-
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…
-
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…
-
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…
-
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…
-
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…
-
China’s Financial Market: Short-Term and Mid-to-Long-Term Policy Focus
Read more: China’s Financial Market: Short-Term and Mid-to-Long-Term Policy FocusAug. 20 2024 (InvestinChina.asia) — A report by Hua Chuang Securities outlines the current policy focus in China’s financial market, with a short-term emphasis on stabilizing growth measures and a mid-to-long-term focus on the effectiveness of policies and their impact on the fundamentals. Short-Term Policy Focus: Ongoing Implementation of Growth-Stabilizing Policies The July 30 Politburo…
-
China’s Economy Faces Major Drags Beyond Real Estate, Report Says
Read more: China’s Economy Faces Major Drags Beyond Real Estate, Report SaysAug. 18, 2024 (InvestinChina.asia) — A report by Hua Chuang Securities indicates that, in addition to the drag exerted by the real estate sector, a category labeled “other industries” is also significantly weighing on China’s economy. The “other industries” category comprises seven sectors: scientific research and technical services; water conservancy, environmental and public facility management;…
-
China Further Eases Restrictions on Foreign Strategic Investment in Listed Firms
Read more: China Further Eases Restrictions on Foreign Strategic Investment in Listed FirmsChina’s Ministry of Commerce (MOFCOM) announced plans to further relax restrictions on foreign strategic investment in listed companies, part of a broader push to open up its markets to international investors. During a press conference held by the State Council Information Office on August 16, Li Yongshu, Deputy Representative for International Trade Negotiations at MOFCOM,…
-
Shanghai and Shenzhen Stock Exchanges End Real-Time Disclosure of Northbound Trading Data
Read more: Shanghai and Shenzhen Stock Exchanges End Real-Time Disclosure of Northbound Trading DataThe Shanghai and Shenzhen Stock Exchanges announced recently that they will adjust the existing disclosure mechanism for northbound trading under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. Effective August 19, 2024, the exchanges will no longer provide real-time data on northbound trading volumes, including buy and sell transactions, and total trading amounts. Northbound…
-
China Seeks Feedback on Prohibiting Local Governments from Offering Incentives for IPOs
Read more: China Seeks Feedback on Prohibiting Local Governments from Offering Incentives for IPOsThe State Council of China is soliciting public feedback on draft regulations that prohibit local governments from offering incentives for company listings and allow sponsorship services to be charged in phases according to work progress. In a recent move aimed at regulating services related to public stock offerings, enhancing the quality of listed companies, protecting…