China will step up the push to fuel the digital transformation of small and medium-sized enterprises by helping them embrace cloud computing, big data and other cutting-edge technologies, a senior official from the nation's top industrial regulator said on Thursday.
China's financial regulators are mulling new rules to regulate the nation's financial holding companies to curb risks originating from their risky and opaque operations.
China is looking to enhance its soft power and global influence with the three-day Exposition on China's Indigenous Brands that commenced in Shanghai on Thursday.
Chinese home appliances maker Hisense Electric Co Ltd has won the bidding process for Slovenian appliances producer Gorenje, which said it received three binding offers by interested strategic partners from Asia on Tuesday.
Regulators are working on a policy framework for a real estate investment trusts open to public investment in China, but uncertainties about tax policies and the future responsibilities shouldered by different regulatory bodies may delay its official introduction, according to people familiar with the matter.
KUNMING - Li Yunxia's company will save about 6 million yuan ($940,000) in annual operating costs, thanks to the VAT rates cut rolled out in China in May.
As China needs to invest 2 to 4 trillion yuan ($310 billion to $630 billion) annually in the next five years in order to counter the impact of pollution and climate change, the nation needs to come up with a green financing mechanism to facilitate its transition to sustainable growth, said Zhou Xiaochuan, former governor of the People's Bank of China.
China's deepening reform and ongoing opening-up is set to generate new opportunities for the shared development of China and the United Kingdom, and for the wider world, China's ambassador to the UK said on Tuesday.
The Ministry of Finance is trying to expand the pool of investors in local government bonds, as it seeks to tackle potential liquidity stress amid tightening financial regulation.
The International Monetary Fund raised its forecast for economic growth on the Chinese mainland in 2018 to 6.6 percent from 6.5 percent, but warned that the simmering Sino-US trade dispute would negatively affect global economic growth and investment.
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, has applied to set up a securities joint venture with a majority stake in China, becoming the latest foreign firm to take advantage of China's pledge to further open its financial sector.
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