China raises reserve-fund ratio for third-party payment firms to 100%
The People’s Bank of China has notified third-party payment firms that they will have to deposit all of their reserves of client funds into a centralised account by January of next year, Cai... Read more
China plans to create a chemical industry powerhouse through a merger of state-run giants Sinochem and ChemChina, as Beijing continues to streamline its massive, debt-laden state-owned secto... Read more
China to further ease foreign investment restrictions
The National Development and Reform Commission, China’s top economic planning body, has published a list of industrial sectors to receive lifts on foreign investment restrictions, in a long-... Read more
China’s National Development and Reform Commission (NDRC) has instructed real estate developers planning to issue bonds to repay any outstanding debt first, reports Caixin. In an official st... Read more
The results of a Bloomberg survey suggest that the market expects China’s policy makers to intervene should the yuan continue its downward path, citing the 6.7 yuan-to-dollar level as a like... Read more
