Tracking the Forces Reshaping the Economy
Macro
Tracking the forces shaping energy, capital and industrial change.
Macro ·
The Inner Mongolia Regulatory Bureau of the Ministry of Finance is systematically advancing its 'Three Services' work by prioritizing political loyalty, central tasks, and strict management, enhancing fiscal oversight support through fortified theoretical learning, security controls, streamlined procedures, and team building.
Macro ·
The Ministry of Finance Anhui Supervision Bureau has completed the settlement audit of central government subsidies for basic medical insurance for urban and rural residents in Anhui Province, using measures including policy study, inter-agency coordination, data screening, and fund verification to ensure standardized use and full allocation of subsidies.
Macro ·
The Xiamen Regulatory Bureau of the Ministry of Finance has tightened oversight of central subsidy funds for urban and rural residents' basic pension insurance, focusing on the accuracy of insured numbers and compliance of subsidy standards, while promoting rectification and result utilization.
Macro ·
The Hunan Bureau of the Ministry of Finance has established a review indicator system covering 56 items across 8 categories, and adopted a model combining online review with on-site spot checks for central budget units, while promoting closed-loop rectification and long-term mechanisms to improve review quality.
Macro ·
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 ·
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 ·
The Tianjin Regulatory Bureau of the Ministry of Finance has strengthened supervision of bank accounts of central budget units by enhancing routine oversight, conducting annual inspections, and urging rectifications, forming a closed-loop management mechanism to prevent financial risks and ensure safe and standard operations of fiscal funds.
Macro ·
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 ·
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 ·
Chinese President Xi Jinping and Seychelles President Hemenie exchanged congratulatory messages on the 50th anniversary of diplomatic relations. Both sides reviewed their long-standing mutual trust and assistance, and agreed to deepen cooperation under the Belt and Road Initiative and FOCAC frameworks to advance the strategic partnership.
Macro ·
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 ·
China's State Council has issued the 15th Five-Year Plan for Education Development, outlining goals, tasks, and measures for building a strong education nation. A Ministry of Education official answered questions on background, drafting, features, structure, and implementation, highlighting 5 parts, 23 key tasks, 6 reform areas, and 15 major projects.