Foreign direct investment (FDI) into China expanded 15.8% y-o-y to 63.47 billion yuan (US$9.14 billion) in July, recording a positive growth for the fourth consecutive month.
A total of 59 major projects in the Hainan free trade port, including 12 foreign-funded and 47 domestic ones, have signed cooperation agreements, indicating a total investment of 14.2 billion yuan (US$2 billion), covering sectors such as tourism, modern service and high-tech.
The People's Bank of China (PBoC) has issued 30 billion yuan (US$4.32 billion) worth of bills with the interest rate of 2.7% in Hong Kong today.
The 2020 China International Fair for Investment & Trade (CIFIT) and the Belt and Road Investment Congress will kick off next month in Xiamen.
China's consumer price index (CPI), the main gauge of inflation, grew 2.7% y-o-y in July, while the producer price index (PPI), which measures costs for goods at the factory gate, fell 2.4% y-o-y in July.
Baoshang Bank will file for bankruptcy and liquidate its remaining assets, according to People's Bank of China.
China is considering rolling out new subsidiaries for new energy cars given that the sales volume is not promising amid the Covid-19.
The foreign trade volume in China has increased by 6.5% y-o-y as of end July, with exports and imports up 10.4% and 1.6% respectively.
China A-share's IPOs boomed in July, raising a record amount of 109.81 billion yuan (US$15.73 billion).
The People's Bank of China is setting up a fintech subsidiary in a bid to enhance its digital capability.
China will continue to provide financing support to foreign trade firms through various means and further expand export credit to micro, small and medium-sized foreign trade companies in the face of weakening global demand and rising protectionism.
Chinese fund management industry sees great demand in online wealth management services with large inflows from investors aged under 30, according to a recent report by Ant Group.