This was reported by the Chinese business publication Caixin and the South China Morning Post, citing the Qichacha commercial register. The Chinese Ministry of Finance (17.4 %), China Development Bank …
FINANCE
China financial regulator studies measures for accountability failing to prevent financial risks
China’s National Financial Regulatory Administration held a meeting on Monday afternoon to study the implementation measures for the trial provisions concerning accountability for failing to prevent …
China Market Update: “Big Fund 3” Launches As Shanghai Relaxes Home Purchase Policies
After last week’s downdraft, Hong Kong’s most heavily traded stocks were Alibaba, which gained +1.41%, CNOOC, which gained +4.23%, Meituan, which gained +2.06%, and China Construction Bank, which …
China Sets up the Third Phase of Its Semiconductor Fund with a Massive $47.5 Billion Investment
China has announced the third phase of its National Integrated Circuit Industry Investment Fund with a registered capital of $47.5 billion.
This Chinese Island Reveals How Beijing Plans to Challenge the U.S. Navy
China is expanding its naval bases on the tropical island of Hainan in the South China Sea. Defense analysts say the upgrades point to Beijing’s preparations for a possible conflict over Taiwan. Photo …
China’s latest round of domestic chipmaking funding raises $47 billion
According to Reuters, the state-backed China Integrated Circuit Industry Investment Fund reported that it’s raised funding to the tune of 344 billion yuan ($47.5 billion), which will be used to drive …
China cashes in banking chips for tech drive
China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country’s biggest lenders have invested in Beijing’s third and largest semiconductor …
Report: China sets up $47.5B fund to boost its semiconductor sector
China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector.
Solve China’s ‘overcapacity problem’ by helping developing nations go green, central bank adviser urges
Beijing should take a page from the US’ old foreign-aid initiative known as the Marshall Plan, according to a central bank adviser. Huang Yiping, a member of the Monetary Policy Committee of the …
China unveils plan to keep officials’ noses clean in campaign to control financial risk
During a meeting of China’s Politburo, plans are reviewed for ensuring accountability and propriety among officials carrying out the country’s campaign against financial risk.
China’s Push to Defuse Financial Risks & Revive Property Sector
China’s leaders emphasized the importance of preventing and defusing financial risks, linking them to national security. Given the property market’s drastic valuation drops, measures have been taken …
China Creates $47.5 Billion Chip Fund to Fuel Self-Resilience
China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US …
China sets up third fund with $47.5 bln to boost semiconductor sector
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a …
