The book is a
treasury of useful information.
这本书是有价值的信息宝库。
They voted to pay for the party out of the club
treasury.
他们议决宴会费用由会中公款开支。
How much money is in our company's
treasury?
我们公司的金库里存有多少钱？
Major SOEs pave way for high-quality development, ramp up infrastructure building to lift economy, livelihoodsChina recently decided to issue 1 trillion yuan ($136.6 billion) in the fourth quarter in special treasury bonds to support its monumental efforts to bolster infrastructure considered key to livelihoods and to fortify resilience against natural disasters.
主要国有企业为高质量发展铺平道路，加强基础设施建设，提升经济和生活水平。中国最近决定在第四季度发行1万亿元人民币（1366亿美元）的特别国债，以支持其大力支持被视为生计关键的基础设施建设和增强抵御自然灾害的能力。
Standard Chartered Bank (China) Limited announced on Wednesday that, with the permission by relevant regulatory authorities, the bank has completed its first treasury bond futures transaction through accounts opened at a futures company.
渣打银行（中国）有限公司周三宣布，经相关监管部门许可，该行已通过在一家期货公司开立的账户完成了首次国债期货交易。
It thus became the first foreign bank to participate in the trading of treasury bond futures in China.
成为首家参与中国国债期货交易的外资银行。
The opening-up of China's treasury bond futures market will further improve the benchmark interest rate curve of treasury bonds, enable domestic and foreign investors to better participate in the domestic bond market, as well as promote the continuous opening of China's bond market and the internationalization of the renminbi, said Standard Chartered China.
渣打中国表示，中国国债期货市场的开放将进一步改善国债基准利率曲线，使国内外投资者更好地参与国内债券市场，并促进中国债券市场的持续开放和人民币国际化。
The comments came after the US Department of the Treasury on Friday announced new sanctions that included putting SenseTime on a list of Chinese military-industrial complex companies.
此前，美国财政部周五宣布了新的制裁措施，其中包括将SenseTime列入中国军工复合体公司名单。
Xiaomi sued the US Department of Defense and the Department of Treasury in January.
The NYSE announced later Friday that it would suspend the trading of the ADSs issued by CNOOC starting at 4 am EST (0900 GMT) on March 9, citing US Executive Order 13959 and updated guidance provided by the Office of Foreign Assets Control under the US Department of the Treasury.
The US Treasury on Wednesday said it had given a new 7-day-extension to TikTok's parent ByteDance for selling TikTok's American business, according to a court filing.
"The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension, from November 27, 2020, to December 4, 2020, to allow time to review a revised submission that the Committee recently received," a Treasury spokesperson said, Reuters reported.
Treasury Spokesperson Monica Crowley said in a statement that this extension will give the parties and the Committee on Foreign Investment in the United States (CFIUS) additional time to resolve this case in a manner that complies with the president's order.
"There is absolutely no evidence that TikTok poses a threat to US national security," Gary Hufbauer, a former US Treasury official and nonresident senior fellow at the Peterson Institute for International Economics, told Xinhua earlier.
In 11 years, the company became very successful in strategic risk and treasury outsourcing before he became a senior partner at PwC in strategy and post-merger integration.
"We can confirm that we've submitted a proposal to the Treasury Department which we believe would resolve the administration's security concerns," TikTok said in a statement on Monday.
On the same day, US Treasury Secretary Steven Mnuchin confirmed receiving a bid proposal from Oracle for TikTok's operations over the weekend and said that the Treasury-led Committee on Foreign Investment in the US would review it this week.
The committee, led by the Treasury Department and including top officials such as those from the Justice Department and Homeland Security, investigates acquisitions involving foreign companies that may pose national security risks.
"For those of us who follow CFIUS on a regular basis, we're very surprised to see the executive order related to TikTok," said Justin Huff, former deputy director of the investment security office at the Treasury Department.
Trump also announced last week that the US Treasury should receive a percentage of the proceeds from any sale, which China has denounced as a "mafia" deal.
He also said that any sale of TikTok's American operations would have to include a "substantial portion" of the proceeds going to the US Treasury.
"Trump's demand that TikTok or Microsoft should pay the US Treasury ransom for the forced transaction has no justification," Hufbauer told China Daily.
TikTok was under scrutiny by the Committee on Foreign Investment in the United States－an interagency panel chaired by the Treasury secretary that studies mergers for national security reasons－for its acquisition of another video app, Musical.
According to Bloomberg, GM already has lost more than $1 billion in earnings before interest and taxes; GM's bigger parts suppliers are losing as much as $2 million a day, and the US Treasury has lost $154 million so far in payroll and income taxes.
It covers a group of assets, including stock indexes of developed countries, treasury bonds, and commodities, such as crude oil and gold.
If all goes well, it could come into circulation as early as next year, but FCA chief Andrew Bailey told a Treasury select committee that before then it would have to pass all the necessary tests.
"This partnership (between Investec and the CAD Fund) is yet another example of the global reach of the UK's financial services sector, and the growing opportunities for UK and China to work together," said John Glen, the UK’s economic secretary to the treasury.
"JPMorgan's treasury services business, which processes more than $5 trillion in global payments every day, provides its offerings to Chinese companies, as does the bank's growing custody and fund services business, which holds more than $23 trillion in assets under management for clients around the world.
The panel chaired by US Treasury Department vets deals that could give a foreign investor control of a US business for national security risks.
We have expanded our presence and enhanced our product offering as the market has developed and evolved, meaning we are able to provide our clients in China with a comprehensive set of services and solutions across corporate and investment banking, commercial banking, treasury services, markets, investor services and asset management.
Also, as Chinese companies expand overseas and become global leaders, we have been one of the leading banks providing them with M&A advisory, financing, treasury services, hedging and other financial services.
"But the investment in the fixed-income category will still be the majority, and we will invest heavily in treasury bonds and financial debts," Zhao added.
Henry Rotich, Kenya's Cabinet Secretary for The National Treasury, said the government will continue to work on policy and related measures to encourage private investments like those being done by Jamii Telecom.
Aleris agreed last August to be bought by Zhongwang USA for $1.11 billion in cash while the Treasury Department's Committee on Foreign Investment in the US continued to raise national-security concerns with the merger.
Michael Clarke, Chief Executive Officer of Treasury Wines, told the company's Annual General Meeting (AGM) on Wednesday night that the company would seek to widen the gap between Treasury and its competitors in China.
Treasury manages the international portfolios of famous Australian winemakers Penfolds, Pepperjack and Wolf Blass.
"Treasury Wines posted a 2016-2017 profit of $211 million, a 55 percent increase on the previous year.
Paul Rayner, Chairman of Treasury, also updated shareholders on how fires in the US state of California had impacted the company, saying operations in the state's wine region had escaped damage.
Treasury Wines owns more than 3,700 hectares of planted vineyards in northern California, making wine for brands such as Beringer and Stags' Leap.
"Treasury Wine is fortunate that all of our people are safe, and our infrastructure in the region remains intact with no significant fire damage," Rayner said.
The US central bank announced on Wednesday that it will reduce its holdings of treasury and agency securities starting from next month, which is seen as a turning point in the global liquidity environment and it will have a long-term impact on major economies' interest rates and asset prices.
China Everbright Bank was established in 1992 with operations in corporate, treasury, investment banking, wealth management and mortgage businesses.
According to a joint statement released by GLP and Nesta Investment on Friday, the latter has proposed to acquire all the issued and paid-up ordinary shares of GLP (excluding treasury shares) for S$3.38 ($2.46) per share.
A tranche of special treasury bonds worth 1 trillion yuan ($139 billion), approved in October, will drive project investments in the first quarter, Wang said in an exclusive interview with China Daily.
Last year, the deficit-to-GDP ratio was raised from 3 percent to about 3.8 percent in October, following approval for the issuance of special treasury bonds worth 1 trillion yuan.
"To reduce pressure on local governments in allocating funds for applicable projects, the standards or proportions of the additional treasury bond-raised funds as subsidies in total funds for the projects have been raised in one move, with preferential support for central and western regions along with disaster-stricken areas," said a Ministry of Finance official.
The official said the ministry will issue the additional treasury bond budgets for other areas in batches after reviews of related projects.
The Fed's effective guidance on market expectations began to fail after the 10-year Treasury rate broke through 5 percent at the end of October and turned downward.
US Treasury Secretary Janet Yellen recently rebutted Moody's downgrade of the United States' credit outlook.
The country decided to issue additional treasury bonds of 1 trillion yuan ($140 billion) in late October amid mixed economic data, expanding the fiscal deficit rate to 3.8 percent for 2023, a record high.
Li said the commission will expedite efforts to prepare investment projects funded by the 1 trillion yuan ($138 billion) in special treasury bonds.
Deemed as a move indicating policymakers' emphasis on paving the way for solid growth in 2024, China's top legislature approved additional treasury bond issuances worth 1 trillion yuan ($137.1 billion) in late October, bringing this year's deficit-to-GDP ratio to about 3.8 percent.
Yu, a former member of the Monetary Policy Committee of the People's Bank of China, the country's central bank, added that monetary policy can play a complementary role, such as through measures to offset the rise in interest rates due to the issuance of additional treasury bonds.
Deemed as a move that indicates policymakers' emphasis on paving the way for solid growth in 2024, China's top legislature approved additional treasury bond issuances worth 1 trillion yuan ($137.2 billion) in late October.
The approval for additional treasury bonds is an "important step in the right direction", Yu said, which brings this year's deficit-to-GDP ratio to about 3.8 percent and shatters the so-called taboo of a 3 percent red line for fiscal deficit.
Monetary policy can play a complementary role, such as taking measures to offset the rise in interest rates due to the issuance of additional treasury bonds.
China firmly opposes the United States Department of Treasury's sanctions imposed on certain Chinese entities with so-called Russia-related excuses, a spokesperson for the Ministry of Commerce said on Monday.
China took notice that the US Department of Treasury placed some Chinese entities on its "specially designated nationals list" for alleged involvement with Russia, which China expressed strong dissatisfaction over and resolute objection to, the spokesperson said.
In August, the administration of US President Joe Biden authorized the Treasury Department to review specific US investments in China for "national security" reasons, which is a concrete example of overly securitizing technological issues and using "de-risking" as a pretext to enact a de facto technological "decoupling".
For instance, the country's top legislature recently approved additional treasury bond issuances worth 1 trillion yuan ($137 billion) in the fourth quarter, suggesting the country is adopting a pro-growth stance and will likely take more steps to bolster the world's second-largest economy in the near term.
DBS will continue to actively support Chinese enterprises to go global, especially in response to the Belt and Road Initiative and/or under the Regional Comprehensive Economic Partnership, supporting them in infrastructure construction and project financing in related regions and markets, and helping them set up a regional headquarters or treasury center in Singapore to further expand their business network to Southeast Asia.
Both sides agreed to maintain communication, the statement said, adding that the meeting was co-chaired by vice-ministerial officials from the PBOC and the US Department of the Treasury.
They said policy steps that are likely to be taken for the rest of the year to consolidate the recovery may include cuts in interest rates and banks' reserve requirement ratios, further property market easing and more forceful measures to vitalize the capital market, after the country's top legislature recently adopted additional treasury bond issuances worth 1 trillion yuan ($136.7 billion).
Also highlighting policymakers' intentions to extend support to the economy, the NPC Standing Committee on Tuesday adopted a decision to issue 1 trillion yuan in special treasury bonds in the fourth quarter — proceeds of which will be mostly used to strengthen the country's capacity to deal with natural disasters.
The meeting was in line with the consensus reached during talks between Chinese Vice-Premier He Lifeng, who leads China's economic and trade discussions with the US, and US Treasury Secretary Janet Yellen in Beijing in July.
Crimping capital flowsOn Aug 9, US President Joe Biden signed an executive order establishing an outbound investment review mechanism led by the US Department of the Treasury to restrict or prohibit US capital from investing in China's semiconductor, microelectronics, quantum computing and AI sectors.
Therefore, the order stipulates that all US entities involved in such investment transactions must report them to the Treasury and the transactions will be prohibited immediately once proven to be a threat to national security.
Currently, the order does not require the Treasury to conduct an ex-ante review and approval of relevant transactions, but rather grants it the power to step in and review the transactions and to intervene in them after the fact, based on corporate declarations.
For transactions violating the order, the Treasury has the right to restore them to the original status by forcibly canceling transactions and divesting shares, and to punish relevant entities through heavy fines and other measures.
China firmly opposes the US Department of Treasury's sanctions on certain Chinese firms and individuals imposed on unfounded grounds of having links to Iran's drone and military aircraft development, the Ministry of Commerce said in Beijing on Tuesday.
China has expressed its strong opposition after the US Department of the Treasury imposed sanctions on certain Chinese entities and individuals on September 19, alleging their involvement in Iran-related drone and military aircraft development, said the Ministry of Commerce in an online statement.
A total of $700 billion was consumed in the second and third quarters, but considering the monthly Treasury Department's financial transfer support to households, it is expected that households will still have $600 billion or $700 billion of excess savings by the end of the third quarter.
It is advisable to issue long-term special treasury bonds, and the funds obtained can be directly used to support basic research centers and increase the proportion of basic research in overall R&D expenditure.
Specific policy options, according to Gong, may include bigger steps in interest rate cuts, raising the annual deficit-to-GDP ratio by 1 to 2 percentage points and issuing special treasury bonds to address weak links in the country's infrastructure network.
Her visit comes close on the heels of Secretary of State Antony Blinken, Treasury Secretary Janet Yellen and Presidential Special Envoy for Climate John Kerry.
Biden's executive order will designate China as a "country of concern," and it will limit American investments in three categories of national security technologies: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems, according to the US Treasury Department.
Similar views were expressed by China's Ministry of Finance on Monday in response to media inquiries about an official visit by US Treasury Secretary Janet Yellen to Beijing last week.
Win-win is the essence of Sino-US economic relations, and strengthening cooperation should be the way forward for both sides, China's Ministry of Finance said on Monday after US Treasury Secretary Janet Yellen concluded her four-day official visit to China on Sunday.
United States Treasury Secretary Janet Yellen's just-concluded visit to China showed that the world's two largest economies are beefing up in-depth, candid communication to settle differences, but more efforts are needed to yield a significant breakthrough in easing bilateral economic tensions, according to political advisers and experts.
The US Treasury Secretary's visit to China comes amid growing global uncertainty and is likely to bring a positive atmosphere for addressing bilateral and global challenges, experts and market watchers said on Friday.
In the statement in response to media inquiries about US Treasury Secretary Janet L. Yellen's visit to China, the MOF said the visit is an important measure to implement the consensus reached at their Bali meeting between the leaders of the two countries and to enhance communication and exchange in the financial and economic fields.
The remarks were made in a ministry's statement on its website in response to media inquiries about US Treasury Secretary Janet Yellen's visit to China.
Shu Jueting, a spokesperson for the ministry, made the comment after the US Treasury Secretary Janet Yellen, as reported by CNN, stressed the importance of both trade and investment with China and the imperative to work with China on urgent global challenges during a closed-door meeting with business leaders on June 8.
The comment came after the US Treasury Department recently sanctioned certain Chinese individuals and entities, accusing them to be in connection with Iran's missile and military programs.
For instance, Paul Rosen, a senior US Treasury official, said at a recent hearing that outbound investment review will be narrowed, especially in sectors like advanced semiconductors, artificial intelligence and quantum computing.
"US Treasury Secretary Janet Yellen last year argued that rather than relying heavily on countries with which the US has geopolitical tensions, US firms should move toward friend-shoring of supply chains to a large number of trusted countries, according to the April World Economic Outlook.
Treasury bonds, cash or consumer voucher subsidies can be issued to low and middle-income families so that they can better overcome external shocks and uncertainties.
As the second-biggest foreign holder of US debt, China's holdings in US Treasury securities slid for six consecutive months to $859.4 billion as of the end of January, down from $867.1 billion in December, data from the United States Treasury Department showed on Wednesday.
"This is an ongoing reduction of China's US treasury portfolio and part of China's reserve management," said Hong Hao, chief economist at GROW Investment Group.
Total foreign holdings of US Treasury securities stood at $7.4 trillion as of the end of January, down from $7.66 trillion a year earlier.
Among the top five US debt holders, Belgium and Luxembourg also trimmed holdings in US Treasury securities in January while Japan and the United Kingdom boosted their holdings, according to the US Treasury Department.
China welcomes United States Treasury Secretary Janet Yellen's visit to the country, the Ministry of Commerce said on Thursday.
Vice-Premier Liu He met with United States Treasury Secretary Janet Yellen in Zurich, Switzerland, on Wednesday, for talks that were seen as improving bilateral relations while finding ways for China and the US to work together on tackling global challenges.
Christopher Bovis, a professor of international business law at the University of Hull in the United Kingdom, said, "The significance of the meeting between the Chinese vice-premier and the US treasury secretary is not to be underestimated.
ZURICH, Switzerland - Chinese Vice Premier Liu He, also chief of the Chinese side of the China-US comprehensive economic dialogue, held talks with US Treasury Secretary Janet Yellen here on Wednesday.
Vice-Premier Liu He will meet United States Treasury Secretary Janet Yellen in Zurich, Switzerland on Wednesday, the Ministry of Commerce said in an online statement late on Monday.
The Hang Seng Index will be bullish, led by factors including the US dollar weakening, the US treasury yields felling and companies' earnings growth; but its high weight of the financial sector result in the resilient will be less than the MSCI China index, said Meng.
Nestle, Golden Wing Mau Asia, Treasury Wine Estates, Toyota Motor, Michelin, Johnson Controls, Siemens, Cainiao Albatross, Sanofi, Takeda, and doTERRA were among the latest exhibitors to sign up for the expo, which is scheduled to take place at the National Exhibition and Convention Center (Shanghai) from Nov 5 to 10.
China will issue 750 billion yuan ($108 billion) worth of special treasury bonds next week, the Ministry of Finance said in a statement on Friday.
The ministry said in a statement on its website that the special treasury bonds will be used to raise fiscal funding to support economic and social development.
A third solution is to issue special treasury bonds.
"The majority of funds raised via the issuance of treasury bonds and local government bonds are expected to be used by the end of August.
As of the end of last month, overseas institutions’ holdings in China's treasury bonds and policy financial bonds stood at 2.3 trillion yuan and 900 billion yuan, taking up 63.4 percent and 23.6 percent of their total holdings, respectively, the PBOC said.