Chinese financial regulators on Thursday summoned 13 internet platforms engaged in financial business, including heavyweights Tencent and ByteDance, to order them to strengthen their regulatory …
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China Reins In Tech Giants’ Finance Arms After Hobbling Ant
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs …
Roundup: Bangladesh approves China’s Sinopharm COVID-19 vaccine for emergency use
Bangladesh’s drug regulator has authorized the emergency use of China’s Sinopharm COVID-19 vaccine. Major General Mahbubur Rahman, director general of Bangladesh’s Directorate General of Drug …
China Won’t Tolerate Any Challenges to Its Political System by the U.S., Xi Jinping’s Top Aide Says
Yang Jiechi called for “mutual respect” between the U.S. and China, saying diplomatic relations should be handled in a “constructive way.” …
China Tells U.S. to Discard ‘Sour Grapes’ Mentality After Joe Biden Address
Chinese officials were critical of Biden’s words in his address to a joint Congress Wednesday night, saying their hope for an improved relationship with the U.S. has yet to come.
China Mobile gives true picture of 5G uptake, rivals do not
Judging by the first-quarter figures shared by China’s big three telcos over the past few days, there are probably already more than 400 million 5G customers in China.
Teji Mandi Explains: As China shifts its steel export policy, how will it affect the domestic industry?
In a major policy shift, China has withdrawn export rebates on major finished steel products and cut import duty on various semi-finished, crude, and scrap steel. As per the latest announcement, China …
Cambodia receives third batch of China’s Sinopharm COVID-19 vaccine
A plane carrying the third batch of China-donated Sinopharm COVID-19 vaccines arrived in Cambodia’s capital Wednesday night. “The arrival of the vaccine today is another testament to the unbreakable …
Shenzhen’s role in Bay Area development highlighted
In a report delivered by Shenzhen’s Party chief, Wang Weizhong, at the opening of the congress, the city’s role as a key driver of growth in the Guangdong-Hong Kong-Macao Greater Bay Area and of …
Joe Biden can’t stop thinking about China and the future of American democracy
White House aides were prepping President Joe Biden to virtually tour an electric vehicle battery manufacturing plant last week when the President suddenly shifted the conversation to something else …
China conducts central bank bills swap
The People’s Bank of China, the central bank, conducted this year’s fourth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by commercial banks.
How China’s Digital Currency Could Fracture Global Finance
Digital currencies have been pulled into the geopolitical arena, and, just as strategic supply chains are decoupling, central bank digital currencies will fracture the global financial landscape into …
China’s Big Five Banks Boost Profits, but Margins Shrink
Five of China’s largest state-owned banks have reported higher first-quarter net profits, helped by a rebound in the country’s economy from the coronavirus pandemic. But margins – a key indicator of …
