China registered a fiscal surplus of 265 billion yuan through April, but the outlook for the rest of the year is grim, with an estimated annual budget deficit of 950 billion yuan this year.
China's Nasdaq-style Growth Enterprise Board is one step closer to reality with the release of draft regulations covering listing rules for the new market earlier this month.
Chinese ministries have proposed the establishment of a government-backed credit guarantee firm to solve financing difficulties for smaller Chinese firms.
Five coastal Chinese cities will participate in a pilot to settle cross-border trade payments in the RMB, part of a greater effort to internationalize the currency.
China's securities watchdog announced new regulations governing China's long-awaited growth enterprise board, which will take effect on May 1 this year.
A report circulating among Chinese policymakers warns that China's reserved have little flexibility and, under certain circumstances, could even become illiquid.
A vice-president of China's sovereign wealth fund stresses the apolitical nature of its investment model and fleshes out news surrounding a second fund soon to be established.
China's central bank and an association of institutional investors will in 2009 aggressively push new bond and financing options to open fundraising channels for Chinese businesses.
China's national social security fund, which has in the past been used by the government to help stabilize Chinese stock markets, suffered single-digit losses in 2008 thanks to a strict risk management system.
Wen Jiabao told a Friday press conference that China had many other "bullets" left to deal with the economy, including further injections of stimulus funds.
Wu Xiaoling, vice-president of the National People's Congress Financial and Economic Affairs Committee, tells the EO how China's enormous financial reserves evolved and why they could never be used freely to drum up domestic consumption.