Category Archives: Financial strategy

Financial sector to help lift real economy

Taiwanese Premier Lin Chuan encouraged the Financial Supervisory Commission (FSC) to continue instituting new reform measures after hearing the commission’s report on the financial sector’s role in lifting the real economy. Continue reading

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Chengdu expected to achieve 8.21 Billion Yuan in revenue from exhibition in 2016

Chengdu is scheduled to be the host city for more than 520 major exhibition events for the whole year of 2016. The China Council for the Promotion of International Trade Chengdu Sub-Council (CCPIT Chengdu), the organization responsible for the promotion of Chengdu as a city for conventions and exhibitions, has calculated that the total area occupied by all of the events, when added together, amounts to 3.3 million square meters. Revenue directly generated from the exhibition sector is anticipated to grow 10 per cent year on year to reach 8.21 billion yuan (approx. US$1.23 billion). Indirect revenue is also expected to grow by a similar percentage, with expectations that the combination of direct and indirect revenue will reach 69.7 billion yuan (approx. US$10.5 billion). Continue reading

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Bright Century Shareholding awarded Top Growth Value Prize

At the recently-held 5th China Finance Summit & Honor and Dreams awards ceremony in Beijing, Bright Century (Beijing) Shareholding (“Bright Century Shareholding”) was awarded the Top Growth Value Prize for 2016 for its use of its global-leading financial theory and strict financial control methods, and in recognition of its building of a successful Chinese capital career by implementing their vision with passion and innovation. Continue reading

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The G20 Green Finance Synthesis Report underway

On June 21, 2016, the fourth meeting of the G20 Green Finance Study Group was held in Xiamen. The meeting was hosted by Co-chairs from the People’s Bank of China and the Bank of England. Delegates from G20 countries, invited guest countries and International Organizations participated in the meeting. The delegates discussed and agreed in principle on the G20 Green Finance Synthesis Report, which would be submitted to the June G20 Finance and Central Bank Deputies Xiamen Meeting. The study group will further revise and submit the Report to the July G20 Finance Ministers and Central Bank Governors Chengdu Meeting. Continue reading

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Institute of South-South Cooperation and Development established in Peking University

In September 2015, when Chinese President Xi Jinping attended the summit of the 70th anniversary of the establishment of the United Nations and presided over the South-South Cooperation Round-table Conference, he announced a series of practical cooperative measures such as setting up an institute of South-South cooperation and development, which won broad praise and high marks of the international community. In order to implement this commitment, the Ministry of Commerce elaborately plans and carefully prepares, and decides to set up the Institute of South-South Cooperation Development (ISSCAD) in Peking University, opening the education training of the government officials and social elites of developing countries for a professional degree of national development.  Continue reading

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Taiwan drafts FinTech white paper

Taiwanese government’s objectives for digitizing financial services are to develop the financial technology (FinTech) industry, gain firmer control over the domestic economy, and provide convenient and innovative digital services for the public, Premier Chang San-cheng said. Continue reading

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Special plan for the development of electronic commerce logistics (2016-2020)

On March 17, six Chinese ministries including the Ministry of Commerce, National Development and Reform Commission, the Ministry of Transport, the General Administration of Customs, the State Post Bureau and the Standardization Administration jointly issued the Special Plan for the Development of Electronic Commerce Logistics (2016-2020) (hereinafter referred to as the Plan). Continue reading

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First G20 Finance Ministers and Central Bank Governors meeting in 2016

The first G20 Finance Ministers and Central Bank Governors Meeting under the Chinese Presidency was held in Shanghai on February 26-27, 2016. The Chinese Premier Li Keqiang spoke in a video message to the meeting. The meeting was co-chaired by Mr. Lou Jiwei, Finance Minister of China and Mr. Zhou Xiaochuan, Governor of the People’s Bank of China. China G20 Sherpa, Vice Foreign Minister Li Baodong attended the meeting and addressed. Ministers and Governors discussed issues concerning global economy, framework for strong, sustainable and balanced growth, investment and infrastructure, international financial architecture, financial sector reform, international tax, anti-terrorist financing, green finance and climate finance. A communiqué was released after the meeting. Continue reading

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Foreign capital volume reaches new high in China

Opening to the outside world and attracting foreign capital are the important content of China’s basic state policy. Chinese President Xi Jinping has emphasized many times that the policy of China utilizing foreign capital will not change, nor will the protection of legal interests of foreign-invested enterprises and the direction of providing better service for enterprises of all the countries investing in China. In 2015, in the situation of increasingly fierce competition of international foreign capital attraction, big difficulties and challenges of the downward pressure of the domestic economy, the foreign capital volume of China creates new high and the quality of how to use foreign capital will be further improved. Continue reading

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China’s outward investment and economic cooperation in January-November

In January-November 2015, China’s outward investment and cooperation maintained a sound development momentum. The direct investment overseas maintained a rapid growth of double digit rates, and is expected to surpass the growth goal of the whole year by 10%. The construction of overseas economic and trade cooperation zones, infrastructure construction and foreign contract projects showed their own remarkable strength. The number of large scale projects increased obviously. China has entered into the stage of capital export and industry export. All of these strongly supported the construction of “Belt and Road” and the international capacity cooperation. Official from the Department of Outward Investment and Economic Cooperation of MOFCOM pointed out that China’s outward investment and economic cooperation in January-October has the following characteristics: Continue reading

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