Fan added the central bank’s invite-only test of the digital yuan now has more than 10 million users. Separately, Fan said the PBoC will apply measures it took on Ant Group to other entities in…
Monthly Archives For July 2021
China c.bank says will keep yuan stable to help exporters
China will continue to keep its currency stable and make timely adjustments to its policy tools to help struggling exporters, a central bank deputy governor said on Thursday. BEIJING, July 8 (Reuters) …
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. The Chinese central bank …
LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing’s crackdown
Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms, according to three sources with …
Chinese Firm LinkDoc Said to Halt U.S. IPO After Crackdown
Read more: Didi Hit With U.S. Shareholder Suits After China Crackdown LinkDoc’s IPO delay also comes as regulators in Beijing are planning rule changes that would allow them to block a Chinese company …
Xiaomi raises $1.2 billion in debt as Beijing targets the tech sector
Xiaomi, the world’s third-largest smartphone maker, has continued to expand globally and is looking at breaking into new areas like electric vehicles.
Crackdown on Chinese tech giants is ‘backfiring’ on Beijing, says academic
Fears over regulatory scrutiny on Chinese tech companies have ramped up again after China cracked down on ride-hailing app Didi.
Chinese property portal gets pricey paint job
China’s answer to Zillow (ZG.O) is getting an expensive paint job. Less than two months after the unexpected death of its founder and controlling shareholder, online property portal Ke (BEKE.N) has …
China has ‘ample room’ to absorb global minimum tax, but still ‘prickly’ on issues of economic sovereignty
While important details need to be hammered out, China appears to have put aside any major reservations to support a minimum global tax rate of at least 15 per cent.
China Govt Bond Yields Slump After Cabinet Floats RRR Cuts
China’s yuan currency reacted bearishly … podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement …
China Central Bank Vows to Push Real Lending Rates Lower
SHANGHAI (Reuters) – China will continue to push real lending … tips and expert insight on all things money: personal finance, careers, investing, real estate and more. The Most Important …
Exclusive-LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing’s crackdown
Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States following Beijing’s clampdown on overseas listings by domestic firms, according to three sources …
Only purpose for US’ manipulation of COVID-19 origins is to shift its response failure to China: Chinese FM
PM The only purpose for the political manipulation of COVID-19 origins by some people in the US is to shift the blame of their failure in COVID-19 response to China, but this will only end…
