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As the COVID-19 epidemic wanes in China, Erenhot Port has seen an increasing number of China-Europe freight trains -- from fewer than two trains per day in March to about eight at present, said Zang Zhixian, who works at the China Railway Hohhot Group.
As the People's Bank of China (PBOC), the central bank, did not lower the MLF rate after cutting the targeted reserve requirement ratio (RRR), the unchanged LPR was in line with expectations in a financial market that is waking up to more easing streaks overseas.
As the novel coronavirus outbreak is gradually contained in China, officials in some regions are taking the lead in removing their masks and dining out to show wary residents the worst has passed.
As the central government seeks greater transparency for its contingent liabilities, local governments' direct financing through the bond market has increased while their reliance on indirect financing through local government financing vehicles, or LGFVs, has declined, said Moody's.
As the off-counter transaction rate of Chinese banks has exceeded 90 percent and financial services are highly dependent on the internet, cybersecurity needs to be highlighted, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC).
来源：资阳报