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China is steadily promoting the interest rate liberalization, and will further propel the integration of market interest rate with benchmark lending rate, said Liu Guoqiang, deputy governor of the People's Bank of China, on Thursday.
China is boosting efforts to increase medical supplies to areas hit by the novel coronavirus outbreak, according to the country's top economic regulator.
China in April said it aims to raise foreign ownership limits in securities, fund management and futures firms to 51 percent. The announcement came as the US and other trading partners complain of unfair limits on competition.
China is stepping up efforts in the manufacturing sector to boost productivity and economic growth, spurred by forward-thinking companies vying for top spots and aiming to create new momentum in key markets.
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.