Sci-tech Finance Policies Show Remarkable Results

By the end of May, the contracted amount for re-lending policies for sci-tech innovation and technological transformation loans reached 1.74 trillion RMB, with sci-tech loans growing 12 percent year on year — outpacing overall loan growth, according to a press conference held by the State Council Information Office on July 14.

High-level Opening-up Surge at Shanghai FTZ

?An increase of 77 pilot measures for the China (Shanghai) Pilot Free Trade Zone (FTZ), are on the cards after the State Council issued a notice to expand in July 2025. The initiative aims to advance high-standard institutional opening-up and alignment with international economic and trade rules. Of these, 34 measures will be extended to other FTZs, and 43 to the national level.

China Leads World in Autonomous Car Testing

A new international standard led by China on test scenarios for autonomous driving systems has been officially released, according to the Ministry of Industry and Information Technology (MIIT) of China.

New Rules for State S&T Awards Released

The two winners of the State Preeminent Science and Technology Award will now each be taking home 8 million RMB in prize money, following a recent announcement of revised Regulations on State Science and Technology Awards by the Ministry of Science and Technology (MOST).

Finance Promotes Consumption Diversity

Recently, a set of new measures to further strengthen financial support for consumption have been released by six key Chinese government bodies, including the People's Bank of China and the National Development and Reform Commission.

New Financial Opening-up Steps Unveiled

A set of new initiatives aimed at boosting China's financial opening-up and facilitating cross-border investment and financing were released during the 2025 Lujiazui Forum recently held in Shanghai.

Market-based Resource Allocation Gets Green Push

China has recently released a guideline aimed to enhance the market-based allocation system for resources and environmental factors, as part of the country's broader efforts to accelerate the overall green transformation of economic and social development.

Plan to Promote Computing Power Connectivity

China's Ministry of Industry and Information Technology (MIIT) has unveiled an action plan for computing power interconnection, aiming to establish a unified, efficient and intelligent computing infrastructure nationwide. The plan seeks to standardize the integration of public computing resources across different entities and architectures, improving both the efficiency of resource use and the quality of service.

Shanghai’s New Plan to Boost Tech Services

Shanghai recently announced a comprehensive new policy to accelerate high-quality development of its science and technology service sector.

Guideline to Improve Modern Corporate System

China's enterprise competitiveness and management recenty got a major shot in the arm, after the release of a guideline on how to improve modern corporate system governance through institutional reform.

Action Plan to Build Digital China by 2025

China has released an action plan for the development of a Digital China by 2025, covering eight major areas.

New Law Stimulates Private Sector

The private sector promotion law, which took effect on May 20, represents a landmark move by China to support private enterprise. The law aims to address existing challenges and provide a stable legal foundation for long-term innovation and growth.

Guideline to Meet 2035 Agricultural Innovation Goal

Smart Farming Shapes Future of Agriculture in Xinjiang

Fabric of Lives, a new documentary film on cotton farmers in Xinjiang Uygur autonomous region in northwest China released on May 7, is a powerful testament to the resilience of Xinjiang's farmers and the role of technology in shaping their future.

New Guideline to Boost Pilot FTZs

Tax Refund Policy for Tourists Optimized

Cross-border Financing Reform Accelerated

?On April 17, the People's Bank of China, along with five other regulatory bodies, released a new guideline to facilitate and regulate international transfer of financial data. The document clarifies the specific data categories eligible for outbound transfer, including streamlined procedures for scenarios such as cross-border payments, remittances, account openings, and shopping.

Bridging Tech and Industrial Innovation

It's time for technological and industrial innovation to increase their level of integration, according to an official from the Ministry of Industry and Information Technology (MIIT), who made the remark at the China Development Forum 2025 recently held in Beijing.

Guideline to Modernize TCM Industry

China has launched a new guideline aimed at enhancing the quality and innovative development of the traditional Chinese medicine (TCM) industry. The guideline, recently issued by the State Council, emphasizes quality improvement and technological innovation as key drivers for building a modernized industrial system and better serving public health.

Green Electricity Certificate Market Boosted

A guideline to set up an efficient system promoting green energy consumption has been issued in China, with the goal of developing the renewable energy sector and the green electricity certificate (GEC) market.