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China is tightening scrutiny of financial institutions' overseas investment using State-owned assets, by further checking shareholders' quality and funding sources, in order to prevent losses of State-owned capital, according to a report reviewed by the nation's top legislature.
China is creating a consortium, including State-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.
China is carrying out pilot reforms to reduce logistics costs and increase efficiency in six provincial-level regions including Shanxi, Zhejiang and Chongqing, a notice published on Sept 29 said.
China is a big paper user and producer. According to the China Paper Association, China produced 9.2 million tons of household paper in 2016, up 4 percent from a year ago. Consumption of household paper during the same period was 8.5 million tons, a yearly increase of 4.5 percent.
China is ready to work with Singapore to deepen financial cooperation. The scale of currency swaps betweenus has reached RMB300 billion (US billion). The two sides are positively considering renewingour currency swap agreement to encourage local currency settlement in investment and trade. Singapore is a major international financial center with mature regulatory models and rich financial resources. China supports dialogue and exchanges between our financial regulators and encouragesour financial institutionsto developbusiness cooperation in accordance with commercial rules. We can also explorethe setting-up of a comprehensive and all-dimensional financial support platform. The fintech agreement we just signed should be well implemented to promote the sound and orderlyfinancial cooperation in e-payment and other emerging areas.
来源：资阳报