China’s financial sector welcomes a super regulator
China has set up a Financial Stability and Development Committee under the State Council and appointed Ma Kai, one of the four Vice Premiers of China, as the director, according to Xinhua news agency.
Ford, China’s Zotye Auto plan JV to build electric vehicles
Ford has announced a joint venture with Chinese firm Anhui Zotye Automobile Co. to build electric passenger vehicles in China under a new brand, Caixin reported on Wednesday.
Central bank adjusts car loans to boost green industry
Beginning January 1, 2018, the maximum proportion of loans for the purchase of self-use traditional powered vehicles will be set at 80%, Yicai.com reported, citing a notice jointly issued by the People’s Bank of China and the China Banking Regulatory Commission.
Alibaba Cloud and China Unicom launch first public cloud in Zhejiang
Wo Cloud, the first public cloud platform co-founded by Alibaba Cloud, and China Unicom, one of the largest state-owned telecommunications operators, was officially launched in Zhejiang province on Thursday, Caixin reported.