A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth. The country will strengthen its fiscal policy … Continue reading China revs up fiscal policy support to spur economic recovery
Tag: finance
China to issue 55 billion yuan ultra-long special treasury bonds
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] BEIJING – China will issue this year’s fourth batch of ultra-long special treasury bonds on July 24, the Ministry of Finance said Wednesday. The bonds worth 55 billion yuan ($7.7 billion) will be issued with a … Continue reading China to issue 55 billion yuan ultra-long special treasury bonds
China reports generally stable growth in final accounts for 2023
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] BEIJING — China’s final central government accounts for 2023 were generally stable, with notable progress achieved in the areas of financial reform and development, according to a report delivered to the country’s top legislature on Tuesday. Finance Minister Lan … Continue reading China reports generally stable growth in final accounts for 2023
Further limits on securities refinancing urged
A pedestrian touches the Bund Bull in Shanghai. BLOOMBERG/GETTY IMAGES As investor confidence in China’s A-share market has yet to substantially improve, finance experts stressed the need to further limit securities refinancing activity or potentially even halt it to ensure market fairness and stability. In essence, the securities refinancing market enables listed companies’ major shareholders … Continue reading Further limits on securities refinancing urged