Eight central financial enterprises, including the Industrial and Commercial Bank of China (ICBC), on Sunday unveiled plans to replenish capital, with the funds to strengthen their core Tier 1 capital. The eight enterprises are set to raise or receive a combined 360 billion yuan (about 53.11 billion

* As China-Africa trade continues to expand, the RMB is being used not only for trade settlement, but increasingly for payment and clearing and, more recently, for financing.

China's Ministry of Finance will provide fresh capital to three major Chinese insurers in moves aimed at strengthening their capital positions, solvency and risk resilience, according to statements released Sunday.

China has witnessed a summer boom in tourism and shopping, with more international visitors coming to shop, dine, explore, and experience the country.From July 1 to August 25, more than 131,000 international flights were operated, entailing over 14.98 million passenger trips, up about 3% year on

Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC) on Sunday announced plans to raise up to a combined 260 billion yuan (about 38.4 billion U.S. dollars) through A-share issuances to designated investors to replenish their core Tier-1 capital.

Inside the production workshop of a German precision technology company located in north China's Tianjin Municipality, automated equipment hums at full capacity as precision springs roll rhythmically off the production line.