介绍:
FDI into China up 7.1 pct in September
Foreign direct investment flowing into the Chinese mainland rose 7.1 percent year on year to 60 billion yuan, or 9.6 billion U.S. dollars in September.
According to the Ministry of Commerce, FDI in the first nine months of this year rose more than 9 percent to 585 billion yuan, or 92 billion U.S. dollars.
The numbers exclude investment in the financial sector.
In the first nine months of the year, China approved nearly 19 thousand new foreign-funded companies.
The latest numbers keep the pace with earlier results, which saw FDI rise 9.2 percent through the first eight months of 2015.
China's finance minister: Time still not ripe for US interest rates to rise
China's Finance Minister has said it is not yet a good time for the United States to raise its interest rates as the global economy is still sluggish.
Lou Jiwei was speaking on the sidelines of the International Monetary Fund and World Bank annual meetings in Lima, Peru.
He added that as China adjusts its economic structure, it will continue contributing to the global economy.
But he also acknowledges that it will be unrealistic to expect the country to maintain growth rates comparable to what it has achieved in the past.
The expected increase in US interest rates has sparked concern that the move could drive capital out of China.
The US Federal Reserve last month delayed an expected increase in its benchmark interest rate, citing low inflation and weakening global growth.
But Fed chairwoman Janet Yellen has made clear that she expects the rate to be raised before the end of the year, from its present record low since 2006.
Yuan rises for 7th day in a row, at highest level since August
The Chinese yuan gained against the US dollar for the seventh consecutive day on Monday.
It's at 6.34 per US dollar, its highest level since August 12.
It is also the new high since the currency suddenly depreciated by more than 4 percent against the US dollar in August, as the central bank let the market decide the daily reference exchange rate.
Lian Ping, chief economist at the Bank of Communications, says investors' concerns over the the yuan's depreciation have weakened.
This is due to the acceptance of the central bank's reform by the market, and the US Federal Reserve's decision to delay a hike in interest rates.
China expands pilot program to cut loan cost
Anchor:
China's central bank has announced plans to expand a pilot program on credit-asset- pledged-lending to nine municipalities and provinces.
The scheme allows banks to refinance high-quality credit assets rated by the central bank.
It was promoted in Shandong and Guangdong provinces last year.
Now the program will be expanded to include nine municipalities and provinces including Beijing, Shanghai and Chongqing.
The move is expected to cut borrowing costs and guide more funds into agriculture and small enterprises to boost China's real economy.
For more on the program, CRI's Spencer Musick spoke with Mike Bastin, director of China Business Center based in London.
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Back Anchor:
That was Mike Bastin, director of China Business Center based in London, speaking with CRI's Spencer Musick.
China working on measures to standardize pension investment process
China's regulatory authorities are currently working on detailed measures to standardize the process of collecting and transferring pension funds available for investment among the central government, local governments and pension trustees.
Shanghai Securities News points out, currently in China, the pension system is not unified at the national level.
With a standardized process nationwide, pension investment will be more efficient and secure.
According to a guideline published by the State Council in August, pension funds will be allowed to be invested in new products, including domestic stocks.
China nears annual affordable housing target
The latest data from the Ministry of Housing and Urban-Rural Development shows China has almost realized the annual target for its affordable housing program.
Construction on nearly 7 million units of affordable housing has begun this year, accounting for around 92 percent of the units planned for 2015.
As of the end of September, construction of 6.25 million units was "nearly completed," far more than the target.
Over the past four years, more than 20 million affordable housing units were completed across the country.
Approved in 1999, the program will provide cheaper housing to low-income families who have been priced out of the housing market.
China Tower likely to get capital injection from China Reform Holdings
It's been reported that China Tower will get a capital injection of over ten billion yuan, or 1.6 billion US dollars, from China Reform Holdings Corporation.
China Tower is a subsidiary of China's three basic telecom operators - China Mobile, China Unicom, and China Telecom.
After the capital injection, China Reform Holdings will become the fourth largest shareholder of China Tower.
China's three telecom giants will complete delivery of stock assets to China Tower by the end of the month.
Insiders believe the capital injection will help China Tower to explore new business fields, such as charging pile construction.
CRCC High-tech Equipment's H-share IPO plan nodded by CSRC
China Railway Construction Corporation has announced that its subsidiary, CRCC High-tech Equipment Corporation, has received regulatory approval for listing on the Hong Kong stock market.
The company recently received the approval from the China Securities Regulatory Commission for making an initial public offering of no more than 612 million H shares.
The company says even though the mainland regulator has approved the listing, it still needs to be finalized by the Hong Kong stock exchange.
