Recently, the intensive repurchase of Ping An in China has attracted the attention of the market.In fact, since the beginning of this year, foreign capital has also intensively increased some insurance stocks. According to the 'Securities Daily' reporter, as of May 15th this year, foreign capital (northbound capital) has added positions to PICC, China Pacific Insurance and New China Life Insurance. Among them, the shareholding of PICC increased by 125% compared with the end of last year.The insurance sector plunged 39% last year. Since this year, the insurance sector has not stopped fa...
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Special bonds will be issued in the second quarter or exceed 2 trillion yuan at the peak of issuance.Multi-channel funds rush to speed up infrastructure investmentWith the acceleration of infrastructure investment, the capital side has also increased its efforts. The industry expects that the issuance scale of special bonds in the second quarter may exceed 2 trillion yuan, of which the monthly issuance scale in May and June may be close to one trillion yuan, which will give greater support to infrastructure investment. At the same time, with the policy support, the financing of urban investmen...
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WASHINGTON, May 14 (Xinhua) -- The International Monetary Fund announced Saturday an increase in the weighting of the Chinese renminbi and U.S. dollar in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review.It marks the first SDR review since the renminbi formally became the fifth currency in the SDR basket in 2016. The review occurred about one year later than originally scheduled due to the COVID-19 pandemic.The updated basket implies slightly higher weights for the U.S. dollar and the renminbi and somewhat lower weights for the euro, the Japanese yen and t...
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Xinhua Beijing, April 21st (Reporter Liu Yulong, Chen Biqi, Zhang Siwen) In order to meet the challenge of global climate change, more than 130 countries and regions have put forward the goal of carbon neutrality. Green low carbon and sustainable development have become an international consensus. During the 2022 Annual Meeting of Boao Forum for Asia, energy transformation and green and low-carbon development have once again become the hot focus of participants.According to industry analysts, carbon neutrality is a systematic economic and social change, and the green and low-carbon development...
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BEIJING, May 12 (Xinhua) -- Despite mounting domestic and external uncertainties, China's economy continues to progress with a sound momentum, an official told Xinhua in an interview.'Although some indicators saw short-term contractions mainly due to the COVID-19 blow, the fundamentals underpinning the economy's stable development and sound momentum remain unchanged,' said Sheng Laiyun, deputy head of the National Bureau of Statistics.In particular, the country's general trend toward economic upgrading and high-quality development has not changed, he said.China's econom...
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