Tuesday, January 19, 2021
Tags Chinese Ministry of Finance

Tag: Chinese Ministry of Finance

Chinese Finance Ministry to Issue USD$9.88 Billion in Anti-Coronavirus Special Sovereign Bonds

China's Ministry of Finance (MOF) plans to issue a total of 70 billion yuan (approx. USD$9.88 billion) in a third round of...

China’s Finance Minister Says Active Stimulus Policy is “Objectively Necessary” in Wake of COVID-19, Flags Deficit Rise

The Chinese finance minister has flagged the use of greater stimulus measures to help deal with the economic fallout of the COVID-19...

Ministry of Finance Transfers 10% of AgBank, ICBC Holdings to Social Security Fund

China is accelerating the transfer of state-owned holdings in major banks to the country's social security system.

China’s Public-private Partnership Standards Become Tighter

The Chinese central government has further tightened its standards for public-private partnerships (PPP) with the release of a new directive that places...

MOF Cuts 84 Public-Private Partnerships from Demonstration Project List

The Chinese Ministry of Finance (MOF) has made the unprecedented move of removing public-private partnerships (PPP) from its list of demonstration projects. MOF has just...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...