In a notice on fiscal-financial coordination to boost domestic demand, China’s Ministry of Finance said newly originated credit-card installment products — special-purpose installments, consumer installments and cash-advance installments — will be el

2026-08-21

In a notice on fiscal-financial coordination to boost domestic demand, China’s Ministry of Finance said newly originated credit-card installment products — special-purpose installments, consumer installments and cash-advance installments — will be eligible for the personal consumer loan fiscal interest-subsidy program with a subsidy of 1 percentage point annualized. The notice also said newly issued working-capital loans to eligible small, micro and private enterprises will be covered by the SME loan interest-subsidy scheme; central fiscal authorities will subsidize interest at 1 percentage point annualized on principal for up to two years.

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2026-08-21

On Thursday, August 20th, the Shanghai Gold Exchange's gold T+D contract closed up 1.02% at 976.38 yuan/gram; the Shanghai Gold Exchange's silver T+D contract closed up 2.28% at 16535.0 yuan/kilogram.

2026-08-21

1. The total trading volume of the Shanghai and Shenzhen stock exchanges on August 20th was 2.08 trillion yuan, a decrease from the previous trading day, falling below the 20-day moving average (2.32 trillion yuan). 2. On August 20th, the ratio of m