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25/07/2025
The Thai baht to US dollar exchange rate has risen to its highest level since February 2022.
Latest
2 m ago
China Photovoltaic Industry Association: The forecast for new installed photovoltaic capacity in China by 2025 has been revised to 270-300 GW.
3 m ago
Zou Lan, deputy governor of the People's Bank of China: Continuously strengthen the systemic concept, promote the development of the national treasury in resonance with fiscal and tax, financial reforms, effectively play the role of national treasury cash management, government bond issuance and redemption in promoting debt management and liquidity management, and help fiscal policy and monetary policy exert their power in synergy. Further enhance the awareness and capability of serving macro decision-making, gradually improve a comprehensive and multi-angle national treasury analysis and research system, constantly enhance the "added value" of national treasury analysis and research work, and further enhance the quality and efficiency of national treasury services through data-driven approaches.
3 m ago
Deputy Governor of the People's Bank of China, Zou Lan: Further expand the types and scope of electronic national treasury business, meet the diverse and multi-channel tax payment and refund needs of the people, strive to make data "travel more" and make service targets "run less". Continue to promote the distribution of government bonds to rural areas, promote equal access to bond purchase services in urban and rural areas. Focus on improving the efficiency of grassroots national treasury performance, explore new mechanisms, models, and processes for local treasury performance, especially county-level treasury performance, and focus on the use of "cross-department +", "Internet +", "digital +", and other methods to continuously extend the reach of national treasury services.
3 m ago
Zou Lan, Deputy Governor of the People's Bank of China: As an important part of building a rule of law central bank, the construction of a rule of law national treasury is urgent and must be based on the new situation, rely on a high-level rule of law to safeguard the high-quality development of the national treasury, and support the modernization of the national governance system and governance capacity. We must adhere to the foundation of the "two laws and two regulations," further clarify the responsibilities and boundaries of national treasury supervision, continuously improve the legal system of the national treasury that is compatible with modern central banking institutions and modern budget management systems. We need to strengthen research and supply of national treasury institutions, focus on the impact of new businesses and formats on the performance of the national treasury, enhance the foresight and effectiveness of system supply. Improve the management system of commercial banks acting as agents for the national treasury, further regulate the behavior of agent treasury business in accordance with the law and regulations, and carry out administrative permits, law enforcement inspections, administrative penalties, etc. in accordance with the law, continuously improve administrative ability in accordance with the law.
3 m ago
Zou Lan, Deputy Governor of the People's Bank of China: We will adhere to high-point planning, high-standard construction, and high-level operation and maintenance, and continuously promote the construction of a new generation of national treasury projects that are safe, efficient, technologically advanced, and functionally complete. We actively explore and vigorously promote the application of financial technology in the field of national treasury, further strengthen the integration of industry and technology, and provide stronger technological support for the People's Bank of China to perform its managerial responsibilities in the new era safely and efficiently.
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