The China Securities Regulatory Commission (CSRC) said in a statement on its website that the new futures contract would help players in the market worth nearly 1 trillion yuan (0 billion) to manage risk, while helping the sector to develop.
The Chinese government said on Thursday that foreign securities, futures and insurance companies will be allowed to have a majority stake in their Chinese joint ventures this year, and by 2021 there will be no foreign shareholding limit for such businesses.
The China-Africa Development Fund, the first stock equity fund set up in China that focuses on investment in Africa, has invested in 91 projects in 36 African countries, with a total investment of .5 billion. Those projects are estimated to promote over billion of investment from Chinese companies in fields such as agriculture, infrastructure, capacity cooperation as well as resource exploitation.
The ChiNext, whose name came from "China Next", was launched on Oct 23, 2009 as part of the country's effort to facilitate the financing of high-tech and innovative enterprises. On Oct 30, 2009, the first batch of 28 listed firms, with a market capitalization of about 140 billion yuan (.8 billion), began trading.
The China Banking Regulatory Commission, the country's top banking regulator, has announced the decision to revise the implementation rules on administrative licensing for foreign banks.
The Chinese economy has maintained overall stability and run within a reasonable range so far this year. [Photo/IC]
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The China Academy of Engineering Physics first announced Yu's death online, and the Chinese Academy of Sciences, where Yu is an academician, also confirmed his death.
The Chinese Health Qigong Association released a combination of Chinese exercises on WeChat. Qigong, a Chinese system of prescribed physical exercises or movements performed in a meditative state, is free of restrictions such as venue and equipment.
The Chinese economy grew faster than expected in the second quarter with rebalancing efforts showing visible progress. A sound and stable macro-economic outlook has created room for regulators to intervene.
The Chinese diplomat also introduced that China's total installed electricity generating capacity of renewable energy accounts for 30 percent of the world's total, the increased forest stock volume has already met the 2030 target in advance, the discharge of major pollutants has dropped significantly, and the quality of the ecological environment has continued to improve.