Listed companies in China strengthen share buybacks in a move to stabilize capital market

China's A-share public companies have increased stock buybacks in an effort to shore up returns for their shareholders amid regulatory calls to protect broad investors and promote stability in the market. On Sunday, up to 20 listed companies announced plans to buy back their shares, setting a new record in terms of the number of […]

HK, Macao, Chinese mainland could launch multi-stop, culture-themed travel products to boost inbound tourism: political advisor

The Hong Kong and Macao Special Administrative Regions (SARs) could consider organizing a joint "multi-stop" combination with "Chinese culture-themed" travel products from Chinese mainland cities, while taking advantages of the SARs' roles as global hubs and transit points to boost inbound tourism market, Pansy Ho Chiu-king, a member of the National Committee of the Chinese […]

US smearing China on data security 'absurd'; Washington urged to listen to market concerns instead of blind suppression

China's Foreign Ministry on Thursday urged the US to stop slandering and smearing China on data security, and maintain an open, fair and non-discriminatory business environment, after the Biden administration on Wednesday unveiled an executive order barring genomic data transfers to China over the repeatedly cited claim of national security. Chinese officials and experts noted […]

Adjusted M503 flight route facilitates cross-Straits aviation operation and personnel exchange: Taiwan affairs office

China's State Council's Taiwan Affairs Office spokesperson Zhu Fenglian said on Wednesday that the adjusted M503 flight route has rectified cross-Straits aviation operation as well as personnel exchanges, and was in line with the common benefit of people in Chinese mainland and the Taiwan island. Zhu made the remarks during a regular press conference regarding […]

Chinese firms to take center stage at MWC 2024, showcasing latest 5G, AI solutions

More than 300 Chinese technology companies will attend the annual Mobile World Congress (MWC) 2024 in Barcelona, Spain, as analysts said that Chinese firms are ready to share their latest innovations in 5G and artificial intelligence (AI) at the event. Mohamed Hakim, a tech industry observer from the United Arab Emirates, told the Global Times […]

New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism, will meet with firm counterattack: embassy

New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism that has no basis in international law, and China is firmly opposed to it, a spokesperson for the Chinese Embassy in the UK said on Thursday, warning that any actions which harm China's core interests will be met with a firm counterattack. The remarks […]

Chinese-invested shipping company opens regular liner service in Red Sea region, one of the few that still operate Asia-Europe direct route

A Chinese-invested shipping company Sea Legend has opened regular container shipping service via the Red Sea region, according to the company’s website announcement, which industry insiders said would make it one of the few companies that still sail on the direct shipping route from Asia to Europe on heels of the deepening of Red Sea […]

Xinjiang’s foreign trade surges 45% in 2023, ranking second among Chinese provinces

The imports and exports in Northwest China's Xinjiang Uygur Autonomous Region witnessed a robust growth, reporting the second highest growth rate among all provinces in China, which indicates increasingly dynamic trade with its partners.  Xinjiang's total foreign trade was 357.33 billion yuan ($50.42 billion), a year-on-year increase of 45.9 percent, ranking second in China in […]

China’s central bank to set up new credit market department: governor

China's central bank will set up a new credit market department in a bid to guide financial institutions to implement corresponding work focusing on technology finance, green finance, inclusive finance, pension finance and digital finance, Pan Gongsheng, governor of the People's Bank of China (PBC) announced on Wednesday at a press conference.  The establishment of […]