The renminbi is starting to gain ground in the dollar-dominated global commodity trade, as recent deals highlighted the Chinese currency's expanding role in offering a diversified option for pricing and settlement, economists and executives said.
China has allocated 91.5 billion yuan ($12.6 billion) in a second batch of funding this year to support equipment upgrades, bringing the total to 185.1 billion yuan, or 92% of its annual target, the country's top economic planner said.
Chinese tax authorities have fined a social media influencer nearly 19 million yuan ($2.8 million) for tax evasion after investigators found he underreported income over several years, officials said.
A high-tech company overtook a traditional blue-chip on Friday to become the most expensive stock in Chinas A-share market, underscoring a broader market shift toward innovation-driven growth.
China's major banks and insurers are racing to embed artificial intelligence at the heart of their operations, ramping up intelligent computing and pushing technology from a back-office support function to a front-line engine powering financial services.
China's latest move to expand its digital yuan operator network by adding a dozen new banks signals an acceleration in the central bank's push to extend the digital currency's reach and embed it deeper into the country's financial infrastructure, according to official sources and experts.
China welcomes companies from the United States to continue expanding their presence in the Chinese market and prosper together with China, according to Minister of Commerce Wang Wentao.
The Boao Forum for Asia remains one of the best platforms in the world to hear ideas you won't hear anywhere else. And at a panel I moderated on Wednesday on climate governance, one idea stood out.
A Los Angeles jury on Wednesday found Meta and Google negligent for designing addictive apps and for failing to warn of their associated dangers, and liable for harm caused to a young user. The landmark verdict could pave the way for numerous lawsuits against social media companies on similar grounds.
Continued efforts will be made to further improve the quality and expand the size of the Chinese capital market during the 15th Five-Year Plan (2026-30) period, which is conducive to the development of new quality productive forces, said Wu Qing, chairman of the China Securities Regulatory Commission.
Shanghai will take greater efforts to make its business environment and government services better, which is conducive to building more wholesome industrial chains, said officials and company executives.
China's top securities regulator has pledged to push the country's capital market opening to a deeper and higher level while advancing reforms of the STAR Market and ChiNext during a meeting with foreign financial institutions.
A huge wave of maturing household time deposits, totaling tens of trillions of yuan, is set to test the investment appetite of Chinese savers in 2026, potentially reshaping the flow of capital across the country's financial markets as more asset allocation options emerge.
Foreign investors and asset managers are showing a positive outlook on Chinese equities this year amid a consensus that improved profits — a result of continued investment in technology and economic recovery buoyed by supportive policies — will make a big difference in the Chinese stock market.
China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and stability, Finance Minister Lan Fo'an said on Saturday.
China's top judicial authorities are placing a strong emphasis on financial security, pledging to continue their rigorous crackdown on corruption in the sector.
For Muhammad Rameez Feroz, a financial professional who has spent more than a decade connecting institutions across Pakistan and China, illicit finance within global trade remains one of the most pressing obstacles to sustainable economic growth.
京公网安备 11010202009201号] [京ICP备05004340号-1]
