Members of the public visit an auto expo in Dongying, Shandong province, on April 11. [LIU ZHIFENG/FOR CHINA DAILY] China’s top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. “We hope that the … Continue reading Calls for policy to grow country’s vehicle sales
Tag: financial
PBOC governor, Fed chairman hold meeting
Governor of the People’s Bank of China Pan Gongsheng met with US Federal Reserve Chairman Jerome Powell on the sidelines of the Spring Meetings of the International Monetary Fund and the World Bank Group on Wednesday in Washington. They exchanged views on China and US economic developments, monetary policy, financial stability and other issues of … Continue reading PBOC governor, Fed chairman hold meeting
Chinese, German banks issue first batch of $140m funds
[Photo/VCG] The China Development Bank and Landesbank Baden-Wurttemberg, a major bank of Germany, have issued the first batch of 1 billion yuan ($140 million) of funds for areas such as small and mid-sized enterprises, third-party markets, green finance and sustainable finance under the framework of cross-border renminbi cooperation, CDB announced on Wednesday. The move is … Continue reading Chinese, German banks issue first batch of $140m funds
China advances financial services for manufacturing industry
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday. The joint report published by the National Financial Regulatory Administration, the Ministry … Continue reading China advances financial services for manufacturing industry
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 further improves, there will be greater room for resolving financial risks in key areas, and such risks are expected to remain within control this year. … Continue reading Financial de-risking remains key focus in future
Qilu Bank backs measures to boost rural revitalization
A view of farmland in Shandong province. [Photo provided to chinadaily.com.cn] To develop agricultural finance, the Yantai branch of Qilu Bank is making efforts to support the development of local emerging agricultural entities and promote the marketing of farmers’ cooperatives. It is taking the lead in serving agricultural enterprises, family farms, large-scale farming and breeding … Continue reading Qilu Bank backs measures to boost rural revitalization
Qilu Bank’s efforts improve anti-fraud awareness for elderly residents
Staff members from Tianqiao branch of Qilu Bank provide services to elderly customers. [Photo provided to chinadaily.com.cn] To meet the financial needs of elderly customers, the Tianqiao branch of Qilu Bank in Jinan, Shandong province, worked together with the Chengfengqiao police station of Jinan public security bureau and the Shimao Tiancheng center community in Guanzhaying … Continue reading Qilu Bank’s efforts improve anti-fraud awareness for elderly residents
China-EU financial cooperation set to improve
[Photo/CFP] The China-EU Working Group on Financial Cooperation has held its first meeting in Beijing from Monday to Tuesday, a sign that China-EU financial regulatory cooperation is poised to gather steam. The two-day meeting gathered senior officials from both Chinese and EU financial authorities. Pan Gongsheng, governor of the People’s Bank of China, and Jorge … Continue reading China-EU financial cooperation set to improve
PBOC head calls for IMF quota reform
Pan Gongsheng, governor of the People’s Bank of China, speaks at the Boao Forum for Asia Annual Conference 2024, March 27, 2024. [Photo/VCG] Asian countries should cooperate with each other to push the reform of the quota system of the International Monetary Fund, in order to better reflect the status of Asian countries in the … Continue reading PBOC head calls for IMF quota reform
Central government departments disclose annual budgets
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] The central government departments in China have recently disclosed their annual budgets to the public. The annual income and expenditure arrangements for more than 100 government units were unveiled, showing that their focus remains on allocating … Continue reading Central government departments disclose annual budgets