Issue 1305 - 08.02.2023
08.02.2023

Uzbekistan and Kyrgyzstan agree on new prospects for strategic partnership

A round table was held at the International Institute of Central Asia (MICA) titled “Uzbekistan and Kyrgyzstan: New prospects for strategic partnership" dedicated to the results of the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Kyrgyzstan, held on 26-27 January 2023.

MICA Director Vladimir Norov in his speech focused on the fact that the achieved high dynamics of mutually beneficial and constructive cooperation, which has acquired the character of a comprehensive strategic partnership, opens up new prospects for the further expansion of trade and economic relations between our countries.

“The governments of friendly countries have been tasked with bringing the trade turnover up to US$2 billion.

Norov noted that during the negotiations an agreement was reached to work out the issues of substituting imports from third countries with affordable products of our manufacturers, as well as the creation of shopping centers in the capitals of the two states.

At the same time, great emphasis was placed on the development of joint projects based on industrial cooperation.

The Uzbek-Kyrgyz Development Fund has been launched, which is already financing real projects.

As part of the industrial cooperation, production of modern household appliances, building materials, and medical products has been established in Kyrgyzstan.

In addition, the automotive industry, the agro-industrial complex, the textile, manufacturing, mining industries, as well as transport, energy and medicine have been identified as promising areas for mutually beneficial cooperation.

At the same time, the construction of the Kambarata HPP-1 with the participation of Kazakhstan, which was given a special place during the last visit, became the flagship in the energy sector in relations between Uzbekistan and Kyrgyzstan.

This is the first mega project between the three countries in the recent history of Central Asia.

According to the director of MICA, the successful implementation of this project will create a solid foundation for sustainable development not only of our countries, but of the entire region in terms of economy and energy.

Formation of new mechanisms of Uzbek-Kyrgyz cooperation has become a key factor in strengthening trust between states. This opinion was expressed by Akramjon Nematov, First Deputy Director of the Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan, speaking at a round table on the topic "Uzbekistan and Kyrgyzstan: New prospects for strategic partnership", held on 7 February in Tashkent and timed to coincide with the results of the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Kyrgyzstan.

The expert stressed that it was thanks to the good political will of the leaders of Uzbekistan and Kyrgyzstan that an atmosphere of mutual trust and understanding in relations between states was formed in a short period of time. This made it possible, in a constructive spirit, on the basis of the principles of mutual respect and consideration of each other’s interests, to search for and find mutually acceptable compromises on all complex key issues that have been a permanent source of tension in interstate relations for many years. “These are issues of determining the line of the state border, land use, exploitation of the resources of transboundary watercourses, and interaction in the energy sector,” the ISMI representative noted.

At the same time, Akramjon Nematov pointed out, the established high level of political dialogue has become a key driving force for the progressive development of mutually beneficial cooperation. To this end, regular contacts were maintained not only at the level of heads of state, but also at the level of governments, parliaments, and the tools of public diplomacy were used. In particular, already in 2017, at the initiative of the President of Uzbekistan Shavkat Mirziyoyev, from September to December, three mutual visits of the heads of state took place, which moved the solution of pressing issues off the ground. A general political line was determined, the essence of which was that not a single acute issue should become an obstacle, but, on the contrary, should become a subject for dialogue.

In the same year, eight years after the break, the Joint Commission on Trade, Economic, Scientific, Technical, Cultural and Humanitarian Cooperation resumed its work, and its activities were coordinated directly by the prime ministers of the two countries themselves.

Along with this, Akramjon Nematov added, since 2018, the first established Inter-Parliamentary Commission on Cooperation between the Oliy Majlis of the Republic of Uzbekistan and the Jokorgu Kenesh of the Kyrgyz Republic began its activities, a year earlier a new format of cooperation was launched - the Council of Khokims of the border regions of the Republic of Uzbekistan and authorized representatives of the government of the Kyrgyz Republic Republics in the border areas.

The speaker noted the readiness of Uzbekistan and Kyrgyzstan to further progressively develop cooperation. In this regard, during the state visit, the parties reached an agreement to create an Interstate Council, which will give even more stability to the political dialogue and additional dynamics in filling the comprehensive strategic partnership with practical content.

In his words, the activation of existing and the formation of new mechanisms for bilateral cooperation have brought the maintenance of a systemic political dialogue and the organization of practical interaction to a qualitatively new level, and have become, in fact, a key factor in strengthening mutual trust between states. "This, in turn, has significantly expanded the ability of our countries to jointly reveal all the untapped potential of cooperation, increased the stability of our states in the face of external and internal challenges," Akramjon Nematov concluded.

Reported by the Uzbekistan Daily.

Uzbekistan General

08.02.2023

Draft implementation of Development Strategy of New Uzbekistan under discussion

A draft presidential decree on the implementation of the Development Strategy of New Uzbekistan for 2022-2026 in the Year of attention to people and quality education has been published for discussion.

The project includes the following changes:

starting from the 2023/2024 academic year, primary school students will be provided with free meals...

A draft presidential decree on the implementation of the Development Strategy of New Uzbekistan for 2022-2026 in the Year of attention to people and quality education has been published for discussion.

The project includes the following changes:

starting from the 2023/2024 academic year, primary school students will be provided with free meals...

08.02.2023

Uzbekistan introduces control over land degradation

The Government of Uzbekistan issued a resolution on approval of the Regulations on the procedure for monitoring, evaluation, preparation of reporting forms and publication of the results of measures to combat land degradation.

This document instructs the Ministry of Agriculture and its structural divisions to conduct monitoring. All data obtained through...

The Government of Uzbekistan issued a resolution on approval of the Regulations on the procedure for monitoring, evaluation, preparation of reporting forms and publication of the results of measures to combat land degradation.

This document instructs the Ministry of Agriculture and its structural divisions to conduct monitoring. All data obtained through...

08.02.2023

Uzbekistan, USA prepare joint healthcare projects

Minister of Health of Uzbekistan Amrillo Inoyatov met with US Ambassador Extraordinary and Plenipotentiary to Uzbekistan Jonathan Henick and representatives of the USAID mission in Uzbekistan, the press service of the Ministry of Health reported.

At the meeting, held in the spirit of sincerity and partnership, issues of mutual cooperation in...

Minister of Health of Uzbekistan Amrillo Inoyatov met with US Ambassador Extraordinary and Plenipotentiary to Uzbekistan Jonathan Henick and representatives of the USAID mission in Uzbekistan, the press service of the Ministry of Health reported.

At the meeting, held in the spirit of sincerity and partnership, issues of mutual cooperation in...

Finance and Investment

08.02.2023

State budget deficit of Uzbekistan reaches 5.5 trillion soum over 8 days of January

In Uzbekistan, for 8 days of January, state budget expenditures exceeded revenues by 2.3 times, due to which the deficit reached 5.54 trillion soum. This follows from the data of the Ministry of Economy and Finance (MEF).

The IEF has been publishing on Telegram data on revenues and receipts, as well...

In Uzbekistan, for 8 days of January, state budget expenditures exceeded revenues by 2.3 times, due to which the deficit reached 5.54 trillion soum. This follows from the data of the Ministry of Economy and Finance (MEF).

The IEF has been publishing on Telegram data on revenues and receipts, as well...

08.02.2023

Uzbekistan prepares measures to curb inflation

President of Uzbekistan Shavkat Mirziyoyev held a meeting on reducing inflation this year.

Inflation is not only a macroeconomic indicator, but also a factor affecting the income and standard of living of the population. At the end of 2022, inflation in our country amounted to 12.3 percent. This year, using all...

President of Uzbekistan Shavkat Mirziyoyev held a meeting on reducing inflation this year.

Inflation is not only a macroeconomic indicator, but also a factor affecting the income and standard of living of the population. At the end of 2022, inflation in our country amounted to 12.3 percent. This year, using all...

08.02.2023

World Bank evaluates Uzbekistan’s progress in strategic reforms

For the World Bank, the implementation of programs in Uzbekistan is considered one of the three most important areas of activity in the Europe and Central Asia regions. These programs are aimed primarily at macroeconomic reforms and modernization of agriculture, water management, improvement of water supply and irrigation services, development...

For the World Bank, the implementation of programs in Uzbekistan is considered one of the three most important areas of activity in the Europe and Central Asia regions. These programs are aimed primarily at macroeconomic reforms and modernization of agriculture, water management, improvement of water supply and irrigation services, development...

08.02.2023

International reserves of Central Bank of Uzbekistan increase to almost $36 billion in January

As of February 1, the official international reserves of Uzbekistan reached $35.94 billion, according to the website of the Central Bank.

In January, their volume increased by $181 million, and in just three months after reaching a two-year low by almost $3.6 billion. Now it has reached a new maximum in...

As of February 1, the official international reserves of Uzbekistan reached $35.94 billion, according to the website of the Central Bank.

In January, their volume increased by $181 million, and in just three months after reaching a two-year low by almost $3.6 billion. Now it has reached a new maximum in...

08.02.2023

Uzbekistan's import spending almost doubles its earnings on exports

The current account deficit of the balance of payments at the end of 2022 amounted to $511 million, according to the preliminary report of the Central Bank.

Compared to 2021, the negative indicator has decreased by 9 times. The positive balance of primary and secondary income (+$15.2 million) almost completely offset...

The current account deficit of the balance of payments at the end of 2022 amounted to $511 million, according to the preliminary report of the Central Bank.

Compared to 2021, the negative indicator has decreased by 9 times. The positive balance of primary and secondary income (+$15.2 million) almost completely offset...

08.02.2023

Greenback plummets as stock markets edge up

The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinflation has started, saying he expects significant declines in inflation this year.

Powell did not revert to a hawkish stance despite last Friday's blockbuster U.S. non-farm payrolls report, which...

The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinflation has started, saying he expects significant declines in inflation this year.

Powell did not revert to a hawkish stance despite last Friday's blockbuster U.S. non-farm payrolls report, which...

Oil and Gas Sector

08.02.2023

Liquefied gas, sugar and polyethylene fall in price at stock exchange of Uzbekistan

The results of weekly trading from January 30 to February 5 this year on all trading floors of Uzbek National Commodity and Raw Materials Exchange showed an increase in the number of goods sold. This was reported by the PR department of UzEX.

During the specified period, goods were sold for...

The results of weekly trading from January 30 to February 5 this year on all trading floors of Uzbek National Commodity and Raw Materials Exchange showed an increase in the number of goods sold. This was reported by the PR department of UzEX.

During the specified period, goods were sold for...

08.02.2023

Uzbekneftegaz buys another 50,000 tonnes of gasoline from Tatneft

In January, Uzbekneftegaz agreed to purchase 50,000 tonnes of AI-80 gasoline from Russia.

The Tatneft company became the supplier of fuel for Uzbekistan. Its TANECO plant produced and sent to the country a custom-made batch of gasoline AI-80 of ecological category K5.

On February 4, Russian fuel went on sale at Uzbekneftegaz...

In January, Uzbekneftegaz agreed to purchase 50,000 tonnes of AI-80 gasoline from Russia.

The Tatneft company became the supplier of fuel for Uzbekistan. Its TANECO plant produced and sent to the country a custom-made batch of gasoline AI-80 of ecological category K5.

On February 4, Russian fuel went on sale at Uzbekneftegaz...

08.02.2023

Brent on the rise within $80-82/b range

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Brent crude futures were up 73 cents, or 0.9%, to $81.72 per barrel at 1334...

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Brent crude futures were up 73 cents, or 0.9%, to $81.72 per barrel at 1334...

08.02.2023

Natural gas benchmarks steady as weather matches supplies

European wholesale gas prices were mixed on Tuesday as expectations of high wind power output weighed on British spot prices while the benchmark Dutch contract was little changed.

The British day-ahead contract was down by 3.75 pence to 146 p/therm by 1002 GMT, according to Refinitiv Eikon data.

UK peak wind generation...

European wholesale gas prices were mixed on Tuesday as expectations of high wind power output weighed on British spot prices while the benchmark Dutch contract was little changed.

The British day-ahead contract was down by 3.75 pence to 146 p/therm by 1002 GMT, according to Refinitiv Eikon data.

UK peak wind generation...

Agriculture

08.02.2023

Uzbekistan identifies buyers for two oil and fat enterprises

According to the information service of the State Assets Agency, potential buyers have been identified with whom an agreement is being concluded for the right to conduct a deal on the purchase of state blocks of shares in the authorised capitals of two large oil and fat enterprises. They were...

According to the information service of the State Assets Agency, potential buyers have been identified with whom an agreement is being concluded for the right to conduct a deal on the purchase of state blocks of shares in the authorised capitals of two large oil and fat enterprises. They were...

08.02.2023

Russian timber merchants face difficulties in deliveries to Uzbekistan

Railway carriers and shippers of timber cargo in Russia complain about the ban on the export of timber by container trains through checkpoints on the border with Kazakhstan.

The Russian government adopted a resolution in which it determined the checkpoints for the export of certain goods from the country. However, until...

Railway carriers and shippers of timber cargo in Russia complain about the ban on the export of timber by container trains through checkpoints on the border with Kazakhstan.

The Russian government adopted a resolution in which it determined the checkpoints for the export of certain goods from the country. However, until...

08.02.2023

US wheat, maize contracts reverse advance on Latin American weather shift

Chicago soybean futures inched higher on Tuesday, as harvest progress slowed in top exporter Brazil due to continued heavy rains in key producing regions.

Wheat reversed earlier gains, while corn edged lower.

The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.1% at $15.23-1/4 a bushel, as of...

Chicago soybean futures inched higher on Tuesday, as harvest progress slowed in top exporter Brazil due to continued heavy rains in key producing regions.

Wheat reversed earlier gains, while corn edged lower.

The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.1% at $15.23-1/4 a bushel, as of...

Metals and Minerals

08.02.2023

Bullion gains strength on volatile gringo dollar

Gold inched up on Tuesday as traders waited for more economic data to gauge its likely influence on U.S. interest rates, while a slightly higher dollar kept prices in check.

Spot gold rose 0.2% to $1,870.16 per ounce by 1209 GMT, after hitting its lowest level since Jan. 6 on Monday.

U.S....

Gold inched up on Tuesday as traders waited for more economic data to gauge its likely influence on U.S. interest rates, while a slightly higher dollar kept prices in check.

Spot gold rose 0.2% to $1,870.16 per ounce by 1209 GMT, after hitting its lowest level since Jan. 6 on Monday.

U.S....

08.02.2023

Iron ore, steel depreciate as coal logs gains

Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.

The most-traded iron ore, for May delivery, on China’s Dalian Commodity Exchange ended daytime trade 0.7% lower at 840.50 yuan ($123.86) a tonne. It...

Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.

The most-traded iron ore, for May delivery, on China’s Dalian Commodity Exchange ended daytime trade 0.7% lower at 840.50 yuan ($123.86) a tonne. It...

08.02.2023

Copper, tin appreciate as other base metals post losses

Copper prices rose on Tuesday from a four-week low in the previous session as a dollar rally paused and global equities steadied following a sell-off.

Strong U.S. employment data last week raised the spectre of higher than expected interest rates, turning markets cautious and boosting the safe-haven dollar. 

Copper and equities are both bets...

Copper prices rose on Tuesday from a four-week low in the previous session as a dollar rally paused and global equities steadied following a sell-off.

Strong U.S. employment data last week raised the spectre of higher than expected interest rates, turning markets cautious and boosting the safe-haven dollar. 

Copper and equities are both bets...

Energy Industry

08.02.2023

National Electric Networks of Uzbekistan builds new substation

To improve the power supply to consumers in Syrdarya and Jizzakh regions, the first high-voltage digital substation and power transmission line are being built, the Ministry of Energy said in a statement.

In order to improve the power supply to consumers in the Shirin, Yangiyer, Khavas districts of the Syrdarya region,...

To improve the power supply to consumers in Syrdarya and Jizzakh regions, the first high-voltage digital substation and power transmission line are being built, the Ministry of Energy said in a statement.

In order to improve the power supply to consumers in the Shirin, Yangiyer, Khavas districts of the Syrdarya region,...

Manufacturing industry

08.02.2023

Belgian company shows interest in cooperation with textile enterprises of Uzbekistan

Uzbek diplomats yesterday organized a visit to Picanol and a meeting with its sales manager, Tony Decock.

According to the Embassy of Uzbekistan, Picanol Group is a diversified industrial group operating in the field of engineering, agriculture, food processing, water management and other industrial markets. The company is based in Ypres...

Uzbek diplomats yesterday organized a visit to Picanol and a meeting with its sales manager, Tony Decock.

According to the Embassy of Uzbekistan, Picanol Group is a diversified industrial group operating in the field of engineering, agriculture, food processing, water management and other industrial markets. The company is based in Ypres...

Communications and Transportation

08.02.2023

Motor transport remains leader in market of transport services in Uzbekistan

Experts from the Institute for Forecasting and Macroeconomic Research (IFMR) analysed the transport services provided in Uzbekistan in 2022.

In 2022, the volume of market services provided in Uzbekistan amounted to 357,554.5 billion soum. In the structure of market services provided by type of economic activity, transport services took second place...

Experts from the Institute for Forecasting and Macroeconomic Research (IFMR) analysed the transport services provided in Uzbekistan in 2022.

In 2022, the volume of market services provided in Uzbekistan amounted to 357,554.5 billion soum. In the structure of market services provided by type of economic activity, transport services took second place...

08.02.2023

More than 1,000 accidents in Uzbekistan last year happen due to lack of pedestrian crossings

The traffic safety service of the Department of Public Security of the Ministry of Internal Affairs published statistics on traffic accidents for the past year. During this time, 9,902 accidents occurred on the territory of the republic, and 2,086 of them were fatal, 2,356 people died. 9,606 people were injured.

The...

The traffic safety service of the Department of Public Security of the Ministry of Internal Affairs published statistics on traffic accidents for the past year. During this time, 9,902 accidents occurred on the territory of the republic, and 2,086 of them were fatal, 2,356 people died. 9,606 people were injured.

The...

08.02.2023

Uzbekistan Airways offers tickets to New York and back with a 20% discount

Uzbekistan Airways has announced a 20% discount on flights between Tashkent and New York. This is stated on the airline's website. The discount applies to all published economy and business class fares, for flights in both directions between Tashkent and New York. But the action is limited to a period...

Uzbekistan Airways has announced a 20% discount on flights between Tashkent and New York. This is stated on the airline's website. The discount applies to all published economy and business class fares, for flights in both directions between Tashkent and New York. But the action is limited to a period...

08.02.2023

About 4.18 million cars registered in Uzbekistan

As of 1 January 2022, a total of 3,821,869 cars were registered in Uzbekistan.

During 2022, an additional 364,652 vehicles were registered, and as of 1 January 2023, the total number of vehicles was 4.18 million  units.

Also, according to the Agency on Statistics under the President of the Republic of Uzbekistan,...

As of 1 January 2022, a total of 3,821,869 cars were registered in Uzbekistan.

During 2022, an additional 364,652 vehicles were registered, and as of 1 January 2023, the total number of vehicles was 4.18 million  units.

Also, according to the Agency on Statistics under the President of the Republic of Uzbekistan,...

08.02.2023

Uzbekistan records 2,356 deaths in traffic accidents through 2022

In 2022, 9,902 road accidents occurred in Uzbekistan, and 2,356 citizens died in 2,086 fatal cases.

About 7,816 incidents were related to injuries, in which 9,606 citizens were injured.

The total number of road traffic accidents in 2022 compared to 2021 decreased by 99, or 1%, the number of deaths decreased by...

In 2022, 9,902 road accidents occurred in Uzbekistan, and 2,356 citizens died in 2,086 fatal cases.

About 7,816 incidents were related to injuries, in which 9,606 citizens were injured.

The total number of road traffic accidents in 2022 compared to 2021 decreased by 99, or 1%, the number of deaths decreased by...

08.02.2023

Uzbekistan plans to limit speed of cars to 60 km/h in residential areas

Uzbekistan intends to limit the speed of vehicles to 60 km/h in all settlements.

This is envisaged by the draft presidential decree on the state program for 2023.

It is expected that the speed limit for cars to 60 km/h will come into force on 1 June 2023.

The draft decree proposes reforming...

Uzbekistan intends to limit the speed of vehicles to 60 km/h in all settlements.

This is envisaged by the draft presidential decree on the state program for 2023.

It is expected that the speed limit for cars to 60 km/h will come into force on 1 June 2023.

The draft decree proposes reforming...

Real Estate and Construction

08.02.2023

Mortgage lending market of Uzbekistan changes in 2022

In 2022, Uzbeks received new mortgage loans for 14.37 trillion soum, the Central Bank reports in the final market review.

Compared to 2021, the volume of lending for the purchase of housing increased by 46.7%. In the fourth quarter alone, banks issued loans for more than 4 trillion soum, which is...

In 2022, Uzbeks received new mortgage loans for 14.37 trillion soum, the Central Bank reports in the final market review.

Compared to 2021, the volume of lending for the purchase of housing increased by 46.7%. In the fourth quarter alone, banks issued loans for more than 4 trillion soum, which is...

Regional News

08.02.2023

Industry in Russia does not stop sanctioned imports

The Gaidar Institute (IER) in January conducted a survey of representatives of industrial enterprises on how they replaced imports of equipment, spare parts and components that fell under the sanctions in 2022 (see chart). It turned out that the unconditional import substitutes in relation to machinery and equipment were Chinese...

The Gaidar Institute (IER) in January conducted a survey of representatives of industrial enterprises on how they replaced imports of equipment, spare parts and components that fell under the sanctions in 2022 (see chart). It turned out that the unconditional import substitutes in relation to machinery and equipment were Chinese...

08.02.2023

Rouble subdued as bulls prevail on Russian equity markets

The rouble fell to a near one-month low past 71 to the dollar in early trade on Tuesday, before staging a marginal recovery as Russia almost tripled its daily foreign currency sales, a day after posting a yawning budget deficit for January.

At 0717 GMT, the rouble was 0.2% stronger against...

The rouble fell to a near one-month low past 71 to the dollar in early trade on Tuesday, before staging a marginal recovery as Russia almost tripled its daily foreign currency sales, a day after posting a yawning budget deficit for January.

At 0717 GMT, the rouble was 0.2% stronger against...

08.02.2023

Yuan draws strength from ebbing political row

China's yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-U.S. tensions.

Currency traders said market sentiment improved as both Beijing and Washington appeared to show willingness to de-escalate after U.S. President Joe Biden said on Monday that bilateral relations...

China's yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-U.S. tensions.

Currency traders said market sentiment improved as both Beijing and Washington appeared to show willingness to de-escalate after U.S. President Joe Biden said on Monday that bilateral relations...

08.02.2023

Bulls return to China stock markets as business gets back to usual

Chinese blue chips inched higher on Tuesday, as some investors bought the dip after a three-session slide amid hopes for a de-escalation in Sino-U.S. tensions.

China's blue-chip CSI 300 Index closed up 0.2%, and the Shanghai Composite Index added 0.3%.

The Hang Seng Index ended 0.4% higher and the Hang Seng China...

Chinese blue chips inched higher on Tuesday, as some investors bought the dip after a three-session slide amid hopes for a de-escalation in Sino-U.S. tensions.

China's blue-chip CSI 300 Index closed up 0.2%, and the Shanghai Composite Index added 0.3%.

The Hang Seng Index ended 0.4% higher and the Hang Seng China...

08.02.2023

China's forex reserves rise in January

China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at the end of January, up 1.82 percent from a month earlier, data from the State Administration of Foreign Exchange showed Tuesday.

The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and...

China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at the end of January, up 1.82 percent from a month earlier, data from the State Administration of Foreign Exchange showed Tuesday.

The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and...

08.02.2023

Full rollout of IPO reform underway in China

China announced draft rules last week for the rollout of the registration-based initial public offering (IPO) system across the domestic stock market, representing a major leap forward in the reform of one of the world's biggest capital markets.

The registration-based IPO system was first adopted by the tech-focused STAR Market in...

China announced draft rules last week for the rollout of the registration-based initial public offering (IPO) system across the domestic stock market, representing a major leap forward in the reform of one of the world's biggest capital markets.

The registration-based IPO system was first adopted by the tech-focused STAR Market in...