• Mon
  • Sep 1, 2014
  • Updated: 9:40pm

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

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