China’s commerce ministry vows to promote consumption
China’s Ministry of Commerce held a national teleconference on promoting consumption, which is of great significance and responsibility, the ministry said in a statement on Wednesday.
Category: POLICY & REGULATION
Yunnan province completed second round of aluminium production cut in six months, cumulative cut at 1.9 mln tonnes – report
Yunnan province, a major aluminium production hub in China, has completed the second round of production curbs on electrolytic aluminium companies in six months.
Beijing city to extend subsidies for new energy vehicle purchases
China’s capital city of Beijing will continue to implement the government subsidies for new energy vehicle purchases this year and specific policies will be announced later.
Hong Kong local stocks gain on removal of mask mandate from Mar 1
Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.
Short video companies fall after regulators vowed to step up efforts to prevent addiction among minors
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
China released guidelines for construction of “Digital China”
China released guidelines for digital development, unfolding the blueprint and timeline for construction of a”digital China”. Building a “digital China” is an
China to resume dialogues with Australia to bring bilateral relations to normal track – foreign ministry
China will resume dialogues and exchanges with Australia, expand cooperation and control differences to boost mutual trust and bring the bilateral relations
Fitch raised forecast of China’s 2023 economic growth to 5% from 4.1%
Fitch Ratings raised its forecast for China’s economic growth in 2023 to 5%, from 4.1% previously, reflecting evidence that consumption and activity are recovering faster than initially anticipated after the authorities moved away from their “dynamic zero Covid-19” policy stance in late 2022.
Guangdong aims to bring proportion of new energy, clean energy vehicles to 40% by 2030 – government plan
>>>
Guangdong aims to make non-fossil energy consumption over 32% of total in 2025, 35% in 2030
>>>
Henan province requires all commercial housing projects supported by local govt loans to complete by end of Oct
>>>
Sino-US relation not weakened by US shooting Chinese ballon – US President Biden
US President Joe Biden said that the relations between Washington and Beijing were not weakened by the incident of US military shooting
China aims to boost the influence of Chinese brands, improve quality and efficiency – State Council
China aims to achieve a shift toward “Created in China” from “Made in China”, toward “Chinese quality” from “Chinese speed”, and toward “Chinese brands” from Chinese products”, according to a plan released by the State Council.
China to launch nationwide pilot program to electrify public transportation in 2023 – 2025
China will launch a nationwide pilot program of electrification of public vehicles in the period from 2023 – 2025, according to a notice issued by the Ministry of Industry and Information Technology and other seven departments.
China, Australia trade officials had talks for first time since 2019, aiming to bring bilateral ties back on track
China and Australia’s top trade officials on Monday held talks for the first time since 2019, in the latest sign of a
China’s live hog prices trigger alert for excessive falls, state planner vows to buy pork for state reserves
>>>
PBOC drained net 373 bn yuan liquidity via open market operation, cut yuan’s fixing by 355 pips
>>>
Morgan Stanley received regulatory approval to be actual controller of China fund management firm
Morgan Stanley has received regulatory approval to be the actual controller of its Chinese fund management firm Morgan Stanley Huaxin Fund Management Co Ltd, the China Securities Regulatory Commission said on Friday.
President Xi calls for accelerated efforts to achieve self-reliance in science, technology
President Xi Jinping has said China must accelerate efforts to achieve self-reliance in science and technology to cement its footing in the
China-Australia trade talks next week may pave way for Prime Minister Anthony Albanese’s Beijing visit this year – report
The first trade talks between China and Australia in three years are expected to pave the way for Prime Minister Anthony Albanese
China to expand registration-based IPO system to main boards in Shanghai, Shenzhen
China will expand the registration-based IPO system, according to draft rules published by the China Securities Regulatory Commission (CSRC) for public opinions.
US official acknowledges deal with Japan, Netherlands on curbing chipmaking tool exports to China
An official in the US on Tuesday acknowledged the existence of a deal with Japan and the Netherlands for the countries to
PBOC to roll over three relending tools to support carbon reduction, green development
The People’s Bank of China (PBOC) said on Sunday that it will roll over three lending tools as part of efforts to guide financial institutions to beef up support for green development and other areas, said the central bank on Sunday.
Shanghai to extend NEV purchase subsidies, to provide subsidies for green, smart home appliance buying
China’s financial hub of Shanghai will extend the subsidies for purchases of new energy vehicles (NEVs) in a move to promote car consumption, according to an action plan to stabilize economic growth released by the municipal government on Sunday.
Talks between Liu He, Janet Yellen would have lasted longer if US officials hadn’t needed to catch flight – state media
Talks between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen in Zurich this week would have lasted longer if
Australia, China secure new trade talks, official mentions encouraging signs
Australian assistant Trade Minister Tim Ayres and China’s Vice Minister of Commerce Wang Shouwen met on the sidelines of the World Economic
Mainland, Hong Kong exchanges propose to further expand Stock Connect schemes, China said to roll out Swap Connect scheme with Hong Kong by end of Mar
The Shanghai Stock Exchange and the Shenzhen Stock Exchange issued proposals to include the stocks of companies with a differential voting rights
China formulates action plan to support struggling real estate sector, to reasonably improve “Three Red Lines” restrictions
China has formulated a comprehensive action plan to support the struggling real estate sector as Beijing steps up the effort to boost the country’s economic growth, the official Xinhua News Agency reported on Friday.
PBOC, banking regulator urge banks to step up support to real economy, front-load loan issuance
The People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) held a meeting on Tuesday, urging banks
Alibaba signed cooperation agreement with Hangzhou government, senior city official visited fintech unit Ant Group
China’s e-commerce giant Alibaba Group has signed a cooperation agreement with the municipal government of Hangzhou, where the company is headquartered, signaling government support for the platform economy’s growth in a healthy, regulated way, local government-backed Zhejiang Daily reported on Tuesday.