The People’s Bank of China (PBC), the country’s central bank, announced on Thursday that there remains room to reduce the reserve requirement ratio (RRR) for banks and pledged to continue its supportive monetary policies aimed at bolstering the economy. This move underscores the PBC’s commitment to fostering a favorable monetary environment to boost market confidence...
Foreign Investor Influence Reduced in China’s Stock Market China’s stock exchanges have ceased providing real-time data on foreign investor inflows into onshore equities as of Monday. This move aims to reduce the perceived foreign investor influence on the domestic market. The decision by the Shanghai and Shenzhen exchanges eliminates a key tool used by local...
Financial Incentives for Top Enterprises The Qianhai Authority has unveiled a new plan to promote Qianhai headquarters development and the high-quality growth of enterprises within the Qianhai cooperation zone. Under this plan, companies newly listed among the top 500 Chinese enterprises will receive a subsidy of 2 million yuan (approximately $280,800). For those entering the top 500...
China’s Commitment to Property Market Stabilization In response to a recent report criticizing the slow progress in stabilizing China’s property market, housing officials have renewed their focus on fully finished homes. This approach aims to protect homebuyers and rebuild confidence in a struggling sector. At a State Council press conference on Friday, Deputy Housing Minister...
China Flood Season: Unprecedented Challenges in 2024 China is currently grappling with one of its most severe flood seasons in recent history, with 25 major flood events recorded so far. This makes it the most challenging year since flood data collection began in 1998. The China flood season has been marked by extreme weather, affecting...
Xiongan New Area Development: Ambitious Vision or Future Challenges? The future of Xiongan New Area is under significant scrutiny as experts debate whether it will fulfill its ambitious vision or encounter substantial challenges. Launched seven years ago, the Xiongan project aimed to reduce Beijing’s population pressures and promote development in Hebei province and the neighboring...
Shanghai Free Trade Zone: A Decade of Innovation and Global Integration As the China (Shanghai) Pilot Free Trade Zone (Shanghai Free Trade Zone) celebrates its 11th anniversary, it continues to stand as a pivotal force in advancing China’s openness and institutional reforms. Established in 2013, this zone has emerged as a model for China’s global...
Strengthening Hong Kong-Turkey Ties Through Increased Flights Turkey’s Consul General in Hong Kong, Kerim Sercan Evcin, has emphasized the potential for deepening ties between Hong Kong and Turkey by increasing the number of direct flights. He highlighted how enhancing connectivity between the two regions would not only strengthen bilateral relations but also reinforce Hong Kong’s...
Bridgewater’s Significant Reduction in Chinese Stock Holdings Bridgewater Associates, the world’s largest hedge fund, has made a substantial move by significantly reducing its exposure to US-listed Chinese stocks. Over the past two years, the hedge fund, founded by billionaire Ray Dalio, has cut its stakes in mainland Chinese companies by approximately 80%. This shift comes...
China Visa-Free Travel: Expanding Opportunities for Tourists With China’s increasing efforts to promote unilateral visa exemptions and mutual visa-free policies, the expanding visa-free “circle of friends” is attracting more foreign travelers to China. Recent official data highlights the growing impact of these policies on tourism. Significant Growth in Foreign Travelers Border inspection agencies in Shanghai...