With abundant market liquidity and policy support, the issuance of small and micro financial bonds by Chinese banks surged 330% to RMB 275.28 billion ($38.74 billion) in the first five months of 2020, reported Caixin. The largest issuers include Industrial Bank, Bank of Beijing, Ping An Bank and China Citic Bank, all of which issued […]
Category: Brief
China’s strategy to transform the southern island province of Hainan into a world-class free trade port (FTP) got a boost on Monday when the government released a master plan to develop the region over the next 15 years and make it an “internationally influential, high-level” port by 2050, reported Caixin. The blueprint lists 60key measuresincluding market-opening measures, tax […]
State-owned Chinese firms bought at least three cargoes of US soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing, reported Reuters. The purchases, totaling at least 180,000 tons of the oilseed, were for […]
China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with the first back to back monthly sales increase in about two years, reported Reuters. The China Association of Automobile Manufacturers (CAAM), in a […]
China’s service providers saw the first expansion in their businesses in four months in May, as domestic demand rebounded with the easing of the Covid-19 epidemic in the country, a Caixin-sponsored survey showed Wednesday. The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the country’s services sector, […]