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China's nationwide credit information system is composed of a national financial credit information database and market-oriented credit information institutions. By the end of August, the national database included information on 25.42 million companies and 970 million individuals, becoming the world's largest.
China's leading commercial bank ICBC announced on Monday the appointment of BNP Paribas and HSBC as joint green coordinators and mandated lead arrangers for an inaugural green loan for ICBC's London branch.
China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.
China's current drug evaluation and approval system needs improving to expedite the use of new drugs in China, Wu said.
China's financial market showed resilience in trading after the Lunar New Year holiday, despite temporary panic-driven sell-offs on the first post-holiday trading day.