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Chinese commercial banks are strengthening supply chain finance with the help of technology to solve difficulties at private enterprises, especially small and micro-sized businesses.
Chinese companies have established 56 overseas trade and economic cooperation zones in 20 countries and regions related to the two 21st century trading routes, with a cumulative investment exceeding .5 billion, creating more than .1 billion in various taxes paid to local governments and 180,000 jobs in the host economies.
Chinese mainland stocks soared on Monday as a major interest rate reform unveiled by the central bank over the weekend lifted investors' expectations for more liquidity in the market and lower financing costs for businesses.
Chinese internet search giant Baidu Inc announced on Sunday it has established a special fund of 300 million yuan (.2 million) for epidemic prevention and public health security, in response to the outbreak of the novel coronavirus-related pneumonia.
Chinese popular video-sharing site Bilibili, which boasts the largest group of young Chinese fans for anime, comics and gaming, is reportedly planning an initial public offering in the United States that could raise at least 0 million.