State Council

China’s Ministry of Finance is raising 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, marking the fourth tranche of its 84 billion yuan annual programme. The sale follows the launch of a hedging tool in Hong Kong to help global investors manage mainland bond market risks.

China’s Ministry of Finance is raising 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, part of an 84 billion yuan annual program approved by the State Council. The sale follows a new hedging tool launched in Hong Kong to help global investors manage mainland bond market risks.

China will implement stricter exit-entry rules starting September 15 to prevent engineers from leaking industry secrets in sectors under export controls and to discourage tourism to 'high-risk' nations like Japan. The State Council's new regulation, announced July 31, includes 19 articles and establishes a system to alert citizens about potential risks.

China revised regulations on chip design protection to enhance tech self-sufficiency amid US export controls. Premier Li Qiang signed the decree, clarifying penalties and rights for innovation, with new rules effective October 15.

The Chinese government will implement exit bans for citizens who violate export controls or technology transfer rules, as announced by the State Council. The regulations, effective September 15, allow the Ministry of Commerce and other departments to enforce bans if breaches endanger national industrial or technological security.

China's economy grew 4.3% in Q2, the slowest since the pandemic, with weak retail sales (1.0% in June) contrasting sharply with strong export growth (27% in dollar terms). The economy is split between a resilient export sector and a struggling domestic market marked by sluggish consumption, a property sector crisis, and 'involution.' The government aims to boost consumption via a five-year plan targeting 60 trillion yuan in retail sales by 2030.

Chinese state-backed companies and provincial governments have established new semiconductor-focused funds amid calls for patient capital. China Life Insurance, the country's largest life insurer, is forming a 5 billion yuan partnership to invest in semiconductor companies.

Beijing has released a five-year plan to peak carbon dioxide emissions by 2030, emphasizing expansion of nuclear and green energy while ensuring energy security for the economy and artificial intelligence sector.

China has enacted a new overseas-investment law to protect national interests from trade barriers and unauthorized use of advanced technology abroad, but analysts caution it may disrupt foreign partners' operations. The State Council's 34-article Regulation on Overseas Investment authorizes defensive measures against foreign trade-related barriers.

China has released its 15th five-year plan for a new-type energy system, aiming for 30% clean energy in power generation by 2030, with wind and solar as the mainstay. The Group of Seven (G7) has urged diversification of rare earth supply chains to reduce reliance on China, prompting responses about strengthening domestic critical mineral strategies. China also emphasized climate governance and green development in its approved five-year plans.

A May 22 gas explosion at Liushenyu coal mine in Shanxi province killed 82 miners and injured 128. Investigations revealed concealed tunnels, falsified data, and unregistered miners lacking safety equipment as contributing factors, alongside initial underreporting of the death toll and public anger over safety violations.

Hong Kong-registered yachts can now berth more easily in designated mainland Chinese ports in the Greater Bay Area due to waived customs guarantees and simplified administrative procedures. The State Council revised maritime policies to allow Hong Kong and Macau leisure yachts to enter these ports without customs guarantees and under a temporary vessel nationality registration policy.

China's urban renewal projects, including home upgrades and gas pipeline rebuilding, require at least 15 trillion yuan ($2.2 trillion) over five years from 2026. The State Council's guideline, part of the 15th five-year plan (2026-2030), aims to boost construction and property sectors.

China is reforming its hukou system to allow 350 million rural migrant workers to access urban social services, aiming to boost economic growth by turning them into permanent urban consumers. The reform faces challenges, including resistance from urban elites and funding infrastructure costs, but is seen as critical for addressing slowing economic growth and youth unemployment.

China is reforming its hukou system to allow 350 million rural migrant workers to settle in cities, aiming to boost consumption as economic growth slows. The State Council's recent move to ease residency restrictions could transform temporary workers into permanent urban residents, but challenges like urban resistance and funding infrastructure remain.

China aims to improve healthcare, education, and public services for 357 million migrant workers to enhance urban living standards and stimulate consumer spending. Local governments will lift social security restrictions and expand access to public schools for migrant children, as announced by the State Council.

China's new social insurance residency policy, announced by the State Council, aims to boost economic growth by allowing workers to enroll in insurance programs in their cities of employment, regardless of household registration. Analysts view this as a positive step toward creating a unified national market.

China's State Council has announced new measures to remove hukou (residency) restrictions that prevent migrant workers from accessing social insurance in their work locations. The policy aims to expand social insurance coverage nationwide and strengthen labor protections as part of efforts to create a unified national market.

China's State Council released two sets of regulations in late March and early April designed to protect supply-chain security and counter foreign extraterritorial jurisdiction, raising concerns among multinational corporations that routine business decisions could trigger retaliation. The vague provisions in these regulations could expose foreign companies to penalties including import/export restrictions, fines, asset seizures, and visa cancellations for complying with U.S. sanctions or making supply-chain adjustments.