Finance

China details regulations on non-bank payment institutions - China Finance News
Finance

China details regulations on non-bank payment institutions

The People's Bank of China on Monday began to solicit public opinion on the detailed rules regulating the non-bank payment institutions.
Foreign-invested firms in China up 20.7% in Q1 - China Finance News
Finance

Foreign-invested firms in China up 20.7% in Q1

The number of newly established foreign-invested firms in China hit 12,000 in the first quarter of 2024, up 20.7 percent year on year.
Foreign holdings of Chinese bonds see net increase of over US$40 bln - China Finance News
Finance

Foreign holdings of Chinese bonds see net increase of over US$40 bln

Foreign investors saw a net increase of 41.6 billion US dollars in their holdings of China's domestic bonds in the first quarter of 2024, official data showed on Thursday.
China's yuan loans grow by US$1.33 trillion in Q1 - China Finance News
Finance

China's yuan loans grow by US$1.33 trillion in Q1

China's yuan-denominated loans rose by 9.46 trillion yuan (US$1.33 trillion) in the first quarter of this year
Chinese shares close higher Tuesday - China Finance News
Finance

Chinese shares close higher Tuesday

Chinese stocks closed higher Tuesday, with the benchmark Shanghai Composite Index up 0.05 percent to 3,048.54 points.
China's central bank unveils relending facility for sci-tech innovation - China Finance News
Finance

China's central bank unveils relending facility for sci-tech innovation

China's central bank on Sunday said it had established a special relending facility worth 500 billion yuan (US$70.47 billion) to support sci-tech innovation.
China to improve construction of financing credit service platforms - China Finance News
Finance

China to improve construction of financing credit service platforms

China has released an action plan on strengthening the building of financing credit service platforms to facilitate the financing of micro, small and medium-sized enterprises.
RMB retains 4th spot as currency for global payments: SWIFT - China Finance News
Finance

RMB retains 4th spot as currency for global payments: SWIFT

The Chinese currency renminbi (RMB), or the yuan, retained its spot as the fourth most active currency for global payments by value in February, according to a report.
ICBC net profit up 0.8% in 2023 - China Finance News
Finance

ICBC net profit up 0.8% in 2023

The ICBC reported a net profit increase of 0.8 percent last year, despite a 3.7 percent drop in business revenue.
China sees robust increase in new foreign-invested firms - China Finance News
Finance

China sees robust increase in new foreign-invested firms

Some 7,160 new foreign-invested firms were set up across China during the first two months of this year, marking a 34.9% increase year on year.
Chinese premier stresses construction of capital market Xuhui District to distribute culture and tourism coupons worth 2.8 million yuan Chinese company issues carbon-neutral earphones German airline's services back to pre-pandemic level Tesla cuts prices nearly US$2,000 in China, in line with US cuts China steps up financing 'white list' mechanism to stabilize real estate market China's auto exports soar 33.2% in Q1 Tencent to release 'Dungeon and Fighter' mobile game in May HKSAR gov't cancels all property cooling measures Cosmetics brand collaborates on peony innovation Shanghai Mayor meets with John Swire & Sons (HK) Ltd Chairman China's manufacturing hub sees 9.1% foreign trade growth in Q1 Shanghai's economy is off to a steady start Bright extends its presence into the realm of sports AS Watson appoints new Group Chief Executive Officer Mercedes-Benz: China's R&D can lead the world China's first batch of AI PCs make their debut in Shanghai China to make housing development plans for 2024, 2025 Sephora names JD Fashion ex-head as China managing director Huawei's newest smartphones sell out soon after launch NIO Power and SAIC-GM to interconnect charging network New guideline bolsters financial support for rental housing market Four years on, int'l expo provides greater stage for global businesses China's crude oil output increases in January-March China's industrial capacity utilization rate hits 73.6 pct in Q1 China surges ahead with carbon emissions trading system Edwards Lifesciences appoints new China head With significant layoffs in China, Tesla hits speed bumps How to cope with an AI-powered world for China Shanghai relaxes housing policies for non-locals Honda unveils new electric brand to boost China sales Covestro, Tongji renew sustainable development chair Hong Kong court orders liquidation of China's Evergrande Binjiang to build zero-magnetism valley, science city with university, local firms Shanghai Mayor meets with Singapore GIC CEO China-Germany strategic partnership bolsters Sino-European ties L'Oréal continues strong growth momentum in China in Q1 Digitalization expo planned to shape manufacturing sector in YRD region CEO's digital avatar makes sales pitch during JD livestream China's BYD unveils 3 models for its off-road Fangchengbao lineup Chinese company signs MoU with Ethiopia to light up off-grid areas Dishui Lake Financial Bay construction speeding up
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