China will expand the trial of its sovereign digital currency to a number of Chinese cities including Chongqing, Tianjin, Hangzhou and Guangzhou, as the central bank works on incentives for banks …
FINANCE
Xi Jinping urges China, EU to bring more stability to a turbulent world
Chinese President Xi Jinping said on Friday that China and the European Union (EU) should bring more stability to a world plagued by a protracted COVID-19 pandemic, a faltering global recovery and …
China’s monetary policy toolkit adequate to navigate economic uncertainties
Yangpu Bonded Port Area in the Yangpu Economic Development Zone, south China’s Hainan Province. (Xinhua/Pu Xiaoxu) BEIJING, April 2 (Xinhua) — China has an adequate monetary policy toolkit to shore …
Economic Watch: China’s monetary policy toolkit adequate to navigate economic uncertainties
China has an adequate monetary policy toolkit to shore up economic growth and boost market confidence amid changing economic landscape, analysts said. The central bank’s recent meeting has sent …
China Removes Key Hurdle to Allow U.S. Full Access to Audits
China modified a decade-long rule that restricted offshore-listed firms’ financial data sharing practice, potentially removing a key hurdle for U.S. regulators to gain full access to auditing reports …
China Pledges Stronger Support for Foreign Auto Firms: Official
China will tend to the needs of foreign firms in the auto industry and help tackle their difficulties in a timely manner, according to Vice Commerce Minister Wang Shouwen. Wang made the remarks while …
China orders millions in Shanghai to shelter in place amid COVID cases surge
Shanghai is under lockdown Friday, as COVID cases continue to surge in China’s financial capital. It is the most severe measure by the Chinese government to isolate and tract infections since it shut …
China’s central bank stresses defusing financial risks in 2022
China will strengthen efforts to prevent and defuse financial risks to stabilize the financial market in 2022, according to the central bank. The People’s Bank of China will enact concrete measures to …
Shanghai lockdown enters phase 2, largest COVID shutdown in China
The lockdown is being done in two phases over eight days to test the entire population of China’s biggest city.
China central bank seeks to avoid systemic risks
BEIJING- China’s central bank said on Friday the country’s financial system will continue to seek progress while maintaining stability this year, and will safeguard the bottom line of avoiding …
China Weighs Giving U.S. Full Access to Audits of Most Firms (1)
Chinese authorities are preparing to give U.S. regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as mid-this year, making a rare …
China’s Local Gov’ts Issued USD290 Billion of Bonds in First Quarter, Double a Year Ago
China’s local governments issued CNY1.82 trillion (USD290 billion) of local bonds in the first quarter, more than twice the amount issued in the same period of last year, China Securities Journal …
Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday.
