SOURCE >> Markets

China's central bank to cut RRR to further support real economy

In order to support the development of China's economy expansion and reduce the real cost of social financing, China's central bank decided on Wednesday to cut the required reserve ratio (RRR) for banks by 0.5 percentage points, effective next Monday.
Source: Global Times | 2020/1/1 16:23:40

Foreign investment law takes effect in China

The foreign investment law took effect in China starting Wednesday to better protect the interests of foreign investors in the country.
Source: Xinhua | 2020/1/1 14:40:53

China implements new regulation to optimize business environment

China on Wednesday started to implement the regulation on optimizing the business environment to unleash the productive forces and promote high-quality development.
Source: Xinhua | 2020/1/1 14:35:23

China to maintain prudent and flexible monetary policy amid complex international situation

China's central bank said it will maintain a prudent and flexible monetary policy. It also said it will closely follow the complex situation both at home and abroad, and convert external pressure into motivation to deepen the country's reform and opening-up.
Source: Global Times | 2020/1/1 13:53:39

Figuratively Speaking

60 cities that Shenzhen International Airport can send passengers to, with the new nonstop flights to Sochi, Russia, according to Shenzhen Special Zone Daily.
Source: Global Times | 2019/12/30 23:08:05

Bridge cuts Guizhou travel time

Workers on the Pingtang Bridge in Pingtang, Southwest China's Guizhou Province on Monday. The bridge, which has the highest concrete bridge tower in the world, officially opened to traffic on Monday. It shortens the travel time between Pingtang and Luodian in the province from two-and-a-half hours to around one hour. Photo: cnsphoto
Source: Global Times | 2019/12/30 23:08:04

China cherishes Chile's cherries, imports 90 percent of crop for Spring Festival

Nearly 90 percent of Chile's cherries end up as sweet treats across China, especially during the Chinese Spring Festival holiday season.
Source: Global Times - Xinhua | 2019/12/30 23:08:01

Chinese shipping operators beef up efforts to adapt to IMO 2020: expert

As a tougher regulation on sulfur emissions from ships, known as IMO 2020, comes into effect from Wednesday, Chinese shipping operators are beefing up efforts to adapt to new rules regarding bunker fuel, mainly by using required fuels and by installing scrubbers, an industry representative said.
Source: Global Times | 2019/12/30 22:45:10

Beijing launches autonomous driving tests with riders

Beijing issued its first test licenses for autonomous cars that will carry passengers on Monday, and Chinese technology giant Baidu received 40 of them.
Source: Global Times | 2019/12/30 22:21:24

China market news daily wrap-up

The Chinese market rallied Monday, with three major indices climbing more than 1 percent during trading.
Source: Global Times | 2019/12/30 21:25:17

Major breakthroughs attract foreign investment in 2019: official

China made major breakthroughs in foreign investors' access in 2019, the year in which the country witnessed the release of the largest number of new opening-up measures, and the strongest and deepest reforms, in recent years, said a senior trade official on Monday.
Source: Global Times | 2019/12/30 20:48:48

Tesla delivers first batch of made-in-China Model 3s to 15 employees

US-based electric carmaker Tesla delivered its first batch of made-in-China Model 3s to 15 of its Chinese employees – from salespeople to delivery team workers – on Monday.
Source: Global Times | 2019/12/30 19:37:20

China releases import certificates for US GM soybeans as phase one trade deal approaches

China released two new genetically modified (GM) import certificates for US soybeans and papaya on Monday, a potential move to allow more imports of US agricultural products as the world's two largest economies are on their way to signing a phase one trade deal.
Source: Global Times | 2019/12/30 18:38:00

China to further expand pork imports ahead of peak consumption season

China will further increase pork imports from more countries ahead of the holiday peak season as supply continues to be strangled due to the outbreak of African swine fever (ASF), despite rising domestic output, officials said on Monday.
Source: Global Times | 2019/12/30 14:35:53

Capital market gets new framework

Since China first passed the Securities Law in 1998, there have been several amendments to make market access easier. In China's top legislature's most recent move, the long-anticipated revision of the law - which includes the registration-based IPO system - is finally out. Will it make China's capital market more competitive?
Source: Global Times | 2019/12/29 21:41:50

New Securities Law helps attract overseas-listed mainland companies to A-share market

China's new Securities Law, which is likely to boost to easier-accessed but better-regulated A-share markets, will attract more overseas-listed mainland companies to harken back to the A-share markets, while speeding up the inflow of overseas investment capital, experts predicted.
Source: Global Times | 2019/12/29 21:34:15

Capital markets enter new era with revised equities legislation

China's top legislature approved an amended Securities Law over the weekend, relaxing rules governing new listings on China's stock market and raising penalties for violations, which experts said marked a milestone for the country's capital markets and laid a solid foundation for future market reforms.
Source: Global Times | 2019/12/29 21:33:30

Benchmark shift for floating-rate loans will further cut financing costs: experts

China's central bank is driving further use of the loan prime rate (LPR) by making it a new benchmark for pricing existing floating-rate loans, a step that experts said will reduce companies' financing costs as the LPR is expected to be reduced next year in line with the country's macroeconomic regulation.
Source: Global Times | 2019/12/29 20:27:56