China’s central bank launches swap facility to bolster capital market
BEIJING, Oct. 18 (Xinhua) — China’s central bank on Friday launched the Securities, Funds and Insurance companies Swap Facility (SFISF), with the first batch of application quota exceeding 200 billion…
Hot topics set for discussion in Beijing
A bilingual sign for the Annual Conference of Financial Street Forum 2024 is prominently displayed on Beijing Financial Street to promote the event. SONG JIARU/FOR CHINA DAILY A prestigious financial…
Intl institutions choose hub in heart of capital
Financial Street is a bustling economic hub in downtown Beijing, where more than 1,900 financial institutions from China and abroad have made a presence. WEN ZHAO/FOR CHINA DAILY As the…
Global photography to shine at Xiamen festival
An Obstacle in the Way , by Cristina De Middel The 10th edition of the Jimei × Arles International Photo Festival is set to take place in Xiamen, Fujian province…
Chinese shares soar on Friday
Chinese stocks saw a surge in growth on Friday, with the benchmark Shanghai Composite Index up 2.91 percent at 3,261.56 points. The Shenzhen Component Index closed 4.71 percent higher at…
China’s central bank launches re-lending facility and swap program to boost capital market development
China’s central bank on Friday officially launched a re-lending facility and a swap program as two new monetary policy tools to boost the country’s capital market development. The People’s Bank…
China’s central bank may cut RRR by 0.25-0.5 percentage points by year-end: governor
The Annual Conference of Financial Street Forum 2024 kicks off in Beijing on October 18. (Photo: Courtesy of Organizing Committee of Financial Street Forum) The People’s Bank of China (PBC)…
China’s service output up 4.7 pct in first three quarters
BEIJING, Oct. 18 (Xinhua) — China’s value-added service output increased by 4.7 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics…
Cultural heritage gets a twist at Shandong expo
Visitors experience traditional Chinese medicine at the eighth China Intangible Cultural Heritage Expo that opened in Jinan in Shandong province on Thursday. During the ongoing eighth China Intangible Cultural Heritage…
New power grid project begins operations in Jiangsu
A 500-kilovolt power grid project commenced operations in East China’s Jiangsu province recently, to address the surging power demand, marking the first of its kind in the region this year,…