Over the past year, President Xi Jinping has ended China’s days of limitless private sector-growth in favor of state-directed “common prosperity.” While that’s made life more difficult for investors, …
FINANCE
Russians Look to Chinese Financial System For Relief From Sanctions Imposed Over Ukraine War
Russian banks, companies, and ordinary citizens are increasingly looking to China’s financial system for relief from Western sanctions.
China’s central bank to pay profits to fund fiscal spending -finance ministry
China’s central bank will be among state financial institutions paying some of their profits, including arrears, to the government this year to fund an increase in fiscal spending, the finance …
‘Xi is using Putin as a test tube.’ Here’s how China is assessing the U.S.’s Russia sanctions as it eyes conflict with Taiwan
Chinese officials are studying the financial sanctions leveled against Russia as they hope to understand how the West might react to an invasion of Taiwan.
China’s central bank to provide 1 trln yuan to central budget
China central bank plans to turn over more than 1 trillion yuan about 1583 billion US dollars in surplus profits to the countr …
China Thinks Time Is on Its Side Regarding Taiwan Takeover
Taiwan is in danger of being subsumed by China. But it’s not imminent, and it’s not because of what’s going on in Ukraine—at least not in the way you may think. Bringing Taiwan under its…
China’s central bank to provide 1t yuan to central budget
BEIJING – China’s central bank plans to turn over more than 1 trillion yuan ($158.3 billion) in surplus profits to the country’s central budget in 2022 to support enterprises, stabilize employment and …
China Should Draft a Digital Yuan Law, State Bank Official Says
China has been testing the digital yuan in about a dozen regions since 2020. Drafting a specific law or regulation is seen by some as one of the prerequisites for a national roll- …
Oil Price Shock Tests China’s Bet To Insulate Its Economy
Soaring oil prices triggered by possible sanctions on Russia’s energy supplies will make China’s already-challenging economic growth target for the year even tougher to achieve.Most Read from …
China’s Tsingshan fires nickel rally as it cuts costly exposure-sources
China’s Tsingshan Holding Group bought large amounts of nickel to reduce its short bets on the metal and its exposure to costly margin calls, turbocharging a record rally fuelled by the conflict in …
China vows legislation focus on tackling foreign interference
China’s top legislature vowed to enrich the country’s legal toolkits and develop a more comprehensive system of laws and regulations concerning foreign affairs in 2022, after it passed milestone laws …
China cenbank to pay over 1 trln yuan in profit to govt this year
China’s central bank said on Tuesday it will pay more than 1 trillion yuan ($158.31 billion) in profit to the central government this year.
SCIO press conference on promoting virtuous cycle of finance and economy amid high-quality development
As for how these sanctions will affect China’s economy and finance, the impact so far is not clear, and the situation requires further observation. Nevertheless, we believe that, in general, there …
