The People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange recently issued guidance on supporting the development of the Greater Bay Area (GBA) through financial sector opening-up (Yin Fa No. 95 ), in line with the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area. More
According to a Xinhua News Agency report, the Central Committee of the Communist Party of China and the State Council issued, on 30 March 2020, a document setting out guidelines for improving market systems and mechanisms. More
The Shanghai Head Office of the People’s Bank of China recently issued a circular on deepening the trial implementation of financial support policies in the Demonstration Zone of Integrated Ecological and Green Development in the Yangtze River Delta (YRD) in collaboration with 12 authorities, including the Executive Committee of the Demonstration Zone of Integrated Ecological and Green Development in the YRD. More
The General Office of the Guangzhou Nansha Development Zone Management Committee and the General Office of the Guangzhou Nansha District People’s Government jointly issued a circular (Sui Nan Kai Guan Ban Gui No. 1 ) on the optimisation and upgrading of the “1+1+10” industrial policy framework launched in 2017. More
The State Council decided at its 25 February Executive Meeting to increase financial support to micro-, small- and medium-sized enterprises to help them resume production. Financial institutions are encouraged to defer repayments on loan principals for eligible medium-, small- and micro-sized enterprises with liquidity problems, and which apply for such deferrals, until 30 June, with default interest payments also waived. More
In order to boost financial support for epidemic prevention and control and for the real economy, on 1, February, China announced 30 financial measures to bolster the economy and aid the fight against the novel coronavirus outbreak.