Finance


New yuan-denominated borrowing falls

China’s new yuan-denominated loans were 1.21 trillion yuan (US$170.9 billion) in August, 66.5 billion yuan less than the same period last year, according to central bank’s data yesterday....

September 12, 2019, Thursday


Profits of big industrial firms rebound 2.6% in July

THE profits of China’s major industrial firms rose 2.6 percent year on year in July, data from the National Bureau of Statistics showed yesterday. The growth came after a 3.1 percent decline in June. ...

August 28, 2019, Wednesday


China’s one-year LPR cut to 4.25%

The central bank yesterday cut the one-year loan prime rate to 4.25 percent, the first pricing after the country reformed the lending rate mechanism....

August 21, 2019, Wednesday


LPR reform plan unveiled to cut financing costs

CHINA’S central bank on Saturday unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy. Introduced in 2013 and ...

August 19, 2019, Monday


Service sector capital limits eased

SHANGHAI will ease restrictions on foreign capital in the service sector for getting access to the city’s market and launching businesses. The move aims to further promote opening-up of the sector to ...

August 14, 2019, Wednesday


New polices to woo MNCs to set up HQs in Shanghai

SHANGHAI will promote the development of regional headquarters of multinational corporations in the municipality, local authorities said. “Shanghai is home to more than 700 regional headquarters of multinational ...

August 14, 2019, Wednesday


M2 up 8.1%, yuan loans fall in July

China’s new yuan-denominated loans stood at 1.06 trillion yuan (US$151 billion) in July, 397.5 billion yuan less than the same period last year, central bank data showed yesterday....

August 13, 2019, Tuesday


RMB rate ‘in line with fundamentals’

THE International Monetary Fund has affirmed its view that China’s exchange rate is broadly in line with economic fundamentals. Experts said IMF’s new report provides further evidence that US designation ...

August 12, 2019, Monday


Forex reserves in July slip slightly, halting streak

China’s foreign exchange reserves came in at US$3.1037 trillion at the end of July, official data showed yesterday....

August 8, 2019, Thursday


China unveils Lingang plan that will rival world’s most competitive FTZs

CHINA yesterday announced the expanding of its Shanghai free trade zone in its latest major strategic move for further opening-up. The addition of the Lingang area is a major strategic decision made by ...

August 7, 2019, Wednesday




 

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