BEIJING: China’s central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks. Financial …
FINANCE
Interview: RMB sees rising importance as Chinese economy grows, says London finance policymaker
With China being the second largest economy in the world and poised to grow further, it is “only natural” that the importance of its currency renminbi (RMB) is also growing, the City of London policy…
China: PBoC’s relief measures for Covid are mostly window guidance
China’s central bank (PBoC), released some measures to help people and companies affected by Covid. Most of the measures are window guidance to …
Beijing to ramp up financial support for real economy
BEIJING: China has rolled out several measures to strengthen … according to a circular jointly released by the People’s Bank of China and the State Administration of Foreign Exchange. China will …
Global financial crash: Economic chaos fears as China risks triggering ‘world recession’
More info In response to reports of challenges in China’s agricultural heartlands, Eli Dourado, a senior research fellow at the Centre for Growth and Opportunity at Utah State University, commented: …
China moves to boost tech funding to counter US
The Chinese government will increase its funding for technology innovation and to ensure the security and stability of its product supply chains, which have been hit hard by the coronavirus pandemic, …
How should China improve climate disclosure in the finance sector?
China announced its dual carbon targets of peak carbon before 2030 and carbon neutrality before 2060. Getting there will require an estimated 138 trillion yuan (US$21.6 trillion) in low-carbon finance …
China Merchants Bank shares slump on president’s sudden removal
China Merchants Bank (CMB) shares slumped on Tuesday, as investors took fright after the lender announced the sudden removal of its president. China’s third biggest lender by market value issued a …
China Facilitates Miftah Ismail on Assuming Finance Minister Charge
Ms. Pangchunxue, Charge de Affaires of the Embassy of People’s Republic of China called on Federal Minister for Finance and Revenue Mr. Miftah Ismail here …
US, Taiwan defy Beijing in ‘sensitive moment’ when pressures are mounting on China
US playing with fire over Taiwan, Beijing warns as it slams lawmakers’ trip Beijing … In her testimony at a US Senate Finance Committee hearing in late March, Tai said the US strategy must expand…
China’s central bank remits 600 billion yuan to central budget
China’s central bank said Monday that it had handed over 600 billion yuan (about 94.1 billion U.S. dollars) in surplus profits to the country’s central budget as of mid-April. The funds will mainly be …
People’s Bank of China steps in to assist Covid-battered supply chains
Beijing has drafted more policies to aid under pressure supply chains as China struggles to handle the omicron variant of Covid-19. Seven new Covid-19 deaths were reported in Shanghai on Tuesday, a …
Finance Minister for further enhancing cooperation with China
Federal Minister for Finance and Revenue Miftah Ismail here on Tuesday expressed desire to further enhance bilateral cooperation with …
