Ministry of Finance

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Salary caps spread in China’s finance sector amid ‘common prosperity’ drive

Several state-backed financial institutions in China have already placed annual salary caps on their senior executives, the Post has learned,…

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Chinese cadres urged to splash the cash to boost consumption ahead of Lunar New Year

An official in the southwestern municipality of Chongqing has called on Chinese cadres to lead by example in boosting consumption,…

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New Business

China says ‘patient capital’ a virtue in government investment funds

China has called on government investment funds to better track investment performance and tolerate risk – behaviour that prioritises long-term…

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New Business

Apple’s pricey iPhones out of China’s new subsidy scheme as ceiling capped at US$818

Apple’s latest iPhone models are mostly excluded from China’s new subsidy scheme for boosting domestic consumption, giving domestic smartphone makers…

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New Business

China’s finance ministry vows measures to boost consumption and investment next year

The Ministry of Finance has vowed concerted efforts to expand domestic demand next year as well as more and quicker…

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New Business

Policy support sees China’s tax revenue rise for second straight month

China’s tax revenue rose for the second straight month in November on the back of supportive domestic policies, while local…

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New Business

China to give local products leg up in bids for government contracts

Products made domestically – no matter the nature of the manufacturer’s ownership – will be accorded preferential treatment in Chinese…

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New Business

China’s strategic ‘little giant’ firms quickly rise to 14,600, surpass 2025 goal

China has fostered 14,600 small, privately owned companies as drivers for top strategic industries, exceeding a 2025 goal and levelling…

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New Business

China’s tech firms at the front of the queue for loans amid policy tilt

China’s central bank urged key government ministries and major banks to accelerate loans to tech companies, pushing for the implementation…

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New Business

China puts private sector policy on the front burner after July data disappoints

“Boosting consumption is the key. We must adopt targeted measures to smooth economic circulation.” Plenary meetings are often convened to…

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