Briefly

EximBank extends loans to mfg

The Export-Import Bank of China (China EximBank) said it has issued 300 billion yuan ($43.73 billion) in loans to the country's manufacturing sector during the first quarter. By the end of March, the bank's outstanding loans to the manufacturing sector came in at nearly 1.9 trillion yuan, including 1.62 trillion yuan of medium- and long-term loans. During the first quarter, the bank supported the upgrade and transformation of key enterprises, and beefed up credit support to foreign trade companies and small and medium-sized manufacturers.

Record trading in property rights

The trading volume of China's property rights market hit 22.5 trillion yuan ($3.28 trillion) last year, marking a new high, data showed. About 14.86 trillion yuan of financial assets were traded in 2022, according to the Chinese State-owned Property Exchanges Association. Procurement transactions and asset and equity transactions came in at 5.1 trillion yuan and 1.88 trillion yuan, respectively. While natural resource deals stood at 649.7 billion yuan, transactions of various environment-related rights, including carbon emission and pollution discharge rights, were worth 13.33 billion yuan.

Gasoline, diesel retail prices to rise

China will raise the retail prices of gasoline and diesel from Tuesday, based on the recent rise in international oil prices. Gasoline and diesel prices will go up by 550 yuan ($80) per ton and 525 yuan per ton, respectively, the National Development and Reform Commission said on Monday. Under the current pricing mechanism, the prices of refined oil products will be adjusted in accordance with global crude oil price changes. Global oil prices have been rising following the recent announcement of output cuts by major oil-producing countries, according to the commission.

Xinhua - China Daily