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Four Chinese insurers nodded to issue 10-yr callable capital supplementation bonds
Four Chinese insurance companies have been approved of issuing 10-year callable capital supplementation bonds on the country’s interbank bond market, reported Shanghai Securities News.
China Exim Bank to crank up supports for BR construction, chairman
Chinese policy lender the Export-Import Bank of China (China Exim Bank) will pour more efforts to support constructing the Belt and Road, reported Shanghai Securities News citing its chairman Hu Xiaolian Friday.
Expert suggests big state-owned banks piloting mixed-ownership reform, report
China’s large state-owned commercial banks can try piloting mixed-ownership reform to further advance their governance system reform, reported Xinhua-run Shanghai Securities News citing Xiao Gang, ex-chairman of China’s securities regulator.
Shenzhen bourse 2019 to mull multiple rules to create more transparent trading system, report
China’s Shenzhen Stock Exchange (SZSE) vowed to continuously optimize capital market fundamental rules to craft a transparent SZSE this year, reported Securities Times Tuesday.
COSCO Shipping, Kawasaki Heavy Industries jointly build up second dockyard
The joint venture of Kawasaki Heavy Industries, Ltd and China COSCO Shipping Co., Ltd., in Dalian, has recently completed construction of the second dockyard, which has been operational since March 1, according to Chineseshipping.com.cn Tuesday.
Ping An Insurance releases generous cash dividend, A shares repo plans Tue.
Chinese insurer Ping An Insurance (Group) Company of China, Ltd. (601318.SH; 02318.HK) announced generous cash dividend distribution and A-share repurchase plans to reward investors late Tuesday, according to Xinhua-run Shanghai Securities News.
China solicits opinions on new rules for management of QFII, RQFII
China has drafted new rules for combining two investment programs for foreign institutional investors, which closed opinion soliciting on March 2 with information disclosure and wider investment scope widely focused on, reported Xinhua-run China Securitie
Analyst advises bond buyers to shorten duration, adjust inv. structure
China’s bond market buyers are advised to shorten the duration of their bond investment and adjust their bond portfolio structure to rein in risks this year, reported Xinhua-run China Securities Journal Monday.
Weekly snapshot of China's local business news
The following are highlights of China's key local business news from the past week.
Commercial 5G use likely to create RMB8.2 trln info consumption in 2020-2025, report
Commercial 5G use is expected to bring about 8.2 trillion yuan information products and services consumption during 2020 and 2025, reported the Xinhua-run Economic Information Daily citing experts Wednesday.
China’s textile & apparel trade up for 2 years in a row by 2018
China’s textile and apparel import and export grew for two consecutive years by 2018, with upstream products export increase faster than downstream ones, announced a Chinese textile industry chamber on the 29th East China Fair (ECF) earlier in March.
7 Chinese regulators issue catalogue of green industries to boost green dev.
Seven Chinese regulators publicized a catalogue of green industries to guide sector development, reported the Xinhua-run Shanghai Securities News citing a circular posted on website of China’s top economic planner Tuesday.
Guangdong outlines 3-step plan for construction of Greater Bay Area
South China’s Guangdong Province will follow its 3-step plan to help build the Guangdong-Hong Kong-Macao Greater Bay Area into a world class bay area by 2035, reported Xinhua-run Shanghai Securities News Monday.
China’s short video sector hails year of boom in 2018, report
China’s bike-sharing industry back to normal dev. path after reshuffle
China’s bike-sharing industry returns currently back to reasonable running after volatile reshuffle in the past year, reported Economic Daily.
China expected to map out more policies to boost auto consumption
China is likely to roll out more policies to stimulate new auto and second-hand vehicle consumption, reported the Xinhua-run Economic Information Daily Wednesday.
3,200 Beijing companies enters China-Singapore eco-city in Tianjin
Under the coordinated development of Beijing, Tianjin and Hebei, over 3,200 Beijing enterprises have registered in the China-Singapore Tianjin eco-city over the past five years.
Experts eye great dev. potential for financial service sector in Greater Bay Area
Financial service sector is expected to be an important engine to pillar up the new round of economic development in the Guangdong-Hong Kong-Macao Greater Bay Area, reported Xinhua-run Shanghai Securities News citing experts Tuesday.
Hainan FTZ quotes land using rights in headquarter economy & CBD areas for sale
South China coastal city Sanya-located Hainan FTZ headquarters economy and CBD areas quoted for the first time five land lots totaling 86.57 mu or 5.77 ha for sale Saturday.
China’s industrial Internet sector steps into practical development phase
China’s industrial internet sector enters now a practical development phase from the past concept-focusing development, with the drawing-near 5G era likely to bring industry size to about one trillion yuan, reported Xinhua-run Shanghai Securities News Fr
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