The law requiring the People’s Bank of China and other state-owned institutions and monopolies to pay part of their profits to the government had been suspended for two years due to the coronavirus.
FINANCE
China Asks Banks to Report Derivatives Exposure as Markets Reel
China asked its biggest financial firms and other state-owned enterprises to report the extent of their exposure to derivatives contracts following wild swings in nickel and other commodities that …
China Construction Bank Gets Reprieve on Metal Margin Calls
(Bloomberg) — A unit of China Construction Bank Corp. was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an …
Russia’s war on Ukraine boosts China’s financial ambitions
A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. See acast.com/privacy for …
Duterte: Honor Recto Bank exploration deal with China
In his public address late Monday, Duterte said an unnamed source from China warned that they will deploy soldiers if the Philippines were to deploy its own men in the area.
China Sees Record Bond-Market Retreat by Foreign Investors
Foreign investors reduced their holdings of Chinese government bonds by the most ever last month as Russia’s invasion of Ukraine roiled fixed-income markets worldwide. Most Read from BloombergUkraine …
China’s procuratorial authorities active in defusing financial risks: report
China’s procuratorial authorities made active efforts to forestall and defuse financial risks in 2021, according to a work report of the Supreme People’s Procuratorate. A total of 43,000 people …
China ups fight against financial crimes: report
China has beefed up efforts to crack down on financial and securities-related crimes according to a work report of the Supreme Peo …
How the Ukraine war could boost China’s global finance ambitions
This would be a boost to more than 20 years of work by Beijing to globalise its currency by increasing its use in foreign trade and as a store of value in international finance. “We…
China Construction Bank Unit Gets Reprieve on Metal Margin Calls
A unit of China Construction Bank Corp. was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an unprecedented spike in …
Duterte: PH must honor Recto Bank exploration deal with China
President Duterte reveals he received a reminder from China about the consequences of disregarding the two countries’ agreement for joint oil exploration.
How China’s Currency Could Come Out a Big Winner in the Ukraine War
Investors fleeing riskier assets have turned to the renminbi, which is strong against the dollar. And digital payments between Russia and China are rising.
China charts path to a green future
China is ready to make a greater contribution to the global response to climate change. As such, the country is taking concrete steps to foster green, low-carbon, high-quality development as it …
