Investment projects THE National Development and Reform Commission approved eight fixed-asset investment projects with combined investment totaling 7.1 billion yuan (US$1.02 billion) in November, official data showed. The projects were mainly in the energy industry, according to Meng Wei, a spokesperson with the commission. China continued to see steady growth in fixed-asset investment, boosted by robust high-tech investment and improving trend in some weak areas. The fixed-asset investment grew 5.2 percent year on year in the first 11 months of 2019, according to the National Bureau of Statistics. Bonds issuances THE value of bonds issued in China last month totaled 3.9 trillion yuan, up from 3.1 trillion yuan in October, official data showed. Treasury bond issuance stood at 402.2 billion yuan, while local government bond issuance was 45.79 billion yuan, according to the People’s Bank of China. Financial bonds issued last month were valued at 600 billion yuan, and corporate debenture issuance was 908.4 billion yuan. By the end of November, total bonds outstanding reached 97.6 trillion yuan, showed the data. Macao banks THE Central Government will support and encourage Macao banks to set up branches on the mainland as part of efforts to stimulate the region’s economic and financial development, the China Banking and Insurance Regulatory Commission said in a statement on its website Friday. Mainland financial leasing firms are now also allowed to operate in Macao, according to the statement. The regulator announced Dec. 16 that Chinese insurers could invest in Macao. |