High-standard financial opening-up planned

A view of the Huangpu River in Shanghai. [Photo/VCG] The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating development of foreign institutions in China, an official of the top financial watchdog told China Daily in … Continue reading High-standard financial opening-up planned

Top financial watchdog plans to aid development of foreign institutions in China

A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog … Continue reading Top financial watchdog plans to aid development of foreign institutions in China

Fitch’s outlook on fiscal policies wrong, ministry says

A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. [Photo/Xinhua] Rating Agency Fitch’s sovereign credit rating methodology and indicator system have failed to effectively and prospectively reflect the positive role of China’s fiscal policies, which are properly more proactive … Continue reading Fitch’s outlook on fiscal policies wrong, ministry says

China Eastern Airlines to launch direct flight between Shanghai and Saudi Arabia’s capital

A plane of China Eastern Airlines takes off from the Shanghai Pudong International Airport in Shanghai, Dec 9, 2023. [Photo/Xinhua] China Eastern Airlines will launch direct flights between Shanghai and Saudi Arabia’s capital Riyadh on April 27, an important extension of the flight network in the Middle East by the Shanghai-based carrier, according to official … Continue reading China Eastern Airlines to launch direct flight between Shanghai and Saudi Arabia’s capital