state

State Post Bureau: Resolutely rectify illegal charging of rural express delivery services

Zhao Chongjiu said that in 2024, the State Post Bureau will focus on the following four aspects: First, further improve the three-level delivery logistics and distribution system in counties and villages. Strengthen the construction of county-level distribution centers, township outlets and village-level delivery logistics comprehensive service stations, continuously improve the…...

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State Administration of Foreign Exchange: China’s foreign exchange market totaled 24.67 trillion yuan in transactions in January

Among them, the bank-to-customer market turnover was 3.76 trillion yuan (equivalent to 0.53 trillion U.S. dollars), the inter-bank market turnover was 20.91 trillion yuan (equivalent to 2.94 trillion U.S. dollars); the cumulative spot market turnover was 8.33 trillion yuan (equivalent to 2.94 trillion U.S. dollars). Equivalent to US$1.17 trillion), and…...

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State-owned Assets Supervision and Administration Commission of the State Council: Improving core competitiveness to serve major national strategies

Zhang Yuzhuo, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council, studied and deployed key tasks for 2024 at a meeting of central enterprise leaders.Image source: Website of the State-owned Assets Supervision and Administration Commission of the State Council “We…...

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State Administration of Financial Supervision: The solvency of the insurance industry will be sufficient and stable in the fourth quarter of 2023

At the end of the fourth quarter of 2023, the comprehensive solvency adequacy ratio of the insurance industry was 197.1%, and the core solvency adequacy ratio was 128.2%, both higher than the compliance standards of 100% and 50%. Among them, the comprehensive solvency adequacy ratios of property and casualty insurance…...

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State Administration for Market Regulation: Promote fair competition and vigorously eliminate administrative monopolies and local protections

Specifically, we will focus on the following aspects: First, we will work hard to deepen reform and innovation.. Reform and innovation are the source of motivation that stimulates vitality. Market regulatory authorities will continue to improve access and business access rules and market exit mechanisms to provide more convenience for…...

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State Administration for Market Regulation: Keep an eye on New Year’s Day and Spring Festival consumption hot spots and strengthen monitoring of price fluctuations

Pu Chun introduced that in order to stabilize the price and quality of important people’s livelihood commodities during the New Year’s Day and Spring Festival, and fully ensure that the people have a happy and peaceful New Year, the State Administration for Market Regulation has deployed the work of stabilizing…...

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State Administration for Market Regulation: Improve the level of normalized supervision to serve the healthy and standardized development of the platform economy

Xu Lefu said that in the field of anti-monopoly supervision over the concentration of operators in the platform economy, the State Administration for Market Regulation has steadily promoted the normalized supervision ideas of ex-ante compliance, in-process review, and ex-post accountability. The so-called “ex-ante compliance” refers to focusing on compliance advocacy…...

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Improve the quality and efficiency of financial services to the real economy, and the State Administration of Financial Supervision further regulates loan management

“In recent years, with the continuous development of my country’s economy and society, new requirements have been put forward for financial services to the real economy. Some provisions in the ‘Three Measures and One Guidelines’ have also shown certain limitations and lags, and need to be updated and adjusted in…...

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State Administration of Foreign Exchange: As of the end of December 2023, my country’s foreign exchange reserves increased by 2.1% month-on-month

The State Administration of Foreign Exchange stated that in December 2023, affected by factors such as the monetary policies and expectations of major economies, the U.S. dollar index fell and global financial asset prices generally increased. The scale of foreign exchange reserves increased that month due to the combined effects…...

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Promote the industry to return to the origin of leasing business, and the State Administration of Financial Supervision strengthens the management of financial leasing companies

“With the development and changes of my country’s economic and financial situation, the previously released “Administrative Measures for Financial Leasing Companies” can no longer meet the needs of high-quality development and effective supervision of the financial leasing industry.” The person in charge of the relevant departments of the State Administration…...

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