China released 20 measures to build data management system
China released 20 measures to build a data management system to take advantage of the country’s massive data and rich application scenarios and strengthen the digital economy.
Month: December 2022
China likely to roll out Financial Stability Law in 2023 – PBOC deputy governor
China is likely to roll out the Financial Stability Law in 2023 and relevant legislative efforts by the National People’s Congress are underway, said Liu Guoqiang, vice-governor of the PBOC, at a press conference on Saturday.
Real estate sector is pillar industry, there can’t be big ups and downs – PBOC deputy governor
“The real estate sector is one of China’s pillar industries and there can’t be big ups and downs,” said Liu Guoqiang, a vice governor of the PBOC, at a press conference on Saturday.
China’s economic growth to pick up next year, more pro-growth measures to be introduced – senior economic official
China’s economic growth will accelerate next year as stimulus policies take effect, said Han Wenxiu, an official at the Communist Party of the Central Committee for Financial and Economic Affairs.
Shanghai starts pilot projects to allow firms to combine yuan, foreign currencies accounts
The Shanghai branch of the People’s Bank of China (PBOC) has launched a pilot program in the city’s Pilot Free Trade Zone to allow companies to combine yuan and foreign currencies accounts into one.
Mainland China, Hong Kong to expand cross-border Stock Connect scheme
Chinese and Hong Kong securities regulators said on Monday that they have agreed in principle to further expand the scope of eligible stocks under the Stock Connect Scheme.
China expressed concerns over unilateral trade practices of US in WTO review, raising 312 written questions – commerce ministry
China has expressed concerns over unilateral trade practices of the US during WTO’s Trade Policy Review of the US, said China’s commerce ministry over the weekend, after China on December 12 filed a lawsuit against the US at the WTO over its sweeping semiconductor export curbs.
Over 82% of China’s cinemas in operation as of Saturday
A total of 10,361 cinemas in China were in operation as of Saturday, accounting for 82.86% of the total, and according to data from Chinese ticketing platform Maoyan.
SAIC’s NEV sales hit new record in Nov, eyes NEV penetration of 40% by 2025
SAIC Motor, the biggest state-owned automaker in China, said that it sold about 130,000 units of new energy vehicles in November, marking a new record high.
Foxconn to see entire stake in China’s Tsinghua Unigroup for 5.38 bn yuan
Taiwan’s Foxconn, the world’s largest contract electronics maker, said that its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese …
Key takeaways of statement of China’s annual Central Economic Work Conference
China’s annual Central Economic Work Conference was held in Beijing from Thursday to Friday as Chinese leaders decided on the priorities for the economic work in 2023, according to China’s official Xinhua News Agency.
Foreign holdings of yuan bonds declined for 10th consecutive months in November
Foreign holdings of yuan-denominated bonds traded in China’s interbank market declined further in November, making the 10th consecutive month of outflows.