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New special bonds to fund infra flurry

China is stepping up its infrastructure efforts, which are boosted by the nation's bond issuance efforts, such as the release of new special bonds and launch of ultra-long-term special national bonds, experts said. ....

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Yuan's share in Russia's trade settlements expands in January, sign of steady internationalization progress

Yuan's share in Russia's trade settlements expands in January, sign of steady internationalization progress
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Wang Peng , Pan Gongsheng , Academy Of Social Sciences , National Bank , Zhixin Investment Research Institute , People Bank , Beijing Academy , Social Sciences , Global Times , Drawing Rights , Lian Ping ,

Global Times: Under Xi's leadership, China strives to build a world-class financial sector

BEIJING, Feb. 6, 2024 /PRNewswire/ — At the start of 2024, China’s opening-up push made a distinctive stride in the financial sector. On January 25, UK-based multinational bank Standard Chartered was approved to set up business in Hefei, East China’s Anhui Province. Days before, Chinese authorities said that 10 more foreign-funded institutions had been approved as […] ....

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China's Lunar New Year travel surge to boost economy, but property market and private firms remain top priority

A record high 9 billion trips are set to be made within China during the annual 40-day ‘chun yun’ travel period, which starts on Friday, but economists say there are other priorities to ensure economic growth in 2024. ....

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Slower pace seen for mainland property slip

Staff reporter China s property market drop may happen at a slower pace this year, said Lian Ping, chair of the China Chief Economists Forum. ....

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