China's software industry revenues up 11.7 pct in first 2 months

China's software and information technology services industry saw a rapid expansion in the first two months of this year, reporting double-digit growth in terms of revenues, official data showed Tuesday.

In the January-February period, the total revenue of the software sector rose 11.7 percent year on year to more than 2.15 trillion yuan (about 311.83 billion U.S. dollars), while the total profits climbed 7.3 percent to 269.3 billion yuan, according to data released by the Ministry of Industry and Information Technology. Software exports increased by 12.7 percent on a yearly basis.

Software products registered steady growth in revenue in the two months, accounting for 21.9 percent of the industry's total revenue. Information technology services maintained double-digit growth and raked in roughly 1.45 trillion yuan in revenue, taking up 67.2 percent of the industry's total revenue.

China's financial authorities have released regulations to optimize fund management requirements for domestic companies listed overseas.

The regulations, effective from April 1, 2026, were jointly released by the People's Bank of China and the State Administration of Foreign Exchange to further improve the convenience of cross-border financing.

The new regulations align the management standards for funds in both domestic and foreign currencies. Proceeds from overseas listings, share reductions or transfers can be repatriated in either foreign currency or Chinese currency renminbi, simplifying their utilization.

Regarding the full circulation of H-shares, the new regulations allow listed companies to pay dividends to domestic shareholders in renminbi in China, streamlining the distribution process.

Regulated by Chinese law, H-shares are shares of enterprises incorporated in the Chinese mainland that are listed on the HKEX.

The new regulations also simplify procedures for listing registrations, share increases and decreases, buybacks, delistings, fund transfers and account usage, improving operational efficiency for businesses and better supporting their overseas expansion and the growth of the real economy.