BEIJING, Feb. 20 (Xinhua) — The People’s Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate …
FINANCE
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
China’s leaders look to have blinked in their property face-off
If a bail-out for Vanke is forthcoming, China’s leaders will have blinked. Although the rescue would be organised by local authorities, it would have required the approval of Beijing’s top dogs.
Trump China Comments, Lloyds Motor Finance Costs, More
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China to increase credit support for private enterprises: financial regulator
BEIJING — China will increase credit support for private enterprises, the country’s financial regulator has said.
Nomura: Beijing’s hotly anticipated stimulus must target consumers to sustain reignited animal spirits
Nomura’s Rob Subbaraman says the key to reviving China’s economy lies in unlocking the hoard of dry powder stored up in consumers’ savings.
China leaves benchmark lending rates unchanged as expected in Feb
China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.
China’s DeepSeek-led AI revolution could boost financial sector profit by up to 13%: UBS
The recent breakthroughs in China’s artificial intelligence (AI) technology, as exemplified by DeepSeek, will bolster profits of the AI-intensive financial sector as it substantially reduces labour …
ETFs to Bet Big on China Amid Fund Rotation
DeepSeek’s breakthrough innovation in artificial intelligence (AI) is driving a resurgence in Chinese equities, prompting hedge funds to reallocate funds from India to China at the fastest pace in …
In Saudi Arabia, China’s central bank governor pushes for a new global financial consensus
China’s central bank governor has offered to deepen financial ties with emerging economies and help them gain a greater voice in the IMF.
China’s top financial regulator vows stable credit supply to private firms
China’s top financial regulator vowed it will maintain stable and effective credit supply to private firms and will step up support for their loans, an official statement showed on Wednesday.
China’s holdings of US Treasuries fall to lowest level since 2009
China’s holdings of Treasuries have fallen to their lowest level since 2009, as Beijing holds more of its US government bonds through lower-profile accounts and diversifies into alternative assets.
In balancing risks and rewards, China set to leave lending rates unchanged in Feb
China is expected to leave its benchmark lending rates unchanged on Thursday, a Reuters poll showed, as authorities walk a fine line between prioritising financial stability and providing more …
