The People’s Bank of China, the country’s central bank, maintained a key policy rate on Friday, leaving most economists disappointed having expected a lowering of the rate to boost the economy during the current Covid outbreak, reports Bloomberg. The PBOC kept the rate on its one-year policy loans at 2.85% on Friday. Sixteen of the […]
Category: Law & Regulation
The solar power sector is the newest industry to be affected by China’s recent Covid-related restrictions, with manufacturers lowering production levels thanks to shipment delays and staffing issues, reports Bloomberg. Solar companies are seeing a “severe impact” on both panel production and installations from the most recent round of virus outbreaks in China, according to […]
Regulators in China have given the go-ahead to 45 new online games after a nine-month hiatus from granting approvals, reports the Financial Times. The move is the first sign that the government is easing its restrictions on the previously booming sector. China’s biggest tech companies, including gaming giant Tencent, have come under heavy regulatory scrutiny […]
The China Securities Regulatory Commission (CSRC), China’s top securities regulator, plans to increase efforts to implement new rules regarding overseas IPOs, reports Caixin. The CSRC will keep the channel of overseas listings unclogged, Chairman Yi Huiman said in a speech to a business group. This is a reiteration of the commission’s commitment on March 16 […]
China intends to increase policy measures in a timely fashion to aid the economy while researching new stimulus plans, according to the country’s premier Li Keqiang, reports Reuters. China’s worst COVID-19 wave since the Wuhan outbreak, the escalating Ukraine crisis and a sharp downturn in the domestic property sector are roiling the country’s financial markets. […]