Company News

• Guideline seen easing market jitters

  2023 / 07 / 04

  The guideline stated that systematic arrangements should be optimized for long-term institutional investors. Social security, pension fund, trust, insurance and wealth management institutions are encouraged to direct more capital to equity assets, especially to quality companies' stocks. All the market entities will be treated equally, and no additional conditions or invisible thresholds will be set for any company. Privately owned enterprises are encouraged to go in for lawful IPOs, mergers, restructuring and bond issuances. The vitality and creativity of privately owned enterprises should be boosted. These companies should play a bigger role in terms of stabilizing economic growth, stimulating innovation, providing more job opportunities and improving people's livelihoods, the guideline stated. Policy arrangements can be expected for companies located in COVID-hit areas or those specializing in epidemic control and prevention. Listed companies will be exempted from expenses like annual fees and proxy voting services fees for this year, the guideline stated on Monday. Chen Li, the chief economist of Chuancai Securities, said the policies aiming to mitigate the negative impact of the epidemic

• Analysts stay upbeat on prospects for economy

  2022 / 04 / 01

  China's manufacturing activities contracted in March for the first time in five months due to various uncertainties and negative impacts from home and abroad. The purchasing managers index for China's manufacturing sector stood at 49.5 in March, compared with 50.2 in February, data from the National Bureau of Statistics showed, slipping into contraction after staying in expansionary territory for four consecutive months. The 50-point mark separates growth from contraction. The nonmanufacturing PMI, which covers the services and construction sectors, was at 48.4 versus 51.6 in February, slipping into contraction for the first time in seven months, according to the NBS. Zhao Qinghe, a senior statistician with the NBS, said the resurgence in COVID-19 cases that affected some areas has dealt a blow to service sectors, such as transportation, accommodations and catering. For manufacturers, the resurgence has affected the production and operation of some enterprises,

• Mapping 2021 economy: Foreign trade

  2022 / 03 / 08

  As a major engine of economic growth, China's foreign trade of goods reached an all-time high last year, remaining one of the best performing macroeconomic sectors in 2021. China remains the major trade partner of more than 120 countries and regions around the globe, exported products ranging from baseball cap, clothes, mugs etc. daily necessities to electronics and medicines. The RECP agreement signed by 15 Asia-Pacific countries including China has entered into force on Jan 1, 2022, creating the world's largest trade bloc. Last year, China also filed applications to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement. Look forward to a prosperous world economy in 2022.