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Ministry of Finance (China)

The Ministry of Finance (MOF) is a governmental body in China, headquartered in Beijing. As a constituent department of the State Council, its primary mission is to administer macroeconomic policies, manage the national annual budget, and oversee fiscal policy, economic regulations, and government expenditure. Its main areas of activity include formulating and implementing public finance and taxation strategies, drafting relevant laws, managing central government revenue and expenditure, and overseeing government debt.

Under new rules, individuals who sell a residential property within two years of buying it will pay VAT at 3 per cent instead of 5 per cent. Photo: Getty

China property

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

31 Dec 2025 - 1:39AM

China's economic recovery

Consumer demand and public services top China’s financial priorities for 2026

28 Dec 2025 - 9:07PMvideocam

China economy

China’s cabinet clears path for VAT law to take effect next month

21 Dec 2025 - 5:39PMvideocam

Bonds

China’s euro bond sale sees record demand, signals strong investor confidence

Oversubscribed issuance reflects confidence in Beijing’s assets as investors seek rare Asian sovereign exposure, industry players say.

19 Nov 2025 - 8:58PM

China’s relatively disciplined approach to offshore bond issuance is attractive to investors at a time when many developed markets are facing rising fiscal deficits and heavier issuance pipelines, according to industry players. Photo: AFP

China economy

Opinion | An obscure new department heralds a shift in China’s debt cycle

In addition to regulating local government debt, the department will guide the nation away from a cycle driven by land as collateral.

16 Nov 2025 - 4:30PMvideocam

China-Latin America relations

Cop30: China to join coalition seeking shared rules for carbon trading

New alliance, which also includes the EU and UK, was created to align standards globally and help countries trade carbon credits more easily.

8 Nov 2025 - 6:15AMvideocam

Bonds

Beijing’s US$4 billion bond sale tests economic outlook after trade truce

Strong response to sovereign notes signals renewed global investor confidence amid de-escalation, open policies, HSBC banker says.

6 Nov 2025 - 5:02PM

People ride bicycles along a street in Beijing’s business district on April 16, 2024. Photo: AFP

Banking & finance

China sets up new department to spearhead government debt clean-up drive

The move comes as Beijing steps up efforts to clear up masses of ‘hidden debt’ accumulated by local governments.

4 Nov 2025 - 7:00PMvideocam

Made in China 2025

Beijing’s new ‘Made in China’ standards give foreign firms ‘national treatment’

Whether companies are state-owned, private or foreign, China’s new policy aims to prevent favouritism or discrimination by government procurement bodies.

2 Oct 2025 - 5:00PM

China debt

In China, Ray Dalio discusses global debt issues as Beijing seeks his counsel

With local-level debt still posing risks in China, while US borrowing accelerates, Beijing turns to the Wall Street veteran for guidance while navigating precarious financial waters.

24 Sep 2025 - 7:00PMvideocam

Billionaire global macro investor Ray Dalio, seen here in May 2024, spoke this week with top Chinese officials in Beijing. Photo: Reuters

Accounting and auditing

Hong Kong audit regulator imposes fine of US$245,000 on Deloitte

Move part of the first batch of cases from Accounting and Financial Reporting Council, with aid from mainland’s Ministry of Finance.

29 Aug 2025 - 10:44AM

People walk through Beijing’s central business district. Photo: AFP

China consumption

China prods consumers again as 20-year first fans slowdown fears

Chinese policymakers rolled out new consumption stimulus measures as the first decline in new bank loans for two decades added to signs that the economy may be cooling.

14 Aug 2025 - 5:00PM