China's state council issues guidelines on advancing key areas in financial sector
Trending News
2 weeks, 5 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker links in the economy. The guidelines underscored strengthening financial support for major national scientific and technological initiatives and tech-focused small and medium-sized enterprises while coordinating financial support for green development and the low-carbon transition. Inclusive finance will be strengthened by building a multi-tiered, broad-based and sustainable system while optimizing financial products and services for key sectors, including micro, small and medium-sized enterprises, private businesses, rural revitalization and social welfare.

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China's state council issues guidelines on advancing key areas in financial sector
Trending News
2 weeks, 5 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China to strengthen financial support for economy's high-quality development: report
4 months, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

China to strengthen financial support for economy's high-quality development: report
4 months, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

China to steadily push forward financial opening-up: central bank
Trending News
4 months, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China rolls out measures to promote green finance
5 months, 1 week ago

China rolls out measures to promote green finance

China Daily  

BEIJING - China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China. Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building of a beautiful China …

Better financial regulatory system urged
7 months, 1 week ago

Better financial regulatory system urged

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Their comments came after Wang Jiang, executive deputy director of the office of the Central Financial Commission, said that deepening financial reform requires strengthening risk prevention, intensifying supervision and promoting high-quality development. Liu Qiao, dean of Peking University's Guanghua School of Management, said: "The primary objective of …

Better financial regulatory system urged
7 months, 1 week ago

Better financial regulatory system urged

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Their comments came after Wang Jiang, executive deputy director of the office of the Central Financial Commission, said that deepening financial reform requires strengthening risk prevention, intensifying supervision and promoting high-quality development. Liu Qiao, dean of Peking University's Guanghua School of Management, said: "The primary objective of …

Key meeting to focus on real economy
8 months, 1 week ago

Key meeting to focus on real economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. China's new round of financial reform is expected to focus on improving the financial system's ability to better support the country's modernization drive, with a priority on bolstering technological innovation and the broader real economy, said financial experts and executives. Tian Xuan, associate dean of Tsinghua …

Top financial watchdog to aid development of foreign institutions in China
10 months, 2 weeks ago

Top financial watchdog to aid development of foreign institutions in China

China Daily  

A clerk counts cash at a bank in Nantong, Jiangsu province. The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog told China Daily in an exclusive …

China advances financial services for manufacturing industry
11 months, 1 week ago

China advances financial services for manufacturing industry

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. The joint report published by the National Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the National Development and Reform Commission, the circular said the country will focus on key tasks to strengthen financial support for the manufacturing industry. Banking and insurance …

China advances financial services for manufacturing industry
11 months, 1 week ago

China advances financial services for manufacturing industry

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. The joint report published by the National Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the National Development and Reform Commission, the circular said the country will focus on key tasks to strengthen financial support for the manufacturing industry. Banking and insurance …

China likely to adopt law for financial risk control next year
1 year, 3 months ago

China likely to adopt law for financial risk control next year

China Daily  

By ZHOU LANXU| China Daily| Updated :2023-12-12 China is likely to adopt a significant law in 2024 that will provide a predictable framework and enriched funding support for financial risk resolution, underscoring the country's steadfast commitment to forestalling systemic financial risks, experts said on Monday. They added that a draft version of the law may be submitted to China's top …

Regulation key to boosting digital finance
1 year, 11 months ago

Regulation key to boosting digital finance

China Daily  

A staff member demonstrates the payment with China's digital yuan, or the e-CNY, during the first Global Digital Trade Expo in Hangzhou, East China's Zhejiang province, Dec 12, 2022. Officials and experts attending the Boao Forum for Asia Annual Conference 2023 called for enhanced financial regulation to fend off potential risks and boost innovation in the finance sector in the …

Financial Industry
3 years, 1 month ago

Financial Industry

China Daily  

Development Priorities First, Binhai New Area deepens the reform of the investment and financing system, expands the direct financing scale through multiple channels and establishes piloting industrial investment funds and renminbi funds that meet the requirements of industrial development. Second, Binhai New Area carries out pilot projects of integrated management, improves financial services, improves the insurance reform in Tianjin Binhai …

Financial Industry
3 years, 1 month ago

Financial Industry

China Daily  

Development Priorities First, Binhai New Area deepens the reform of the investment and financing system, expands the direct financing scale through multiple channels and establishes piloting industrial investment funds and renminbi funds that meet the requirements of industrial development. Second, Binhai New Area carries out pilot projects of integrated management, improves financial services, improves the insurance reform in Tianjin Binhai …

Gains from new financial standards plan foreseen
3 years, 1 month ago

Gains from new financial standards plan foreseen

China Daily  

A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry. A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry and help improve the development efficiency of the …

China to deepen financial opening-up, strengthen financial services for real economy
3 years, 8 months ago

China to deepen financial opening-up, strengthen financial services for real economy

China Daily  

Photo taken on Jan 14, 2021 shows a night view of Lujiazui in Pudong of East China's Shanghai municipality. Chinese Premier Li Keqiang on Wednesday heard a report on advancing financial opening-up at a State Council executive meeting, where he also chaired discussions on work related to greater financial openness and stronger financial services in boosting the real economy. The …

Curbing financial risks key to sustainability
4 years ago

Curbing financial risks key to sustainability

China Daily  

China is trying to strike a balance between encouraging fintech development and preventing financial risks via prudent regulation. Still, China needs to develop a cross-market and cross-sector financial cooperation system to prevent systemic risks in the financial sector that could trigger an inflation crisis forcing the country into the middle-income trap. So China should streamline the direct financing system and …

China's financial liberalization can unlock new opportunities
4 years, 2 months ago

China's financial liberalization can unlock new opportunities

China Daily  

Mr.ROSARIO STRANO, head of Intesa Sanpaolo’s China Strategic Project and former COO. In this episode, China Daily website talks with Intesa Sanpaolo, the largest Italian bank, which is also an opening-up beneficiary and contributor of Chinese financial market. We are in constant touch with the central authorities, and I believe Intesa Sanpaolo's projects in China represent a good example of …

Official: China's financial industry in smooth operation
4 years, 7 months ago

Official: China's financial industry in smooth operation

China Daily  

China's financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission told Xinhua in an interview. This year, China has lowered the average reserve requirement ratio three times while providing financial institutions with 1.8 trillion yuan worth of re-lending and rediscount quotas, which effectively cranked up the development of …

China among high-performing financial inclusion countries in Asia: report
4 years, 8 months ago

China among high-performing financial inclusion countries in Asia: report

China Daily  

Tourists appreciate the skyline view of Lujiazui area at the Bund in Shanghai, East China, on Jan 6, 2020. The "Asian Index of Financial Inclusion Ecosystem," unveiled on Thursday, is designed to evaluate the overall situation of the financial inclusion ecosystem of Asian sample countries, according to the BFA. Through continuous reform, China has built up a diversified and widely-covered …

China to strengthen financial support for enterprises
4 years, 8 months ago

China to strengthen financial support for enterprises

China Daily  

A clerk counts cash at a bank in Nantong, South China's Jiangsu province. China will focus on improving financial services to micro, small and medium-sized enterprises in an effort to ensure their sound development, according to a State Council executive meeting on Wednesday. The meeting, presided over by Chinese Premier Li Keqiang, said that special local government bonds will be …

China to further ease corporate burdens
4 years, 9 months ago

China to further ease corporate burdens

China Daily  

China will encourage its financial institutions to make interest concessions as appropriate to businesses to help keep economic fundamentals stable, and ensure that all fee-cutting measures are fully executed on the ground in an effort to ease corporate burdens. Premier Li Keqiang said fiscal and financial measures should be fully employed to help small and micro businesses survive, and encouraged …

China's banking, insurance regulator vows efforts to help SMEs overcome coronavirus troubles
4 years, 9 months ago

China's banking, insurance regulator vows efforts to help SMEs overcome coronavirus troubles

China Daily  

China's banking and insurance regulator on June 4 pledged continued efforts to help micro, small and medium-sized enterprises overcome coronavirus-related challenges and take the country's reform and opening-up in the financial sector to a deeper level. The spokesperson also dismissed concerns about the prosperity and stability of the Hong Kong Special Administrative Region and its status as an international financial …

Technology, innovation boost financial inclusion in China
5 years, 7 months ago

Technology, innovation boost financial inclusion in China

China Daily  

An online store owner applies for a loan through a MYBank mobile phone app in Jingdezhen, Jiangxi province. Digital financial inclusion will bring changes to financial concepts and the organizational structure of financial institutions, restructure their business procedures, and improve their data integration capability and technical skills," said Zeng in delivering a report at the second China financial inclusion innovation …

China further opens up its financial sector to foreign investment
6 years, 8 months ago

China further opens up its financial sector to foreign investment

China Daily  

A Chinese employee interacts with his foreigner colleague at an Eastman Chemical Company plant at Kingsport, Tennessee, the US, on May 22. Since its accession to the WTO, China has advanced reform of its financial system and pushed the opening of its financial market into further depth and width. From the end of 2017, China has announced a series of …

China should open up financial sector: Think tank
7 years, 6 months ago

China should open up financial sector: Think tank

China Daily  

HANGZHOU — China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. "The pace of financial opening up has fallen behind the real economy.. China has every reason to carry forward reform to realize sustainable economic development, prevent systematic financial risks and play a greater role in global …

Support for real economy
7 years, 11 months ago

Support for real economy

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. The People's Bank of China and the Ministry of Industry and Information Technology, together with the country's banking, securities and insurance regulators, jointly issued a guideline recently aimed at providing greater financial support …

Guidelines for establishing the green financials system
8 years, 6 months ago

Guidelines for establishing the green financials system

China Daily  

China is at a crucial stage of economic structural adjustment and transformation for its development model. The green financial system refers to the institutional arrangement that utilizes financial instruments such as green credit, green bonds, green stock indices and related products, green development funds, green insurance, and carbon finance, as well as relevant policy incentives to support the green transformation …

China, other G20 members contribute to global financial governance
8 years, 6 months ago

China, other G20 members contribute to global financial governance

China Daily  

China's central bank vice governor Yi Gang, head of China's State Administration of Foreign Exchange, answers a question at a news conference during the annual session of the National People's Congress, the country's parliament, in Beijing, March 12, 2015. HANGZHOU - China has worked closely with other G20 members in the fields of macroeconomic policy coordination, innovative growth and more …

Golden opportunity to embrace green growth[1]- Chinadaily.com.cn
9 years ago

Golden opportunity to embrace green growth[1]- Chinadaily.com.cn

China Daily  

Will China make concrete progress toward its vision of a more inclusive and sustainable society in 2016, rebalancing its economy to better address the related challenges of eradicating poverty, reducing inequality and protecting the environment? Recent news reports suggest China has set a target of reducing its carbon intensity by 18 percent from 2015 levels by 2020, beyond its 2009 …

China's financial risks controllable: official
9 years ago

China's financial risks controllable: official

China Daily  

BEIJING -- China will be able to keep financial risks under control as financial processes develop, a senior official of China's cabinet research office said Saturday. China's financial system is sound overall, although the overuse of some financial tools could cause certain risks, said Huang Shouhong, deputy director of the State Council Research Office, at a news conference. The government …

Bank chief stresses financial security for more open China
9 years, 4 months ago

Bank chief stresses financial security for more open China

China Daily  

BEIJING - China must build a more effective financial security system to cope with possible overseas attacks or sanctions, according to the governor of the country's central bank. Financial security is essential to a national security, and the success of financial reform hinges on stability in the sector, Zhou Xiaochuan said in an article published in the People's Daily on …

China to modernize financial market system
9 years, 4 months ago

China to modernize financial market system

China Daily  

BEIJING - China will modernize its financial market system in the next five years, said a senior official of the central bank. Pan Gongsheng, deputy head of the People's Bank of China, said at a forum on Saturday that more financial business will be carried out to make the market more elastic. Internet financing, venture investment funds, industrial investment funds, …

China to set up national financing guarantee fund
9 years, 7 months ago

China to set up national financing guarantee fund

China Daily  

BEIJING - China's State Council, the country's cabinet, on Friday announced it will set up a national financing guarantee fund in the latest effort to boost financial support to the real economy. China will speed up development of the financing guarantee industry and deepen reforms in the sector to ease financing difficulties for small- and micro-sized business, as well as …

Financial system's shortcomings 'need to be filled'
9 years, 10 months ago

Financial system's shortcomings 'need to be filled'

China Daily  

Southeast Asia lacks wherewithal to play role in helping to bring One Belt, One Road together, experts say As the One Belt, One Road initiative unfolds, Chinese policymakers have the chance to finally give finance and the financial system the prominence they deserve as the country works with its neighbors in Southeast Asia, experts say. "China has been very successful …

Guangdong to deepen financial reforms
10 years, 9 months ago

Guangdong to deepen financial reforms

China Daily  

GUANGZHOU - The government of South China's Guangdong province said on Wednesday that it will deepen financial reforms and encourage more private capital into the financial market. Social capital and provincial enterprises will be supported to participate in the capital increase, and share expansion and restructuring of such local financial institutions as rural, urban commercial banks or rural credit cooperatives, …

Financial reforms 'should benefit real economy'
12 years, 2 months ago

Financial reforms 'should benefit real economy'

China Daily  

IMF deputy managing director warns a misshaped industry will send development down wrong track Financial reform in China should place a priority on meeting the needs of the real economy, or the part of the economy pertaining to goods and services, Zhu Min, deputy managing director of the International Monetary Fund, said on Tuesday. "A misshaped financial industry won't stimulate …

Meeting on financial reform path
18 years, 2 months ago

Meeting on financial reform path

China Daily  

By Bing Lan Updated: 2007-01-19 07:28 China's top-level conference for the development of the financial sector, to be held today and tomorrow in Beijing, will chart the guidelines for the next stage reforms. The remodeling of management mechanism for State interests in financial institutions is expected to be the issue that attract most attention at the 2007 conference because of …

Meeting on financial reform path
18 years, 2 months ago

Meeting on financial reform path

China Daily  

By Bing Lan Updated: 2007-01-19 07:28 China's top-level conference for the development of the financial sector, to be held today and tomorrow in Beijing, will chart the guidelines for the next stage reforms. The remodeling of management mechanism for State interests in financial institutions is expected to be the issue that attract most attention at the 2007 conference because of …

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