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China's capital market is developing fast, but it is still young and far from perfect. The Chinese authority has never stopped making efforts to improve the mechanism. The debut of the STAR market will allow the market to play a fundamental role in allocating resources, which is critical to China's goal of seeking high-quality development.
China's central bank reiterated its intent to maintain a "conventional monetary policy as long as possible", while keeping certain policy adjustment space to encourage moderate savings and prevent asset bubbles.
China will encourage private equity funds to participate in mergers and acquisitions to drive the healthy development of the country's fund sector. [Photo/VCG]
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year, according to a decision made at a State Council executive meeting on March 28.
China's centrally-administered State-owned enterprises have taken flexible measures such as adopting online operational platforms and shifting some work back to domestic facilities to support their overseas branches to resume production, said a senior State assets regulator.