Policy

Currencies in basket for calculating yuan's value to be expanded to 24

The CFETS announced on Thursday that the number of currencies in the basket for measuring the yuan's performance will be increased from 13 to 24.  

China issues white paper on transport development

The State Council Information Office issued a white paper on China's transport network on Thursday.

Wider tax cuts expected next year: MoF

Wider tax cuts are expected next year thanks to China's replacement of business tax with VAT.

China mulls flexible car loan policy to encourage auto sales

China is planning to issue a flexible loan policy for car purchases to boost car sales.

China encourages asset securitization in PPP infrastructure projects

A statement released by two Chinese commissions on Monday says that public-private partnerships (PPPs) in the infrastructure sector will now be allowed to raise funds through asset securitization.

Environmental taxes to all go to local governments

China's environmental tax law got the nod from the top legislature on Sunday. Under the new regulation, tax revenue will all go to local governments for enhanced environmental governance.

Market

Fed rate hikes may have less impact on China's stock market :economists

A share has its own characteristics, the ultimate impact of the Federal Reserve rate hikes on China's stock market may relent.

China approves launch of five new private banks

China's banking regulator on Tuesday gave approval to five new private banks, bringing the total number of private lenders to 16.

Insurance companies invest less in stock market

This year, the total amount of insurance funds invested in the stock market shrank significantly.

Salt tracking system to set up in China

A digital salt tracking system and salt enterprise credit system will be set up to ensure table salt security and stabilize salt prices.

China lifts 13-year import ban on Japanese carp

China has resumed imports of Japanese koi, removing a ban imposed amid viral disease outbreaks at Japanese fishing farms in 2003, authorities in Shanghai said Tuesday.

China's IPO market heats up in 2016

According to reports, 12 companies are expected to go public on the A-share market this week, bringing the number of new listings to 245 in 2016.

Companies

With e-car plant work, LeEco signals grip on cash flow woes

Chinese tech major LeEco kicked off its 3 billion US dollars auto plant project in Deqing county, Zhejiang province, on Wednesday.

WH Group debut on Fortune 500

Hong Kong-based meat processor WH Group (00288, HK) has been listed on Fortune 500 this year and is expected to tap the market with greater effort.

Significant coal-to-liquid project in production in Ningxia

The world's biggest single coal-to-liquid (CTL) project went into production Wednesday in northwest China's Ningxia Hui Autonomous Region, breaking the longtime foreign monopoly in CTL core technology.

OPPO to build $216 mln industrial park in India

Headquartered in South China's Guangdong Province, smart phone manufacturer OPPO plans to invest 216 million US dollars to build an industrial park in India.

Marubeni announces overseas debut sale in China

Japanese integrated trading and investment giant Marubeni Corporation (Marubeni) announced on Tuesday to export its homegrown pharmaceutical products to China.

Bohai to buy jet leasing firm in US

Bohai Capital Holding Co Ltd, a Chinese finance leasing company, is to fully acquire US commercial jet leasing firm C2 Aviation Capital for 10 billion US dollars in cash.

Investment

New areas opened to offshore investors

China is opening more sectors to foreign investment and introducing a slew of measures to invite participation, top officials said.

Public offered funds crazing for "going abroad"

It is evident that the biggest "foreign investment tide" of public offered funds in a decade is taking shape, according to the report by Shanghai Securities News.

Declining stocks not scare off venture capitals in film and TV sector

Despite the poor performance of film and TV stocks, film and TV companies remain the pursuit of venture capitals.

China to further encourage new trade methods

China is to encourage new trade methods including cross-border e-commence and automobiles parallel import, said the 2016 national commerce work conference held in Beijing.

China to initiate international operations in key sectors of the space field: white paper

According to the white paper, China will embrace a more open approach and carry out international exchanges and cooperation in key sectors of the space field.

Equity assets allocation likely to remain the investment focus

Judging from the macroeconomic conditions home and abroad and current allocation trends, insurers are likely to keep their focus on allocation of equity assets and alternative assets.

Chengdu Opening-up

Online hospital opens in Sichuan

A new online hospital catering to women and children was launched in Chengdu, Sichuan province, on Wednesday.

Chengdu Hot Pot Month Festival opens

The Chengdu Hot Pot Month Festival, hosted by Chengdu municipal government, kicked off on Wednesday.

Oldest 'panda grandpa' dies at 31

Pan Pan, the world's oldest male panda, dies at 31 in southwest China's Sichuan Province on Wednesday.

Sichuan introduces helicopter into highway rescue

Sichuan will be able to carry out highway rescue, operate monitoring and provide public service by the usage of civil aircrafts including helicopter.

Chengdu to build China's largest rail network

Chengdu is expected to build China's largest urban rail transport network with a mileage of 2450 kilometers and a total of 46 circuits.

3000 new-energy vehicles to be put into use in Chengdu in 2017

Pandauto, a Chinese smart car hailing platform, will put 3000 new-energy cars into service in Chengdu and 20,000 in Sichuan in the next 5 years.