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China partners with UN to address African food security. [Photo/VCG]
China made about 0.6 billion of portfolio investments, including investments in equities and bonds, in overseas markets by the end of June, the State Administration of Foreign Exchange said in an online statement.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct financing to play a more significant role in allocating savings and investment, and better serve the economy.
China remained the world's second-largest civil aviation market in 2019. The figure represented a 5.4-percent year-on-year increase, according to the Civil Aviation Administration of China (CAAC).
China will also ease entry into such fields as insurance, banking, securities, fund management and futures and financial asset management, and will further simplify procedures for doing business for foreign businesses, the premier added. The foreign investment approval system will give way to negative list management, he said.