China’s State Council issued the Guiding Opinions on Financial Support for Adjusting, Transitioning and Upgrading of the Economic Structure, which reiterate that the government will maintain a prudent monetary policy and a reasonable money and credit supply to support economic restructuring. Detailed information can be found below. According to the Opinions, China’s economic outlook is [...]
Development zones are not a Chinese creation, but China in particular has found tremendous success with this economic tool. Historically, the liberal business environment in these areas have allowed foreign enterprises to operate more comfortably in the Chinese business environment, sheltered from the bureaucracy and red tape that often characterizes the rest of the country [...]
As investment from the mainland cools down after an eight day winning streak, shares in Hong Kong has closed down yesterday with the Hang Seng Index down the most in Asia falling by 1 percent with buying using a trade link with Shanghai. Mainland investors bought around 2.4 billion yuan Monday using the Shanghai Hong [...]
The tourist resources of the Federated States of Micronesia are almost equal with tourist resources of Malaysia and Thailand which are favorites of Chinese travelers, now the Federated States of Micronesia are welcoming tourists and investors starting yesterday. According to FSM’s Ambassador to China Akillino H. Susaia who is visiting Shenzhen for a trade and [...]
In a bold move to help support development and innovation in the capital markets, China Securities Depository and Clearing Co. have allowed investors to open multiple A-share trading accounts. Chinese stocks hit a seven year high which shakes off investors concerns that in spite a looming initial public offering will drag down a recent run [...]
The city is planning to open a job fair that is designed for foreign jobseekers. This job fair will be a sideline event of the 13th Conference on International Exchange of Professionals. The fair will be held April 18 and 19 and it will be at the Shenzhen Convention and Exhibition Center. The job fair [...]
Alibaba Group Holdings and its finance affiliate will be speeding up a drive to become a full fledged Chinese online financial network as the launch of an e-commerce tracking stock index and is planning an Internet bank in June. Ant Financial Services Groups CSI Taojin Big Data Index 100 will be the first of its [...]
In its latest efforts in reducing enterprises burdens and to boost market vitality, the Chinese government has eliminated random government fees for firms within six months of its establishment. The new campaign targets administrative fees and government funds that force enterprises to pay for its approval, entry, market supervision and guild membership. Although China has [...]
Hong Kong stocks surged in the past two days as investors in the mainland has flooded the market with cash. The Hang Seng Index hit the highest point in seven years and continues to soar pushing the market up 6.6 percent for this week and 14 percent for the year. Analysts stated that the investors [...]
China has finally loosen up capital controls for foreign funded firms and now allows them to convert a foreign currency capital into yuan in order to help them hedge currency risks and to cut costs. According to the new regulations given by the State Administration of Foreign Exchange, foreign firms are allowed to convert up [...]
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