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China steps up financial support for high-tech sector, small businesses
China has been stepping up financial support for key fields and weak links, said Li Yunze, minister of the National Financial Regulatory Administration, at a press conference on Tuesday. By the end of August, loans to high-tech industries and long-term loans issued to the manufacturing sector grew by 13.2% and 15.9% year on year, respectively.
September 25, 2024 -
Infographic: China unveils financial package to boost economy
The People's Bank of China unveiled a financial policy package to boost the economy at a press conference on Tuesday, including cutting the reserve requirement ratio and policy interest rates, and lowering mortgage rates for existing home loans. Here are some highlights.
September 27, 2024 -
China to steer more long-term funds to capital market
China will soon introduce a new guideline aimed at further introducing more medium- and long-term funds into the capital market, said Wu Qing, chairman of the China Securities Regulatory Commission, on Tuesday.
September 26, 2024 -
China unveils fresh stimulus to boost high-quality economic development
China's central bank, top securities regulator and financial regulator on Tuesday announced at a press conference a raft of monetary stimulus, property market support and capital market strengthening measures to boost the country's high-quality economic development.
September 25, 2024 -
Official: China to create new monetary policy tools to support stock market
China's central bank will create new monetary policy tools to support the stable development of the stock market, the central bank governor said Tuesday.
September 24, 2024 -
China to cut mortgage rates for existing home loans
China will lower mortgage rates on existing home loans to a level similar to those of newly issued housing loans, Pan Gongsheng, governor of the People's Bank of China, said on Tuesday.
September 24, 2024 -
China to cut 7-day reverse repos rate from 1.7% to 1.5%
Pan Gongsheng, governor of the People's Bank of China (PBOC), said Tuesday that the central bank will reduce the interest rate of seven-day reverse repos from 1.7 percent to 1.5 percent.
September 24, 2024 -
China to further attract medium and long-term funds into capital market
China will issue a guideline to encourage medium and long-term funds to enter the capital market, the country's top securities regulator said Tuesday.
September 24, 2024 -
Official: China plans to inject capital into 6 major commercial banks
China plans to increase the tier-1 capital of six major commercial banks, an official said Tuesday.
September 24, 2024 -
Central bank governor: China to cut reserve requirement ratio in near future
China will cut the reserve requirement ratio (RRR) by 0.5 percentage points in the near future, providing about 1 trillion yuan (about 141.78 billion U.S. dollars) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People's Bank of China, said Tuesday.
September 24, 2024