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China's central bank conducts reverse repos Tuesday

China's central bank conducts reverse repos Tuesday

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] BEIJING - China's central bank conducted 68.3 billion yuan ($9.64 billion) of seven-day reverse repos at an interest rate of 1.5 percent Tuesday. The move aims to kee

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China's money supply recovers

China's money supply recovers

The growth in China's broad money supply recovered in September, a sign that the launch of incremental policies has started to revive market confidence, however, financing activity remains lukewarm, official data showed on Monday. China's broad money supply, or M2, stood at 309.48 trillion yuan ($43

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China rolls out measures to promote green finance

China rolls out measures to promote green finance

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 t

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China's major lenders unveil measures for mortgage rate adjustment

China's major lenders unveil measures for mortgage rate adjustment

A saleswoman (right) shows a model of a newly developed residential area to a potential homebuyer in Taiyuan, Shanxi province, May 17, 2024. [Photo/VCG] BEIJING -- China's major national commercial banks unveiled Saturday detailed measures to adjust interest rates for outstanding mor

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Chinese market enthusiastic about emerging technologies

Chinese market enthusiastic about emerging technologies

Visitors check out Chinese tech company iFlytek's large language model during the 2024 World Artificial Intelligence Conference in Shanghai in July. [Photo/Xinhua] As the development of generative artificial intelligence continues to grab headlines, more value is expected to be deriv

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China's central bank conducts reverse repos Thursday

China's central bank conducts reverse repos Thursday

BEIJING - China's central bank conducted 150 billion yuan ($21.2 billion) of seven-day reverse repos at an interest rate of 1.5 percent Thursday. The move aims to keep liquidity in the banking system reasonable and ample, the central bank said. A reverse repo is a process in which the central bank p

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China to boost financing support for data development, utilization

China to boost financing support for data development, utilization

BEIJING - China will increase fiscal support for the data industry by tapping into the central government's budget and ultra-long special treasury bonds to improve the management, development, utilization and security of data resources, an official said on Thursday. Chen Ronghui, deputy head of the

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Hongqi gifted to China's athletes for Olympic success

Hongqi gifted to China's athletes for Olympic success

Liu Changqing, assistant to the general manager of FAW Group and vice-president of the Hongqi brand operations committee, and gymnast Liu Yang. [Photo provided to chinadaily.com.cn] Chinese vehicle brand Hongqi delivered EH7 Glory Edition sedans to Olympic athlete representatives on

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