Under the plan, the National Anti-Monopoly Bureau would be elevated to deputy-ministerial level, while remaining within SAMR, to help M&A investigators gain resources
Latest increase follows government U-turn introduced to boost power generation; floods in mining regions deepen difficulties in extracting coal.
Chinese billionaire has kept a low profile since giving a speech in Shanghai last year criticising financial regulators. Ant was forced to drop its IPO and has undergone a major rejig.
Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks
China has the ability to address the Evergrande crisis, although there is a risk of the developer's pain escalating to cause broader financial stress, the Fund says
Bondholders said Evergrande hadn’t stumped up $150 million for a coupon payment due Monday, its third missed payment in as many weeks
Car sales fell 19.6% in September from 2020, amid supply and power constraints, but sales of new energy vehicles were strong, industry officials said.
All industrial and commercial users will have to buy directly from the market or agents over the grid – just 44% do this now – in a move aimed at stopping high energy consumption
Bourse blames outdated info after it suspended the review of 57 IPO applications affecting over $21 billion in targeted fundraising
Tight credit controls on mortgage and developer loans may also be gradually relaxed, Bank of America Securities says
Authorities striving to control the vast volumes of data gathered by cars as ‘smart’ vehicles proliferate
Property bonds sink after Modern Land asks to delay maturity on bond due this month. Holders of offshore Evergrande bonds also await news on $148m in payments after missed Sept deadlines.