xinhua

Lock-up shares worth about 62.9 billion yuan (around 9.2 billion U.S. dollars) will become eligible for trade on China’s bourses next week. From Feb. 20 to 24, more than 3.42 billion shares will become tradable on the Shanghai and Shenzhen bourses, according to data from financial information provider Wind. Under China’s stock market rules, major […]

China’s central bank plans to issue 25 billion yuan (about 3.67 billion U.S. dollars) worth of bills in Hong Kong next Tuesday. The central bank bills will be issued in two batches. One is worth 10 billion yuan with a maturity of three months, or 91 days. The other is worth 15 billion yuan with […]

China’s renewable energy industry continued to lead globally in 2022, National Energy Administration official Wang Dapeng said on Monday. China-made photovoltaic modules, wind turbines, gear boxes and other key components accounted for 70 percent of the global market share last year, Wang said at a press conference. “The center of gravity of the global new […]

The Agricultural Bank of China, one of the country’s largest commercial lenders, has pledged stronger financial support for spring farming. The bank said it will strive to issue more than 160 billion yuan (23.48 billion U.S. dollars) in loans for spring farming preparations this year, and will improve the efficiency of financial services. The financial […]

Zhao Long, who works at a railroad signal workshop, used to worry a great deal about the safety of maintenance personnel during the annual Spring Festival holiday, as increased passenger and train traffic due to travel rush leave less time for maintenance. Thanks to the introduction of a personnel protection system supported by the BeiDou […]

The value of products registered by the Insurance Asset Management Association of China, an organization for the country’s insurance asset management industry, exceeded 1 trillion yuan (about 147.3 billion U.S. dollars) in 2022. Of the 529 projects registered during the period, 485 were registered for debt investment plans and 23 for equity investment plans, with […]

South Korea’s foreign exchange trading rose last month on surging demand for the U.S. dollar and foreign currency derivatives, central bank data showed on Thursday. The daily average transaction of foreign currencies and foreign currency derivatives in the local interbank market came to 31.68 billion U.S. dollars in January, up 5.74 billion dollars from the […]

Two-thirds of global sales of battery electric vehicles (BEVs) in 2022 were in China, according to a study published by auditing and consulting company PwC Strategy& (Germany) on Tuesday. As global BEV sales in 2022 grew by 70 percent year-on-year, China as the world’s largest BEV market sustained its “dramatic expansion of recent years,” PwC’s […]

China’s national observatory renewed a blue alert on Wednesday morning, forecasting snowstorms in parts of the northwestern and central regions of the country. From 2 p.m. Wednesday to 2 p.m. Thursday, heavy snow is expected in parts of several provincial-level regions, including Inner Mongolia Autonomous Region, Gansu, Shaanxi, Shanxi and Henan, according to the National […]