China has entered a decisive new phase in its green energy transition, securing major international deals and expanding cooperation with over 100 countries, a senior energy official announced Tuesday.
At a press conference in Beijing, Wang Hongzhi, head of the National Energy Administration, said that Chinese and foreign companies signed 25 energy agreements worth about 40 billion yuan (about 5.6 billion U.S. dollars) this year at the Shanghai Cooperation Organization (SCO) Energy Ministers Meeting.
He emphasized that the deals highlight the vast potential and growing momentum for international cooperation in green energy.
"China has carried out green energy cooperation with more than 100 countries and regions, providing practical solutions for developing countries in energy transition and establishing a new model of pragmatic cooperation on energy under the Belt and Road Initiative (BRI)," said Wang.
He added that over the past decade, China has helped reduce the global average cost of wind and photovoltaic power generation by more than 60 percent and 80 percent respectively, making significant contributions to the global green transition.
The Shanghai Cooperation Organization (SCO) Energy Ministers Meeting and supporting activities were held on June 26 and 27 in east China's Ningbo, Zhejiang Province.
China enters new phase of green energy transition, seals 40 billion yuan in global deals: official
China's securities regulator has pledged to prioritize market stability and resolutely prevent sharp fluctuations as a core objective for 2026, aiming to consolidate sound development of the capital market.
The China Securities Regulatory Commission (CSRC) made the commitment at its annual work conference on Thursday, where the regulator reviewed the past year's performance and outlined key tasks for 2026.
In 2025, listed companies distributed a combined total of 2.68 trillion yuan (about 380 billion U.S. dollars) in cash dividends and share buybacks throughout the year, further consolidating the momentum for high-quality development.
Initial public offerings (IPOs) and follow-on offerings reached a combined 1.26 trillion yuan, while the exchange bond market issued various bonds totaling 16.3 trillion yuan.
Eighteen futures and options products were smoothly listed, demonstrating the robust functioning of the multi-tiered capital market.
The meeting emphasized that while the capital market currently shows stable and sound performance, it still faces complex and severe challenges posed by intertwined domestic and external risks as well as the overlapping of persisting and emerging issues.
Efforts will be made to effectively enhance the intrinsic stability of the market, the CSRC said, adding that it will rigorously investigate and punish excessive speculation, market manipulation, and other illegal activities to prevent sharp market fluctuations.
It will work to foster a market ecosystem where "long-term capital engages in long-term investment," the regulator said, pledging efforts to broaden the channels for medium and long-term capital inflows, introduce various products and risk management tools suited to long-term investment, and actively guide long-term, rational and value-based investment.
It also vowed to enhance the inclusiveness and adaptability of the multi-tiered equity market, crack down on illegal activities such as financial fraud, price manipulation and insider trading, and enhance corporate governance among listed firms.
The CSRC will advance the two-way opening up of the capital market in 2026.
Efforts will be made to expedite the implementation of the optimized Qualified Foreign Institutional Investor scheme, expand the scope of futures products accessible to foreign investors, and enhance the facilitation of cross-border investment and financing, the regulator said.
China's securities regulator stresses market stability in 2026 work plan
China's securities regulator stresses market stability in 2026 work plan
