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China will roll out a new copper futures contract this week that will be open to foreign traders, in a push to boost yuan adoption and wrest some pricing power away from the established industry benchmark in London.
China will remove all access restrictions on foreign investment in areas outside the negative list by the end of this year, as part of the country's overall effort to further open up the economy and pursue high-quality development, the nation's top economic regulator said on Monday.
China's Nasdaq-style sci-tech innovation board, known as the STAR Market, has also provided new opportunities for SOEs in terms of financing channels as well as improvement in management and incentive mechanisms. With the promotion and support from the SASAC, many central SOEs have been listed on the STAR Market.
China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.
China's capacity of providing financial services for the SMEs has seen remarkable improvement, with the credit supply constantly increased, financing cost steadily lowered and financial coverage widened.
来源：资阳报