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China Tightens Rules on Municipal Infrastructure Debt
Read more: China Tightens Rules on Municipal Infrastructure DebtAugust 26, 2024 (InvestinChina.asia) – China’s Ministry of Finance and five other departments have introduced stricter regulations to prevent illegal borrowing for municipal infrastructure projects with no or insufficient returns. The new measures aim to strengthen budgetary discipline and curb government debt risks. Key Points No Unlawful Borrowing Budget Discipline Repayment Priorities Asset Management Effective…
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China Launches New Fund to Ensure Safety and Maintenance of Older Buildings
Read more: China Launches New Fund to Ensure Safety and Maintenance of Older BuildingsAugust 26, 2024 (InvestinChina.asia)- China is piloting a new house pension system aimed at ensuring the safety and maintenance of residential buildings throughout their lifecycle. This initiative, which involves both personal and public accounts, seeks to address the challenges posed by aging urban housing stock without burdening homeowners with additional costs. Overview of the House…
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China’s Solar Power Capacity Soars 50% as Total Installed Generation Reaches 3.1 Billion kW
Read more: China’s Solar Power Capacity Soars 50% as Total Installed Generation Reaches 3.1 Billion kWAug. 23 2024 (InvestinChina.asia) – China’s installed power generation capacity reached approximately 3.1 billion kilowatts (kW) by the end of July, marking a 14% year-on-year increase, according to data released by the National Energy Administration (NEA) on August 23, 2024. Notably, solar power capacity surged to about 740 million kW, up 49.8% from the same…
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China Sees Surge in Applications for Car Scrappage Program
Read more: China Sees Surge in Applications for Car Scrappage ProgramAug. 22 2024 (InvestinChina.asia) – China’s Ministry of Commerce (MOC) reported on Thursday（Aug. 22 2024） that applications for subsidies under the country’s car scrappage program have surged in recent months, indicating strong participation in the initiative aimed at boosting the auto industry. As of midday today, the MOC’s car scrappage information platform had received over…
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Seasonal Factors Have Significant Impact on China Stock Market Sentiment, Says CSC
Read more: Seasonal Factors Have Significant Impact on China Stock Market Sentiment, Says CSCAug. 22 2024 (InvestinChina.asia) – Seasonal factors have a significant impact on investor sentiment in the China stock market, according to an analysis released by China Securities Co., Ltd. (CSC). The analysis focused on seasonal patterns in market sentiment, including the spring market working up (春季躁动), the period around New Year’s Day and Chinese New…
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China’s July Electricity Consumption Rises 5.7% Year-on-Year
Read more: China’s July Electricity Consumption Rises 5.7% Year-on-YearAug. 22 2024 (InvestinChina.asia) – China’s total electricity consumption in July 2024 reached 939.6 billion kilowatt-hours (kWh), marking a year-on-year increase of 5.7%, according to data released by the National Energy Administration (NEA). Breaking down the figures by sector, first-industry consumption (primarily agriculture) stood at 14.2 billion kWh, up 1.5% year-on-year. Second-industry consumption (mainly manufacturing…
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China Seeks to Boost Venture Capital via Insurance Funds
Read more: China Seeks to Boost Venture Capital via Insurance FundsAug. 21 2024 (InvestinChina.asia) – China’s financial regulator said on Aug. 21 2024 it is considering increasing the proportion of insurance funds invested in venture capital funds as part of efforts to boost long-term and patient capital in technology firms. Wang Shengbang, director of the Legislation Department at the National Financial Supervision and Regulation Administration…
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China Issues Guidelines to Improve Market Access
Read more: China Issues Guidelines to Improve Market AccessAug. 21 2024 (InvestinChina.asia) – In an effort to deepen market reforms and enhance the role of both the market and the government, China has unveiled new guidelines to improve its market access system. The directives, issued by the Central Committee of the Communist Party of China (CPC) and the State Council, aim to create…
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China Rolls Out New Negative List for Foreign Investment in Cross-Border Services Trade
Read more: China Rolls Out New Negative List for Foreign Investment in Cross-Border Services TradeAug. 21 2024 (InvestinChina.asia) – China’s State Council announced on Monday (Aug. 19 2024) plans to further liberalize foreign investment access by implementing a negative list for cross-border services trade, according to a statement following a regular meeting chaired by Premier Li Qiang on August 19. The council approved “The Opinion on Promoting the High-Quality…
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China’s Stock Market Seeks Solution to Low Trading Volumes
Read more: China’s Stock Market Seeks Solution to Low Trading VolumesAug. 20, 2024 (InvestinChina.asia)— Huatai Securities has released a report indicating that China’s stock market needs positive signals of strong economic performance to break out of its current low trading volumes, with key clues likely to emerge in the third quarter. The report also examines historical periods of low trading volumes and the factors that…