• Sat
  • Nov 29, 2014
  • Updated: 3:30pm

Ministry of Finance

China's economic assistance to its nuclear threat neighbour is a state secret

Previously sentenced to re-education through labour ahead of the Olympics, 81-year-old activist Wang Xiuying demands to know how much support China gives North Korea.

Tuesday, 5 February, 2013, 9:56am

Briefs, January 6, 2013

The PLA air force yesterday said no Myanmese jets had entered Chinese territory during raids on Kachin rebels.

6 Jan 2013 - 4:46am

Beijing vows to cut taxes, limit local borrowing

The Ministry of Finance pledged to offer greater support to job-creating small companies through tax and fee cuts, to regulate local government borrowings and to maintain a reasonable size of central government investment in infrastructure next year.

21 Dec 2012 - 3:46am

Beijing revises dividend tax in bid to revive stock market

To encourage long-term investment in the beleaguered stock market, Beijing unveiled a new dividend tax regime yesterday after the benchmark edged closer to a psychologically significant lower level.

17 Nov 2012 - 4:13am

Business Digest, October 19, 2012

Cabinet promises 'reasonable' liquidity

19 Oct 2012 - 3:33am

China to add funding to public housing

China will add 5 billion yuan (HK$6 billion) of funding to help build public housing projects and revamp shanty towns, the finance ministry said on Monday.

The move is the latest sign of renewed central government efforts to use fiscal spending to underpin economic growth.

29 Aug 2013 - 4:13am

Profits at SOEs fall 11.6pc this year as costs rise

State-owned companies' profits fell to 1.02 trillion yuan in the first six months of the year, 11.6 per cent less than in the same period last year, due to higher input costs, the Ministry of Finance said.

For the first four months of this year, combined profit was only 8.6 per cent lower than in the same period last year.

17 Jul 2012 - 12:00am

Debts of 2 trillion yuan and rising

In a sign that the troubled Ministry of Railways is scaling back its rail-building projects, it is denying earlier media reports that it is seeking 800 billion yuan (HK$978.8 billion) of funding.

8 Nov 2011 - 12:00am

Local governments get go-ahead to sell bonds

For the first time in 17 years, the mainland has given approval for selected local governments to directly sell bonds as it seeks to help them tackle a financing shortfall for public projects.

21 Oct 2011 - 12:00am

Government income jumps 34pc to 755b yuan

The mainland's fiscal revenue surged 34.4 per cent last month from a year ago, keeping Beijing with sufficient funds to manage a slowdown in economic growth in the face of an escalating European debt crisis and a possible double-dip US recession.

14 Sep 2011 - 12:00am

Slowdown in revenue growth likely

The mainland's fiscal revenue rose 31.2 per cent year on year to 5.69 trillion yuan (HK$6.85 trillion) in the first half of this year, continuing a trend that has seen this revenue outpace growth in economic output and household incomes for years.

15 Jul 2011 - 12:00am

State agencies told to buy local

The mainland plans to introduce strict rules for government procurement of imported products, with the aim of protecting domestically manufactured products and promoting innovation, local media reported.

26 Feb 2008 - 12:00am

College canteens get subsidies

A total of 50.76 million yuan has been allocated to subsidise college canteens to ensure food price stability ahead of the winter break next month, the Ministry of Finance announced.

Students have been hit by a rapid increase in prices at canteens caused by soaring prices of meat, energy and water on the mainland this year.

31 Dec 2007 - 12:00am

600b yuan bond issue starts off investment body

Analysts see no impact on liquidity

The Ministry of Finance sold 600 billion yuan of special treasury bonds to the central bank yesterday, taking a concrete step to starting the China Investment Corp, a state-owned vehicle for overseas investments.

30 Aug 2007 - 12:00am

Comment on stamp duty rise 'a mistake'

Some government officials may have made a mistake by commenting on the stamp duty rise before the release of the new policy, a senior mainland central banker suggested yesterday.

The Ministry of Finance last week tripled the stamp duty on stock transactions in a move to curb the market rally. That came just a few days after another official denied an increase was in the offing.

7 Jun 2007 - 12:00am

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