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Proceeds of yuan bond sale triple offer

Business | Macro-economy and policy
2009-10-22

THE Chinese mainland's first overseas sale of yuan-denominated bonds was three times oversubscribed in Hong Kong, reflecting investor confidence in the mainland's robust economy. The sale drew 18 billion yuan...

Business tax exemptions

Business | Accounting, auditing and taxation
2009-10-1

THE Ministry of Finance yesterday said China exempts business tax on individuals' income from trading financial products such as stocks, bonds, and foreign exchange products. The exemption, approved by the State...

Fiscal revenue growth slows

Business | Macro-economy and policy
2009-8-13

CHINA'S fiscal revenue growth slowed last month from June as the government's finances remain tight, the Ministry of Finance said yesterday. Fiscal revenue grew 10.2 percent year on year to 669.6 billion yuan...

Japan exports fall at slower pace

Business | Foreign trade
2009-7-24

JAPAN'S exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip. Shipments from the world's second-biggest economy fell...

70% subsidy for solar power

Business | Energy
2009-7-23

CHINA will subsidize up to 70 percent of investment in new solar power systems as it expands a program to speed development of the clean energy industry. The government will pay half of the price of new ground-mounted...

Ministry issues another five municipal bonds

Business | Securities
2009-7-7

THE Ministry of Finance announced yesterday that five further batches of local government bonds with a total value of 11.9 billion yuan (US$1.7 billion) will be launched this week. The ministry said on its Website...

China sees fiscal income drop 13.6%

Business | Macro-economy and policy
2009-5-15

CHINA'S Ministry of Finance yesterday said fiscal revenue fell 13.6 percent from a year earlier to 589.72 billion yuan (US$86.47 billion) last month. The January-April fiscal revenue fell 9.9 percent to 2.05 trillion...

Bond sales seen to balloon in Q2

Business | Macro-economy and policy
2009-5-5

SALES of China's government bonds are expected to surge by more than fivefold in the second quarter of this year to help meet the country's budget deficit. The Ministry of Finance will sell 500 billion yuan (US$73...

Profits of non-financial SOEs fall more slowly

Business | Macro-economy and policy
2009-4-23

PROFITS of China's non-financial state-owned enterprises declined by a slower pace on an annual basis in the first quarter of this year than the first two months, and last month reported a month-on-month rise in profit,...

Slowdown and tax cuts bite into China's Q1 fiscal revenue

Business | Macro-economy and policy
2009-4-14

CHINA'S fiscal revenue dropped 8.3 percent year on year in the first quarter due to the economic slowdown and the government's tax cuts for companies, the Ministry of Finance said yesterday. Total government...