Policy

Elderly care sector wide open to private funds 

Thirteen departments have issued a circular encouraging private funds to enter the elderly care service sector by simplifying the approval process.

Call for pension investment funds issued

Multiple government departments are calling for the setup of pension investment funds so as to encourage social capital into senior care infrastructure and service sectors.

Development zones urged to leverage PPP models for development and construction

According to a guideline by the State Council on Monday, development zones are encouraged to leverage PPP models to boost the construction of public service and infrastructure projects.

Sichuan to invest 100 mln yuan at tourism talent development of minority areas

Sichuan province has earmarked 100 million yuan (14.58 million US dollars) for tourism talent development in minority areas. The special fund will be delivered during the 2016-2020 period.

China to create over 50 mln new urban jobs by 2020

China will create over 50 million new urban jobs by 2020, according to the employment facilitation plan for the 2016-2020 period released by the State Council.

Market

Zheng's view: Trading volume of China's A-shares increased

For those with an underweight portfolio, you may increase your investment. Otherwise, it is better to stay the course.

China's January exports up 15.9 pct, imports up 25.2 pct

China's exports in yuan-denominated terms rose 15.9 percent year on year in January, while imports increased 25.2 percent, customs data showed on Friday.

China art auction market on the rebound

The turnover of China's antique and art auctions in 2016 surged by 16 percent year on year to reach 19.5 billion yuan (2.8 billion US dollars), rebounding to a level last seen in 2014, according to the China Association of Auctioneers.

IPOs set to double to USD 44 billion

The amount of China's initial public offerings is expected to total 300 billion yuan (43.59 billion US dollars) in 2017－double that of last year－as a result of several official initiatives supporting them, analysts said on Thursday.

Guangdong sees robust growth of high-tech firms

South China's Guangdong Province saw robust growth of high-tech firms last year with heavy investment during a national innovation drive.

2.066 bln yuan floods into Shanghai equities Monday

On Monday, HK investors sent 2.776 billion yuan (404.64 million US dollars) into the A-share market with 2.066 billion yuan (301.15 million US dollars) flowing to Shanghai equities.

Companies

Hermes sees 7.6% growth in Q4

Figures show that French luxury brand Hermes grows by 7.6% in its Q4 revenue, with its business in Europe, Japan and Chinese Mainland market being the driving force.

Ant Financial tipped to be raising expansion funds

There's speculation that Ant Financial Services Group is in talks to raise over 3 billion US dollars to bankroll its overseas expansion.

Country Garden sales top China property market in Jan.

Country Garden, a real estate developer based in China's Guangdong Province, recorded 48.6 billion yuan (7.1 billion US dollars) by sales in January, 2017 to be the No. 1 of the market.

Citi China gets license for bond settlement

Citigroup became the first US bank to receive a bond settlement license from the People’s Bank of China to allow it to participate in the country’s interbank bond market.

China's Yancoal acquires Australian coal assets of Rio Tinto

China's Yancoal Australia will take over Rio Tinto's coal assets in Australia in a deal worth 2.35 billion US dollars.

Shansong secures $50 mln in series C

Chinese intra-city delivery provider Shansong receives a 50 million US dollars in series C funding round and sets to expand the market.

Investment

INFO: 2017 Boao Forum for Asia

BFA Annual Conference 2017, themed with “Globalization and Free Trade: The Asian Perspectives”, is to be held from March 23 to 26 in Boao, Hainan Province.

China's retailing rebounds, stocks see structural opportunities

Figures showed eye-catching rebound for shops and restaurants across China during the Spring Festival holiday.

Sanjiangyuan National Park to invest 1 bln yuan in infrastructure in 2017

Sanjiangyuan National Park will also carry out an investigation of natural resources, define the ownership of natural resource assets and use big data to conduct scientific and managerial research.

Chinese insurers invest 240 bln USD into infrastructure, livelihood improvement

Chinese insurers had initiated 651 investment projects with registered capital of 1.65 trillion yuan (about 239.65 billion U.S. dollars) by the end of 2016.

Beijing attracts 671 new 'cutting-edge' projects in 2016

A total of 671 major projects in high-tech and sophisticated industries were registered in Beijing in 2016.

China to build world's brightest light source facility

China plans to build a next-generation synchrotron radiation facility in Beijing.

Chengdu Opening-up

Chengdu imports growth reaps No. 1 of sub-provincial cities

Imports and exports value of Chengdu totalled 271.34 billion yuan (39.50 billion US dollars) in 2016, of which the imports climbed by 31% year-on-year and tops, for the first time, the rank among national sub-provincial cities.

Chengdu selected pilot city for Made in China 2025

As provincial city of Southwest China's Sichuan Province, Chengdu has been approved as a pilot city for China's first ten-year national plan for manufacturing transformation, "Made in China 2025".

Chengdu hi-tech zone invention patents stand front in national rank

Latest figure shows that the number of invention patents reached 146.1 pieces every 10,000 persons in Chengdu Hi-tech Industrial Development Zone, standing in front ranks of China's national hi-tech zones in 2016.

Chengdu's big grants for innovation

Southwest China's Chengdu released measures to bolster the future development of Jingrong Town, a business startup center in the city. Generous aids, up to 14.53 million US dollars for an isolated project, will be allowed to qualified innovative initiatives.

Chengdu hi-tech zone reaps No. 3 in national ranking

An evaluation result, by Torch High Technology Industry Development Center, Ministry of Science & Technology, reveals that Chengdu Hi-tech Industrial Development Zone ranks the third among national hi-tech zones in 2016.

 

Email: lansuying@nbd.com.cn