Business | China produces record 3.01 million cars in November
Employees work on an assembly line producing electronic cars at a factory in Beijing. Photo: Reuters/Kim Kyung-Hoon
Employees work on an assembly line producing electronic cars at a factory in Beijing. Photo: Reuters/Kim Kyung-Hoon

China produces record 3.01 million cars in November

The most important and market-moving stories from the Chinese-language media

December 13, 2016 9:13 AM (UTC+8)

China produced a record high 3.01 million cars in November, a 17.75% increase from last year, Caixin reported Monday evening citing the China Association of Automobile Manufacturers. Tax breaks and increased money supply boosted sales.
汽车月产300万辆创记录 增速超预期

Funds to tackle smog misused

Local governments have misused and misappropriated funds for smog prevention, including spending the money on building maintenance without approval, Xinhua news agency reported Monday evening, citing the finance ministry.
治霾的钱挪去发工资、搞招待——财政部点名批评大气污染防治专项资金使用乱象

Regulator calls in insurance companies

The China Insurance Regulatory Commission has called an emergency meeting with insurance companies on Tuesday afternoon, Yicai reported. This follows a crackdown this month on insurance funds used to invest in equities, which on December 9 caused the biggest one-day drop in Shanghai stocks since June. No other details of the meeting provided.
【独家】保监会明日紧急召开会议 将给出险资“举牌”意见

M&A “highly encouraged”

Mergers and acquisitions are “highly encouraged,” said Jiang Yang, Deputy Director of China’s Securities Regulatory Commission in a meeting with listed companies on Monday, reported Caixin. Jiang said the right M&As can improve the quality of listed corporations.
姜洋:鼓励企业通过并购重组进行产业整合

Baoneng plans Hong Kong financial services unit

Baoneng Group and Yinsheng Capital will open a financial services unit in Hong Kong to handle asset management, wealth management, global securities, financial planning and others, Caixin reported.
宝能系高调宣布香港设金融平台

Zhuhai city restricts housing loans

Zhuhai city will stop issuing mortgage loans to people who already own two properties as part of efforts to curb speculation, sina.com reported Monday citing a city notice.
珠海公积金贷款调整:两套及以上住房停止放贷

Amendment of Securities Law delayed

Amendments to the Securities Law are not expected to be reviewed by China’s Standing Committee of the National People’s Congress this year, stcn.com reported on Monday. The amendments had been expected to have a so-called second reading in December.
证券法修订草案 “二读”年内无望

NDRC to remove, lower property registration fees

The National Development and Reform Commission is removing or lowering 16 different types of property registration fees, reported Xinhua news agency on Monday evening. They cover public housing rental, residential and commercial real estate, and others.
我国减免16种不动产登记收费 年减负5亿元

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