Enlisted to support the economy over the past years, lenders such as Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. are now battling record low margins, sinking profits and rising bad…
Monthly Archives For September 2024
China Weighs Injecting $142 Billion of Capital Into Top Banks
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar …
Visa unveils platform for banks to explore tokenized assets on Ethereum blockchain
Visa has launched its Tokenized Asset Platform (VTAP), aiming to revolutionise banking by allowing financial institutions to explore tokenized assets and blockchain technology.
China Weighs Injecting $142 Billion of Capital Into Top Banks
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar …
China weighs injecting $142 bln of capital into top banks, Bloomberg News reports
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, Bloomberg News reported on …
China weighs injecting $142 bln of capital into top banks, Bloomberg News reports
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, Bloomberg News reported on …
China’s march to strong yuan is long and perilous
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, Beijing is trying to get the renminbi more widely accepted in global …
As Exxon Pumps Guyana’s Oil, China Is Winning Battle for Influence
Chinese companies are investing heavily in the sparsely populated South American country, home to the largest oil find in a generation.
China launches anti-discriminatory probe against Canada’s tariffs
China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese electric vehicles, steel and aluminum products, its …
Panda pair arrive to VIP welcome in Hong Kong, as Beijing marks 75 years of communist China
Hong Kong will roll out the red carpet Thursday to receive two giant pandas gifted by the Chinese government to mark 75 years of Communist Party rule, part of a citywide push by authorities to…
FBI investigating US venture capital fund for giving trade secrets to Beijing: report
The FBI is investigating whether an American venture capital fund passed trade secrets to Beijing after investing $115 million worth of Chinese money to become one of the most prolific early investors …
China offers one-time cash allowance for those in extreme poverty
China announced it will offer a one-time cash allowance to those in extreme poverty, after it rolled out a slate of stimulus aimed at shoring up the economy.
China’s Bold Move: 1 Trillion Yuan Injection to Revitalize State Banks
China is planning to inject up to 1 trillion yuan into its major state banks to bolster the struggling economy. This initiative is part of a wider set of stimulus measures and will be funded…
