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Tracking the forces shaping energy, capital and industrial change.

Macro ·

Shandong Regulatory Bureau of Ministry of Finance Establishes Four-Tier Verification Mechanism to Enhance Closed-Loop Management of Bank Accounts for Central Government Units in Shandong

In its 2025 annual bank account inspection, the Shandong Regulatory Bureau introduced People's Bank of China account statements as a verification basis and built a multi-tier progressive comparison mechanism. Through classified rectification of problematic accounts, clean-up of redundant filings, and structured data archiving, it formed a closed-loop disposal system aimed at strengthening the defense line for fiscal fund security.

Macro ·

Politburo Deploys Flood and Drought Control, Calls for Preventing Mass Casualties

The Political Bureau of the CPC Central Committee held a meeting on June 30 to study flood and drought control, presided over by Xi Jinping. It stressed that this year's main flood season will see more extreme weather with concurrent floods and droughts, demanding that people's lives be put first, mass casualties be prevented, and emergency rescue capabilities be enhanced.

Macro ·

China MOF to Reopen 109 Billion Yuan 7-Year Bond at 1.56% on July 1

China's Ministry of Finance plans to reopen the 2026 book-entry coupon-bearing bond (12th tranche) on July 1, 2026, with a competitive bidding amount of 109 billion yuan and a coupon rate of 1.56%. The 7-year fixed-rate bond will be consolidated and traded with the original issuance from July 6.

Macro ·

Ministry of Finance Announces Government Bond Issuance Plan for Q3 2026

The General Office of the Ministry of Finance has announced the government bond issuance plan for the third quarter of 2026, covering benchmark bonds, short-term bonds, savings bonds, and ultra-long-term special bonds. Any changes during implementation will follow the issuance documents at that time.

Macro ·

State Council Issues '15th Five-Year Plan' for Education Development

China's State Council has issued the '15th Five-Year Plan' for Education Development, outlining key tasks in moral education, support for science and technology, educational equity, teacher workforce, and international openness, aiming to basically establish a high-quality education system by 2030.

Macro ·

Three Departments Jointly Issue Action Plan to Improve Rural Reading Rooms

The Publicity Department of the CPC Central Committee, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs have jointly released an action plan to advance the reform and upgrading of rural reading rooms, deploying 14 measures across layout, content supply, reading culture, and support mechanisms.

Macro ·

Concert "People First" Held in Beijing to Mark 105th Anniversary of CPC, Xi Jinping Attends

The concert "People First" celebrating the 105th anniversary of the founding of the Communist Party of China was held at the Great Hall of the People in Beijing on the evening of June 29. Party and state leaders including Xi Jinping attended, along with an audience of about 3,000. The program featured five movements and concluded with the chorus "Without the Communist Party, There Would Be No New China."

Macro ·

China Issues '15th Five-Year Plan for Education Development', Outlining 23 Key Tasks

The '15th Five-Year Plan for Education Development' has been issued, featuring 23 key tasks, six comprehensive reforms, and 15 major projects, aiming to basically establish a high-quality education system by 2030. It addresses issues like high school entrance exam reform, preschool services, and university classification.