Maldives to allow settling import payments using Chinese currency
COLOMBO – Maldivian Minister of Economic Development and Trade Mohamed Saeed has said that Maldivians will soon have the option to settle their import payments using Chinese currency, the renminbi…
China looks to strengthen regulation in capital market
People walk past the new Shanghai Stock Exchange building in Shanghai on March 29, 2023. The China Securities Regulatory Commission has announced to elevate IPO requirements, tighten delisting rules and…
Key guideline to help boost confidence
People walk past the new Shanghai Stock Exchange building in Shanghai on March 29, 2023. China released a key guideline for the high-quality development of the capital market on Friday.…
China shows signs of slowdown to aggregate social financing
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China’s financing activity showed signs of slowing down as the increment in aggregate social financing…
Financial de-risking remains key focus in future
MA XUEJING/CHINA DAILY China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy…
Foreign investors hold positive view on stocks
A billboard in Shanghai shows the level of the Shanghai Composite Index. CHINA DAILY Foreign investors hold a positive outlook on the Chinese equities market as can be seen from…
20 Chinese mainland companies debut on Micro Connect exchange
A batch of 20 Chinese mainland companies debuted on the Micro Connect (Macao) Financial Assets Exchange (MCEX) on Friday, helping these small and medium-sized enterprises to leverage overseas long-term capital,…
China advances financial services for manufacturing industry
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate…
New market rules further clarified to avoid chaos
An investor in Shanghai checks stock index movements on a mobile phone. The guideline to strictly execute the delisting mechanism released by the China Securities Regulatory Commission on Friday and…
Chinese shares close higher Wednesday
BEIJING — Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 2.14 percent to 3,071.38 points. The Shenzhen Component Index closed 2.48 percent higher at 9,381.77…