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BEIJING - China won a measure of recognition from the world's financial markets Wednesday (Beijing time) for its tireless efforts to upgrade and internationalize its financial markets.

BEIJING - China's yuan funds outstanding for foreign exchange saw a decline last month, official data shows.

BEIJING - Chinese banks held 253.4 trillion yuan ( trillion) in assets as of the end of June, according to data released by the China Banking and Insurance Regulatory Commission.

BEIJING - Local governments raised 364.2 billion yuan (.36 billion) through bond issuance in February, down from 418 billion yuan in January, data showed Wednesday.

BEIJING - Chinese State Councilor and Foreign Minister Wang Yi and Turkish Foreign Minister Mevlut Cavusoglu held an in-depth discussion on the current situation over phone on Saturday.