POLICY & REGULATION
China to step up regulation on real estate brokerages, urges for lower service fees
China will step up regulation on real estate brokerage services, according to a notice jointly issued by eight government departments including the Ministry of Housing and Urban-Rural Development and the State Administration for Market Regulation on Monday.
PBOC cut banks’ reserve requirement ratio to support economic recovery
China will cut the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support the economic recovery after the pandemic.
Rare earth hub Jiangxi to step up crackdown on illegal mining of strategic minerals
East China’s Jiangxi province, a major rare-earths production base, will step up crackdown on illegal mining of strategic minerals such as lithium and rare earths in a special action that will run through the end of Oct 2023.
China open to visit by US Secretary of Commerce Gina Raimondo – China’s commerce ministry
China is “open” to a visit by US Secretary of Commerce Gina Raimondo as it remains “very important” for the two sides to maintain communication over trade, China’s Ministry of Commerce said on Wednesday.
Central China’s Hubei province offers up to 90,000 yuan discount on purchases of Dongfeng vehicles
Authorities in central China’s Hubei province offers as much as 90,000 yuan discounts on cars purchased from Dongfeng Honda Automobile, according to promotional leaflets at car dealerships.
China’s proposed enlarged financial regulator will better tackle lingering issues – analysts
China’s proposed National Financial Regulatory Commission will better tackle lingering issues that threaten to destabilise the economy, ranging from a housing bubble to the unbridled expansion of financial conglomerates, said Goldman Sachs in a research note.
China confident in real estate market recovery, to prevent “gray rhinos” in real estate sector – housing minister
Ni Hong, China’s Minister of Housing and Urban-Rural Development, expressed confidence in the recovery of the country’s real estate market.
China to set up enlarged financial regulator, restructure science & technology ministry, establish national data bureau
China on Tuesday unveiled a sweeping reform plan for a slew of state institutions, including restructuring the Ministry of Science and Technology (MST) and establishing a national financial regulatory administration, part of the country’s efforts to bolster its scientific-technology capabilities and economic and financial security amid growing external uncertainties.
China pushes for revision of Anti-Unfair Competition Law – official
Chinese regulator is pushing forward the revision of the “Anti-Unfair Competition Law ” after revising the “Anti-Monopoly Law” last year, said Luo Wen, Head of the State Administration for Market Regulation, at a press conference on Tuesday.
China plans to phase in standard mapping system serving self-driving vehicles by 2025
China plans to phase in a standard mapping system serving the application of self-driving vehicles by 2025, according to a guideline released by the Ministry of Natural Resources.