Thursday, October 29, 2020
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Tag: MOF

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...

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...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...