China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.
More than 60 percent of Chinese bankers highlighted concentrated outbreaks of nonperforming loans as the top risk facing the banking sector, and 52 percent of the bankers said they would pay close attention to risks associated with local government debt, according to a latest survey.
ZTE Corp unveiled its first 5G flagship smartphone at the Mobile World Congress in Barcelona on Monday as the Chinese telecom equipment and smartphone manufacturer seeks to gain a foothold in the 5G battlefield, which is likely to refuel the industry's growth amid its current market saturation.
Global index provider MSCI is likely to approve increasing the weighting of China's A shares in its indexes this week, as the country's capital market reform and opening-up increases the allure of its markets, analysts said.
Massive gas reserves found in the Bohai Sea, the largest discovery in the Bohai Bay Basin in the past 50 years, will further boost China's domestic oil and gas exploration, insiders said.
China should be prepared to fight a protracted and tough battle against financial risks, said a senior official of the country's top banking and insurance regulator.
China's capital market reform and opening-up, a key area of supply-side structural reform in the financial sector, is set to bolster the nation's innovation-driven growth, analysts said.
Construction of China's first nuclear power plant this year is scheduled to start in Zhangzhou, Fujian province, with work on unit 1 starting on June 30, according to a statement released on the website of the city's ecological environment bureau.
Senior business officials from Qatar said the 2022 FIFA World Cup, diversified commercial ties with Chinese companies and new visa policies for Chinese nationals will facilitate the Arab country to become a trade center and gateway for the development of the Belt and Road Initiative in the coming years.
Nansha International Cruise Home Port, an international cruise home port, is expected to commence operations in Nansha of Guangzhou, the capital of Guangdong province, in November this year, according to sources with the port development company.
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