The Chinese currency kept its position as the world's fifth most active currency for domestic and international payments in June, despite its short-term weakening against a stronger US dollar, according to a monthly tracker from a global financial information platform.
China Great Wall Asset Management Co Ltd is awaiting regulatory approval for the introduction of four strategic investors with total investment of 12.12 billion yuan ($1.79 billion).
As the China International Import Expo reached its 100-day countdown, the expo organizer has joined hands with partners to provide tailored policies and solutions for convenient customs clearance, fast logistics and all-round financial services.
The Ministry of Communications has issued a plan that highlights supporting Hainan to fully open up its international shipping business to promote the in-depth reform and opening up of the tropical island's transportation industry.
New Retail, or the use of internet technologies to boost commerce, has become a new growth engine for the Chinese economy, according to latest economic trackers for the first half of 2018.
When pioneering Chinese billionaire Lu Guanqiu passed away last year, he left behind an unfulfilled dream of making cars under the Wanxiang Group umbrella, his multibillion dollar automotive group.
The General Administration of Customs is redoubling efforts to improve enterprise credit management, in a bid to further strengthen corporate integrity and simplify customs procedures.
Amid worries over trade tensions and debt risks, a number of key risks need to be tackled through the enhanced coordination of monetary and fiscal policies to avoid market turbulence, according to leading experts advising the nation's top financial regulators.
The Chinese government is confident the unemployment rate will remain low, and there are policies in the pipeline to support domestic workers affected by ongoing trade tensions, according to senior officials with the nation's top economic regulator.
Major trade initiatives such as the Belt and Road are opening up new vistas of cooperation for the Chinese bullion industry, especially in the countries and regions associated with the initiative, an industry official said.
China is becoming the dominant long-term player in the gold industry, and the country's growing consumption of gold is set to continue, the head of the World Gold Council said on Thursday.
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