BEIJING, March 24 (Xinhua) -- How to best handle the relationship between the 'visible hand' of the government and the 'invisible hand' of the market is a challenge facing policymakers in China and beyond.When the 'invisible hand' fails to move the economy forward, as observed in some Western countries, China has adopted a 'two-hands' approach to drive growth.The economic philosophy of Chinese President Xi Jinping, widely known as 'Xiconomics,' emphasizes the market's decisive role in allocating resources; at the same time, Xiconomics allows the gove...
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2022
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The securities industry is facing a heavy profit again. According to the news released by China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as 'China Clearing') yesterday, China Clearing reduced the minimum settlement reserve for stock business to 16% and reduced some registration and clearing fees. According to relevant estimates, it is estimated that about 20 billion yuan will be released.According to the news released by China Clearing official website, in order to implement the spirit of the special meeting of the Financial Committee of the State Council, ...
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2022
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A few days ago, the People's Bank of China approved the establishment licenses of financial holding companies of China CITIC Financial Holdings Limited (to be established) and Beijing Financial Holding Group Limited. This is the first batch of financial holding company licenses issued by the central bank. At present, there are three applications for the establishment of financial holding companies that have been accepted, namely China Everbright Group Co., Ltd., Shenzhen Zhaorong Investment Holding Co., Ltd. and China Wanxiang Holding Co., Ltd.According to the central bank, it is an import...
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2022
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BEIJING, March 22 (Xinhua) -- China has released 1 million tonnes of national potash fertilizer reserves to meet production needs during this year's spring farming period, according to the country's top economic planner.The move is part of China's efforts to secure a summer grain harvest in the face of challenges and difficulties in the sector due to autumn floods during the sowing period last year.China aims to ensure that the grain output for 2022 stays above 650 billion kg, according to this year's government work report.Due to rare autumn floods last year, farmers had postp...
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After a symposium, three of the top five national asset management companies (AMC) have made moves. After two senior executives of China Cinda settled in Evergrande Risk Mitigation Committee and China Orient issued 10 billion yuan of bonds, on March 16th, the Great Wall of China issued 10 billion yuan of financial bonds, which were used for real estate risk mitigation.On the same day, a new signal was released at the market level: the financing amount of real estate M&A in various channels that are not included in the 'three red lines' has exceeded 150 billion yuan. In the past, th...
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2022
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