Dr. Sara Hsu is an expert in Chinese fintech, economic development, informal finance, and shadow banking. She is the author of “China’s Fintech Explosion.” …
FINANCE
China’s crackdown on financial crimes makes progress
BEIJING, Feb. 15 (Xinhua) — Chinese prosecutors stepped up their efforts against financial crimes in 2021 … The establishment of an SPP office in the China Securities Regulatory Commission has …
China’s Central Bank Keeps MLF Rate Unchanged, Pumps USD47.2 Billion Into Open Market
(Yicai Global) Feb. 15 — China’s central bank has left the rate of its one-year medium-term lending facility unchanged, injecting CNY300 billion (USD47.2 billion) of liquidity into the interbank …
China’s Local Gov’ts Use Third of USD282 Billion Bond Quota for 2022 in January
(Yicai Global) Feb. 15 — Local governments cranked up the pace of new bond issuance last month, using about a third of the CNY1.79 trillion (USD282 billion) quota for this year that China’s finance …
China’s local governments, hit by property market slowdown, court foreign investment to steady growth
Shenzhen, China’s southern technology hub, said on Monday it would offer up to 100 million yuan (US$15.7 million) to any new foreign investment project worth US$50 million, although not in the real …
China’s central bank buys net 33.3 billion yuan in FX in Jan
BEIJING, Feb 15 : China’s central bank purchased a net 33.3 billion yuan worth of foreign exchange in January, according to Reuters calculations based on central bank data released on Tuesday. The …
Pakistan’s increasing dependency on Beijing reflected during Imran Khan’s recent visit to China: Report
During his four-day visit to China, Imran Khan attended the opening ceremony of the Beijing Winter Olympics and met with the … which by the admission of the chief of the State Bank of Pakistan…
China’s removal of renewable energy subsidy will affect fight against climate change
Doing so would also enable the Finance Ministry in China to correct its subsidy payment backlog, which had exceeded 400 billion yuan (USD 62.64 billion) in 2021. However, with the removal of …
Olympics-Beijing visitors go hi-tech to avoid getting lost in translation
ZHANGJIAKOU, China (Reuters) – Businesses at the Beijing Olympics are getting around the language barrier by using high-tech apps and a smartphone-like device to translate from Mandarin Chinese …
American-born teen Eileen Gu wins women’s freeski slopestyle silver, her second medal in Beijing
Eileen Gu claimed her second freeskiing medal during these Beijing Olympics, setting her up for the unprecedented three medals she’s aiming for by the end of the week. Needing to put down a big …
Here’s how much money athletes at the Beijing Olympics earn for winning medals
The 2022 Winter Olympics is well underway in Beijing, and more than 200 medals have already … sports associations and personal finance site Money Under 30. The data showed the U.S. Olympic and …
China Market Watchers See PBOC Cutting Rates in Coming Months
(Bloomberg) — China’s central bank will resume cutting interest rates in the coming months as a challenging economic outlook calls for further easing, market watchers said after it left the …
China to Account for 37% of Global Digital Commerce Payments by TX Value by 2026, Juniper Research Reports
The report from Juniper also noted: “China will account for over 37% of global eCommerce … and information web site covering the emerging global industry of disruptive finance including investment …
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