were not enough to confront a crisis. But governments ...

February 10, 2020, Monday




 

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