China Digest

Economics and policy from China’s newspapers

Friday September 8, 2017

Zhengzhou Commodity Exchange to expand futures market

The Zhengzhou Commodity Exchange will continue to promote international development and help domestic enterprises to expand outside of China, the China Securities Journal reported, citing an official announcement on Thursday.

Beijing joins other cities to halt growth of shared bikes

The Beijing Municipal Commission of Transport ordered bike-sharing companies to stop adding new bikes in the city on Thursday, and confirmed that electric bikes will not be included as part of the bike-sharing business, Xinhua reported.

First 9 local government bonds enter Green Indices Index

China Bond, a platform that runs under the state-owned China Central Depository and Clearing, announced on August 31 that nine local government bonds will be included in its so-called Green Indices Index, reported on Thursday.

China Insurance Regulatory Commission bans alcohol in offices

The China Insurance Regulatory Commission has banned alcohol from all its offices and subsidiary departments to get in line with the country’s anti-corruption campaign, Caixin reported on Thursday.

National Energy Administration welcomes two new bosses

Qi Chengyuan, former director of the Social Development Division at Nation Development and Reform Commission (NDRC), and Liu Baohua, former director of the Nuclear Power Division at National Energy Administration (NEA), were both promoted to deputy directors at NEA, reported.

China’s foreign reserves rise for 7th straight month

Data from the central bank, the People’s Bank of China, shows that the nation’s foreign reserves reached an impressive US$3.0915 trillion for the month of August — the seventh straight month of increases — but the bank emphasized the reserves must be safeguarded against risk, reported on Thursday.