Sunday, January 24, 2021
Tags Ministry of Finance

Tag: Ministry of Finance

Foreign Invested Enterprises Will Have Access to Full Financial Operating Licenses after Three Years: MOF

The Ministry of Finance has indicated that foreign-invested enterprises will be given greater latitude to  conduct business in China's financial sector in the near...

Increase the Market-based Pricing of Local Government Bonds: Ministry of Finance

China's Ministry of Finance is launching measures to raise the role of the market in the pricing of local government bonds. On 8 May MOF...

Issuance of Local Government Debt Quotas Set to Accelerate: MOF

China's Ministry of Finance has indicated that it will accelerate the process of issuing debt quotas to the country's local governments. The "Notice Concerning Strengthening...

MOFCOM Delves into Government Debt with New Accounting Standards

China's Ministry of Finance (MOFCOM) is preparing new set of accounting standards in a bid to get to the bottom of debt borne by...

Ministry of Finance on “High Alert” Over Hidden Local Government Debt

The vice-head of China's Ministry of Finance has warned of the need for regulators to be on "high alert" over the hidden debt of...

Fiscal Revenue Growth Eases to 7.2% in August

Growth in China's fiscal revenues fell significantly in August due to sizeable year-on-year declines in non-tax revenues compared to the same period in 2016. Figure...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.