The Chinese capital hopes to attract top flight STEM talent to its Zhongguancun Science Park with new visa concessions and incentives for foreign nationals.
The Chinese central government is reviewing a proposal to amalgamate the banking and insurance regulators according to anonymous sources speaking to the South China Morning Post.
A new report indicates that more than half of 100 Chinese economists surveyed believe there is a severe bubble in China’s real estate market, alongside significant financial risk.
China’s official purchasing managers’ index reading for February is 50.3, for a 1.0 point decline compared to the preceding month.
The Chinese government is launching a raft of new tax incentives that are designed to support the overseas expansion of domestic enterprises and increase their international competitiveness.
The Chinese central bank will allow banking sector financial institutions to write-off their capital supplementation bonds or convert them into equity, as part of efforts to shore up their ability to absorb capital losses.
Chinese spending on scientific research and development posted a year-on-year increase of 14% to hit 1.76 trillion yuan (approx. USD$279 billion) in 2017, according to figures released by the science ministry.
Bank of China is pricing the largest offshore renminbi bond offering in two and a half years via its Macao branch.
Total assets in China’s banking sector have continued to post robust growth in 2017, with some of the country’s state-owned lenders emerging as globally important financial institutions.
The Chinese central bank has called for the stepping up of dynamic monitoring of fluctuations in liquidity demand in order to address the potential risk issues created by asset securitisation.