China to Boost Acquisition of Completed Commercial Homes
China is implementing measures to increase the acquisition of completed commercial homes. This initiative aims to stabilize the real estate market and reduce housing inventory, providing opportunities for developers and investors in the real estate sector.
Financial Institutions Report 8.5% Growth in Total Assets
China’s financial institutions reported an 8.5% growth in total assets year-on-year by the end of May 2024. This growth highlights the strong performance and stability of China's banking, insurance, and securities sectors, indicating a robust financial market.
NEV Penetration to Hit New High of 49.1% in June
A recent survey forecasts that the penetration rate of new energy vehicles (NEVs) in China will reach a record high of 49.1% in June 2024. This reflects growing consumer acceptance and government support for sustainable transportation, offering significant opportunities for the NEV market.
Advertisement Industry Maintains Growth in 2023
China’s advertisement industry saw steady growth in 2023, driven by digital advertising and innovative marketing strategies. This sector’s resilience underscores the expanding consumer market and the increasing role of digital platforms in advertising.
Boosting Intellectual Property Protection
China has established 44 national intellectual property (IP) rapid rights protection centers to enhance IP protection. These centers aim to support innovation and attract design talent, promoting high-quality development across various industries.
Robust Growth in Overseas Investment
China reported robust growth in overseas investment in the first five months of 2024, with a notable increase in investment in high-tech industries and services. This trend indicates China's expanding global economic footprint and opportunities for international cooperation.
Voices on Financial Market Reform and Opening-Up
At the Shanghai Lujiazui Forum, officials discussed advancing China's financial market reforms and opening up. Key points included deepening STAR market reform, keeping monetary policy accommodative, facilitating foreign investment in domestic securities, and promoting the development of the insurance sector.