GMT EIGHT - Economy&politics - China

The National Cyberspace Administration is drafting regulations on AI humanization interactive service management and is seeking public opinions.

On December 27th, the Cyberspace Administration of China released the "Provisional Measures for the Management of Artificial Intelligence Human Interaction Services (Draft for Soliciting Opinions)", and solicited public opinions from the society.

National Bureau of Statistics: The profits of China's industrial enterprises above designated size increased by 0.1% from January to November 2025.

According to data from the National Bureau of Statistics, from January to November, the total profits of China's industrial enterprises above a designated size reached 6,626.86 billion yuan, a year-on-year increase of 0.1%.

The People's Bank of China and the State Administration of Foreign Exchange issued a notice on the management of funds for domestic enterprises listing overseas.

Notice on the Management of Funds for Domestic Enterprises Listed Overseas by the People's Bank of China and the State Administration of Foreign Exchange.

Two departments: Promote the integrated treasury services for multinational companies in both local and foreign currencies nationwide.

On December 26th, the People's Bank of China and the State Administration of Foreign Exchange jointly issued a notice regarding the matters related to the integrated fund pool business of multinational companies in both domestic and foreign currencies, promoting the integrated fund pool business of multinational companies in both domestic and foreign currencies nationwide.

Director Zheng Zhaejie presided over the symposium for private enterprises to listen to opinions and suggestions on next year's economic work.

On December 26th, Zheng Zhajie, Director of the National Development and Reform Commission, chaired a symposium with private enterprises to discuss implementing the decisions made at the Central Economic Work Conference and to hear suggestions from private enterprises on how to carry out economic work next year.

Officials in charge of relevant departments of the China Banking and Insurance Regulatory Commission answer questions from journalists about the Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industry.

Recently, the China Banking and Insurance Regulatory Commission issued the "Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industry", and the relevant leaders of the commission answered questions from reporters.

Two departments: Coordinate the promotion of the construction of the long-term electricity market and the electricity spot market.

Coordinate the advancement of the construction of the long-term electricity market and the electricity spot market, ensuring seamless connections in transaction timing, transaction clearing, market settlement, etc., and leveraging the fundamental role of the long-term electricity market in balancing long-term supply and demand of electricity and ensuring stable operation of the electricity market.

Cyberspace Administration of China: Regulate the management of online celebrity accounts.

The Cyberspace Administration of China has issued a notice on regulating the behavior management of internet celebrities' accounts.

The central bank issued "Regulations on the Management of the Interbank Foreign Exchange Market" to promote foreign exchange market services to the real economy.

On December 26, the central bank issued a notice stating that the "Regulations on the Administration of the Interbank Foreign Exchange Market" have been approved at the 17th meeting of the China People's Bank on December 4, 2025, and are now published to be implemented from February 1, 2026.

The People's Bank of China issued the "Rules for Renminbi Cross-Border Payment System Business" to regulate the business behavior of the Renminbi Cross-Border Payment System (CIPS).

In order to meet the needs of the development of cross-border RMB business, strengthen the management of RMB cross-border payment system (CIPS) business, the People's Bank of China has revised the "RMB Cross-Border Payment System Business Rules".

State Administration of Foreign Exchange: China's international balance of trade in goods and services in November reached a total of 441.83 billion yuan.

In November 2025, China's international balance of trade in goods and services reached a total of 44.183 trillion yuan. This includes goods trade exports of 22.484 trillion yuan, imports of 15.937 trillion yuan, with a surplus of 6.547 trillion yuan. Service trade exports were 2.465 trillion yuan, imports were 3.298 trillion yuan, resulting in a deficit of 0.833 trillion yuan.

The Shanghai Stock Exchange has detailed regulations on the application of the fifth set of listing standards on the Science and Technology Innovation Board for commercial rocket companies.

On December 26, the Shanghai Stock Exchange formulated the "Guidelines for the Application of the Shanghai Stock Exchange's Issuance and Listing Review Rules No. 9 - Application of the Fifth Set of Listing Standards for Commercial Rocket Companies on the Sci-Tech Innovation Board", which is hereby announced and will be implemented from the date of announcement.

Shenzhen Stock Exchange to introduce fee reduction measures for 2026, with the overall fee reduction expected to exceed 800 million yuan.

On December 26th, the Shenzhen Stock Exchange issued a notice on the reduction and exemption of related expenses for the year 2026, launching multiple fee reduction measures for 2026, with an expected total reduction amount of over 800 million yuan.

State Administration of Foreign Exchange: The total turnover of China's foreign exchange market in November 2025 reached 24.34 trillion yuan.

In November 2025, the total turnover of China's foreign exchange market amounted to 24.34 trillion yuan (equivalent to 3.44 trillion US dollars).

National Energy Administration: 2.58 billion green certificates will be issued in November 2025, involving 509,700 renewable energy generation projects.

In November 2025, the National Energy Administration issued 258 million green certificates, involving 509,700 renewable energy generation projects, of which 150 million certificates were tradeable, accounting for 58.25%.

Central Bank: By the end of the third quarter of 2025, the total assets of financial institutions in our country reached 53.176 trillion yuan, an increase of 8.7% year-on-year.

According to preliminary statistics from the central bank, at the end of the third quarter of 2025, the total assets of financial institutions in China were 531.76 trillion yuan, an increase of 8.7% compared to the same period last year.

Industrial Siasun Robot & Automation Quality Strong Chain Achievement Exchange and Promotion Meeting: Continuously Promote Technological Iteration and Upgrade, Helping Industrial Siasun Robot & Automation Industry Chain Improve Quality and Efficiency.

On December 25th, the Quality Improvement "Quality Strong Chain" Achievement Exchange Promotion Conference for industrial robots, complete machine, and core components was held in Beijing.

China Light Industry Federation: From January to November, the total number of home appliances traded in for new ones nationwide exceeded 128 million units. High-end and intelligent furniture products have become a new growth point for consumer upgrades.

Liu Jiangyi stated that standards such as the intelligent furniture grade assessment are driving the industry's upgrade to smart technology. Leading enterprises are accelerating the release of high-end smart furniture products, and the market size has exceeded 10 billion yuan, becoming a new growth point for furniture consumption upgrade.

The Market Supervision Administration launches the compliance guidance for regulating the price competition order in the photovoltaic industry.

On December 26, the State Administration for Market Regulation conducted guidance on price competition order compliance in the solar industry in Hefei, Anhui.

The People's Bank of China and two other departments: Encouraging financial institutions to innovate financial products and services and explore the "agricultural insurance + financing" model.

On December 26th, the General Office of the People's Bank of China, the General Office of the Ministry of Agriculture and Rural Affairs, and the General Office of the China Banking and Insurance Regulatory Commission jointly issued a notice on promoting agricultural facility and livestock financing through live animal collateral.

The Market Supervision Administration deploys to carry out the work of stabilizing prices and ensuring quality of important daily necessities during the New Year's Day and Spring Festival period.

Recently, the State Administration for Market Regulation issued a notice, deploying measures to stabilize prices and ensure quality of important consumer goods during the "two festivals" period.

The world's first mandatory standard for electric vehicle energy consumption limits will be implemented starting next year.

Electric vehicle energy consumption limit Part 1: Passenger cars (GB 36980.1-2025) national standard will be implemented from January 1, 2026. This standard is the world's first mandatory standard for electric vehicle energy consumption limits.

The National Energy Administration: As of the end of November, the cumulative installed electricity generation capacity in the country reached 3.79 billion kilowatts, a year-on-year increase of 17.1%.

On December 26, the National Energy Administration released the national electricity industry statistics for the months of January to November.

National Bureau of Statistics: The total GDP at current price in 2024 is 1348.066 billion yuan.

The National Bureau of Statistics releases an announcement on the final verification of the Gross Domestic Product for the year 2024.

People's Bank of China: Accelerate financial support for the construction of the new Western Land-Sea Corridor to promote the implementation of various measures.

Next, the People's Bank of China will work with relevant departments to promote the implementation of various measures outlined in the "Opinions", solidly improve financial services for the Land-Sea New Channel, comprehensively enhance the level of financial services for the Land-Sea New Channel, and help establish a new pattern of opening up with coordinated development both domestically and internationally.

Sound data systems unleash multiplier effects - Interview with Liu Liehong, Party Secretary and Director of the National Bureau of Statistics.

How to understand the strategic task of promoting the construction of a digital China and the empowering role of intelligence in various fields of economic and social development? In the "14th Five-Year Plan" period, from which aspects will the National Bureau of Statistics focus on? Xinhua News Agency reporter interviewed Liu Liehong, Secretary of the Party Group and Director of the National Bureau of Statistics.

China Banking and Insurance Regulatory Commission (CBIRC) issues the "Management Measures for the Disclosure of Asset Management Products of Banking and Insurance Institutions".

For asset management products that disclose performance comparison benchmarks, they should explain the reasons for choosing the performance comparison benchmark, the measurement basis or calculation method, emphasizing the relationship between the performance comparison benchmark and investment strategy, underlying assets, and the performance of related financial markets. They should also prominently remind investors that "the performance comparison benchmark is not an expected return rate, does not represent the future performance and actual returns of the product, and does not constitute a commitment to the returns of the product".

Ministry of Commerce: Sufficient supply of daily necessities nationwide, overall stable prices.

On December 25th, the Ministry of Commerce held a routine press conference.

State Tobacco Monopoly Administration: Promote the balance of supply and demand in the electronic cigarette market, effectively prevent and resolve the risks of disorderly competition in the market.

The "solicitation draft" proposed to promote the balance of supply and demand in the electronic cigarette market. Coordinating effective markets and proactive government, within the approved production capacity range, determine the annual production scale as the annual production and sales target of the enterprise. Based on factors such as market order situation, reasonably meet the demand for adjusting the production scale of electronic cigarette related production enterprises, effectively prevent and resolve the risk of market disorderly competition.

Ministry of Commerce: Strongly opposes the US imposition of 301 tariffs on Chinese semiconductor products and has lodged solemn representations.

Ministry of Commerce spokesperson Hua Yong answered questions regarding the US announcement of imposing 301 tariffs on certain Chinese semiconductor products on the 25th, saying that China has taken note of the situation and has lodged a solemn representation with the US through the China-US economic and trade consultation mechanism.

Ministry of Commerce responds to TikTok's establishment of a joint venture in the United States: Hope companies can reach a solution that complies with Chinese laws and regulations and balances interests.

The Ministry of Commerce responds that TikTok will establish a joint venture in the United States: hoping that companies can reach a solution that complies with Chinese laws and regulations and balances interests.

Regulations on the Management of Export Sales Certificates of Medical Devices Released

On December 25th, the National Medical Products Administration issued the "Regulations on the Management of Export Sales Certificates for Medical Devices" (hereinafter referred to as the "Regulations"). The "Regulations" will be implemented from May 1, 2026.

National Energy Administration: In November, the total electricity traded in the national electricity market reached 548.4 billion kilowatt-hours, a year-on-year increase of 7%.

On December 25th, according to the National Energy Administration, in November 2025, the national electricity market completed a transaction volume of 548.4 billion kilowatt-hours, an increase of 7.0% year-on-year.

Ministry of Commerce: China's total outward foreign direct investment in all industries from January to November was 1.1345 trillion yuan, a year-on-year increase of 7.5%.

The Ministry of Commerce released a brief statistical report on China's total outward direct investment across all industries from January to November 2025.

Upper Alliance: As of the end of November, there were a total of 5,462 listed companies in the domestic stock market with a total market value of 105.42 trillion.

Recently, the Chinese Listed Companies Association released the statistical monthly report for November 2025.

National Energy Administration: The total electricity consumption of the whole society in November reached 835.6 billion kilowatt hours, an increase of 6.2% compared to the same period last year.

On December 24th, the National Energy Administration released data on the total electricity consumption in November.

National Bureau of Statistics: Prices of 15 important production materials in the circulation sector have risen in mid-December.

On December 24th, the National Bureau of Statistics released the price changes in the important production materials market in the circulation sector in mid-December 2025.

The Ministry of Commerce responds to questions about the United States adding "untrusted supplier list" in the field of drones.

The spokesperson of the Ministry of Commerce responded to questions from reporters about the US adding "untrustworthy supplier list" in the field of drones.

Three departments: Improve the kindergarten fee policy, standardize charging items, and clarify the principles of setting charging standards.

For-profit private kindergartens are subject to market-regulated pricing. Kindergartens should reasonably determine the fees based on the cost of operation, market supply and demand, and report them to educational administrative departments at or above the county level. Local education, development and reform, and finance departments should strengthen supervision. When necessary, they can conduct cost investigations to guide reasonable fees and curb excessive charges.

The Tin Industry Association issues a call to action: The irrational rise in tin prices has caused a disruption to the industry supply chain, urging all parties in the market to maintain a rational and cautious attitude.

The Tin Industry Association issues a proposal: the irrational rise in tin prices has already had an impact on the industry supply chain. It calls on all parties in the market to maintain a rational and cautious attitude, and avoid blindly following the trend.

National Energy Administration: By the end of November 2025, the total number of electric vehicle charging infrastructure (guns) in China reached 19.322 million, a year-on-year increase of 52%.

On December 23rd, the National Energy Administration released data on nationwide electric vehicle charging facilities for November.

Two departments: The total installed capacity of solar thermal power generation is expected to reach around 15 million kilowatts by 2030, and the cost of electricity is expected to be roughly equivalent to that of coal-fired power generation.

The National Development and Reform Commission and the National Energy Administration have issued the "Several Opinions on Promoting the Large-scale Development of Solar Thermal Power Generation".

Ministry of Industry and Information Technology: The cumulative revenue of the telecommunications industry in the first 11 months reached 1.6096 trillion yuan, a year-on-year increase of 0.9%.

In the first 11 months, China's overall telecommunications industry operated steadily. The volume of telecommunications services steadily increased.

National Development and Reform Commission: Starting from 24:00 on December 22, the prices of domestic gasoline and diesel will be reduced by 170 yuan and 165 yuan per ton respectively.

Starting from 24:00 on December 22nd, the prices of domestic gasoline and diesel (standard grade) will decrease by 170 yuan and 165 yuan per ton respectively.

The second draft of the revised Foreign Trade Law further supports the development of digital trade and green trade.

The draft amendment to the Foreign Trade Law was submitted for a second review at the meeting of the Standing Committee of the National People's Congress on December 22nd. The second draft of the amendment includes multiple provisions supporting and encouraging the development of digital trade and accelerating the establishment of a green trade system.

Ministry of Commerce: Temporary anti-subsidy measures will be implemented on imported dairy products from the European Union starting from December 23rd.

Announcement from the Ministry of Commerce: Starting from December 23, 2025, temporary countervailing duties in the form of security deposits will be imposed on imported dairy products related to the European Union to implement temporary countervailing measures.

Ministry of Commerce International Trade Negotiator and Deputy Minister Li Chenggang meets with Apple's Chief Operating Officer Sabih Khan from the United States.

On December 19th, Li Chenggang, the deputy minister and international trade negotiation representative of the Ministry of Commerce, met with Sabeen Khan, the Chief Operating Officer of Apple Inc. They exchanged views on the business development of Apple Inc in China.

Deputy Governor of the Central Bank, Zou Lan: The one-time credit repair policy provides individuals who have previously defaulted with an opportunity for fault tolerance and correction.

On December 22, the People's Bank of China held a press conference on the "One-time Credit Repair Policy".

Intend to be written into the law! Online games should use the national common language and characters as the basic language and words.

The second draft of the draft clearly states that online games and other online publications should use the national common language as the basic language and characters.

The draft of the Asset-Liability Management Measures for Insurance Companies was released for public consultation.

On December 19, the China Banking and Insurance Regulatory Commission formulated the "Regulations on Asset and Liability Management of Insurance Companies (Draft for Solicitation of Comments)", and is now officially soliciting opinions from the public.

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