Briefly

Financial support for coal, electricity

China's top banking and insurance regulator released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market. The China Banking and Insurance Regulatory Commission has called for efforts to satisfy the reasonable financing needs of power, coal, steel and non-ferrous metal producers to ensure supplies and stabilize prices. It called for banks and insurance institutions to offer sound financial services to secure energy and electricity supplies and support major coal-producing areas and key enterprises to boost the supply of thermal coal.

Internet companies see spurt in profits

China's large internet companies saw their profits expand at a faster pace in the first eight months of this year, according to data from the Ministry of Industry and Information Technology showed. Profits of these companies surged 37.5 percent year-on-year to reach 103.3 billion yuan (about $16 billion) during the period, the data showed. Among different sectors, revenue generated from information services including online audio, videos, games and news sustained robust growth momentum, the data showed. The revenue of these sectors stood at 555 billion yuan in the first eight months, representing year-on-year growth of 20.3 percent.

Xinhua