Xinhua News Agency, Beijing, May 10 (Reporter Liu Hui) Medium-and long-term funds are 'ballast stones' to keep the stable and healthy operation of the capital market. CSRC: Support medium and long-term funds to increase the proportion of equity allocationXinhua News Agency, Beijing, May 10 (Reporter Liu Hui) Medium-and long-term funds are 'ballast stones' to keep the stable and healthy operation of the capital market. A few days ago, Wang Jianjun, vice chairman of the China Securities Regulatory Commission, said in an interview with Xinhua News Agency that he would pay close at...
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BEIJING, May 10 (Xinhua) -- China will further expand the industry catalog of sectors encouraging foreign investment, authorities said.The new list will add 238 more items, while up to 114 existing ones will be modified with expansion, said a notice issued by China's National Development and Reform Commission and the Ministry of Commerce (MOC).The increase is particularly relevant to items related to manufacturing, producer services, and those in the central and western regions, said the notice.The sub-catalog of competitive industries in the central and western areas encouraging foreign i...
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BEIJING, May 9 (Xinhua) -- China's central bank on Monday said full play should be given to the guiding roles of structural monetary policy tools.Efforts should be made to make good use of relending and rediscount policies to support agriculture as well as micro and small firms, and the amount of such relending should be increased in a timely manner, according to a report released by the People's Bank of China.The central bank will better leverage inclusive loans for micro and small enterprises and boost the support for agriculture-related businesses and sectors hit hard by COVID-19, t...
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BEIJING, May 9 (Xinhua) -- China's banks and insurance institutions, which are fairly resilient to risks, intend to step up support to virus-hit sectors, an official told Xinhua.'The steady operation of the financial sector is key to keeping economic fundamentals stable and economic circulation smooth,' said Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC).Liang made the remarks while pointing out headwinds like pressure on RMB exchange rate stability due to monetary tightening in some developed economies, as well as higher raw material pric...
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SHANGHAI, May 8 (Xinhua) -- Nanhui 8424 watermelon, a popular summer fruit variety for many Shanghainese, hit the market just as the mega-city reported a decline in daily numbers of new infections.The seasonal fruit grown in the suburban Nanhui area of Pudong New Area in Shanghai, is treasured for its sweet, juicy taste.Zhang Tao with Pudong's agricultural association said that this year, the planting area of the watermelon neared 10,000 mu (about 666.7 hectares), which is the same as last year.'Retail channels such as Hema Fresh, a fresh produce supermarket, facilitate the watermelon&...
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