By Kevin Yao and Shi Bu BEIJING, Aug 14 (Reuters) – China’s new yuan loans posted a record contraction in July, missing forecasts as seasonal factors and weak household credit demand weighed on …
FINANCE
China’s tax enforcement disrupts financial hubs from Hong Kong to New York
China enforces retroactive 20% tax on offshore trusts and insurance policies, rattling Hong Kong’s $2.9 trillion wealth hub and global financial …
China’s central bank pledges timely new policy rollout
BEIJING, Aug 12 (Reuters) – China’s central bank said on Wednesday it would maintain an appropriately loose monetary stance and roll out practical, effective measures as needed, but stopped short of …
Deutsche Bank Gets China’s Currency Stamp
The German lender became Europe’s first renminbi clearing bank, giving Beijing another bridge for pushing the yuan beyond China’s borders.
China’s central bank targets global yuan in first solo 5-year plan in at least a decade
The strategy signals Beijing’s push to build a ‘strong central bank’ capable of driving its financial powerhouse ambitions, analyst says China’s central bank has set out its strategic priorities for …
Lender bank from Beijing inspects MSEDCL projects
Nagpur: A delegation of the Beijing-based Asian Infrastructure Investment Bank (AIIB) recently inspected various power infrastructure strengthening and augmentation projects being implemented in …
PwC weighs halving of China financial services audit staff, Reuters reports
PricewaterhouseCoopers is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of …
China’s Central Bank Releases Plan to Strengthen Monetary Policy, Regulation
The People’s Bank of China has unveiled a set of reforms on monetary policy, financial markets, and openness for the 15th Five-Year Plan period (2026-2030), with strengthening monetary policy and …
Ministry of Finance (China)
The Ministry of Finance (MOF) is a governmental body in China, headquartered in Beijing. As a constituent department of the State Council, its primary mission is to administer macroeconomic policies, …
The bank behind China’s AI listings bonanza
China’s top investment bank has emerged from a years-long government crackdown and muscled aside rivals to become the dominant financier of Beijing’s effort to compete with the US in AI.
China’s July bank lending set to plummet amid subdued demand, seasonal slowdown
China’s new bank loan issuance likely rose 45 billion yuan ($6.67 billion) in July, plunging from 1.61 trillion yuan in June, a Reuters poll of 20 economists showed on Friday, hurt by weak credit …
China central bank boosts Hong Kong gold reserves to strengthen trading hub
China’s central bank boosts gold reserves in Hong Kong to strengthen its trading hub. Gold hitting $10,000 by December at 3.0% YES.
China Bank Savings H1 profit eases to P1.19B
MANILA, Philippines — China Bank Savings (CBS) posted a slight decline in first-half earnings despite higher revenues from sustained lending growth.. The thrift banking arm of China Banking Corp. said …
