Business--China Economic Net

Renminbi financial assets are set to attract more foreign investment in the months ahead after foreign holdings of onshore bonds and equities rose amid the country's sharpening policy focus on shoring up asset prices, according to officials and analysts.

China's central bank conducts reverse repos Tuesday2024-10-22
China's central bank conducted 158.4 billion yuan (about 22.24 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent Tuesday.

Chinese firms deepen integration into intelligent connected vehicle industry chain2024-10-21
The SU7 series, Chinese tech firm Xiaomi's first self-developed new energy vehicle (NEV) model, has attracted considerable attention at the just concluded 2024 World Intelligent Connected Vehicles Conference (WICV) in Beijing, thanks to its sleek design and impressive capabilities in motors, batteries, intelligent driving and smart cockpits.

China to support listing of innovative SMEs on Beijing Stock Exchange, "new third board"2024-10-21
China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the "new third board," a financing platform designed for SMEs.

Over 20 Chinese listed companies become first batch to receive loans for share buybacks, increasing shareholdings2024-10-21
More than 20 Chinese listed companies on Sunday announced that they have signed agreements with financial institutions or obtained commitment letters to secure loans for share buybacks and increasing shareholdings.

China cuts market-based benchmark lending rates2024-10-21
China on Monday cut its market-based benchmark lending rates, with the one-year loan prime rate (LPR) down to 3.1 percent from the previous reading of 3.35 percent.

China's auto industry accelerates toward intelligent transformation2024-10-20
Having surged to the forefront of the global new energy vehicle (NEV) market with their outstanding performance, Chinese automakers are exploring strategies to gain an advantage over their competitors in the more challenging latter phase of the market race, which is increasingly driven by intelligent development and artificial intelligence.

Beijing plans to vastly expand autonomous driving test area2024-10-20
Beijing plans to significantly expand its high-level autonomous driving demonstration area to approximately 3,000 square kilometers between the fourth and sixth ring roads, more than double the size of the city's six urban districts, an official said on Friday.

Chinese drone maker DJI sues U.S. government over inclusion on Pentagon blacklist2024-10-19
Chinese drone maker DJI filed a lawsuit to challenge the U.S. Department of Defense (DoD) on Saturday, seeking to be removed from the blacklist of alleged Chinese military companies.

China's power use up 8.5 pct in September2024-10-19
China's electricity consumption, a key barometer of economic activity, reported stable growth in September 2024, official data showed Saturday.

China's railway passenger trips hit new high in first nine months2024-10-19
China's railway passenger trips reached a new high during the January-September 2024 period thanks to robust travel demand, official data showed Saturday.

Flagship BRI project in Indonesia marks anniversary2024-10-18
The Jakarta-Bandung High-Speed Railway, a flagship project of the China-proposed Belt and Road Initiative, marked the first anniversary of its official operation on Thursday, showcasing impressive achievements in both transportation and economic development.

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China saw 30 pct increase in border crossings in Q32024-10-18
Border inspection agencies across China recorded 160 million entries and exits during the third quarter of this year, representing a year-on-year increase of 30.1 percent, according to the National Immigration Administration.

Scholz opposes tariff conflicts with China2024-10-18
German Chancellor Olaf Scholz on Thursday expressed his opposition to tariff conflicts while delivering a statement to the press in Brussels.

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Huawei Pakistan and NBP make joint efforts to launch national cloud data center

The National Bank of Pakistan (NBP) has entered into a Memorandum of Understanding (MoU) with Huawei Technologies Pakistan (PVT) to establish a state-of-the-art national cloud data center.