That’s because China’s new digital yuan, the first central bank digital currency in a major economy, is expected to see wider use during the games. The People’s Bank of China has been ramping up …
FINANCE
China to Keep Reining In Unruly Growth in Financial Sector This Year, Regulator Says
China will continue to clamp down on the “disorderly expansion of capital,” which largely refers to the unbridled growth of big internet-based firms, and will set “traffic lights” for guidance, the …
China debt: Beijing offers support to indebted Guizhou to ensure cash flow, boost investor confidence
Guizhou in southwest China has struggled to raise funds in recent years in capital markets as a result of its deteriorating credit profile Guizhou is reported to have defaulted on at least 68 debt …
China conditionally approves AMD’s $35 bln deal for Xilinx
China’s market regulator said on Thursday it had conditionally approved Advanced Micro Devices Inc’s $35 billion all-stock deal for peer Xilinx .
China Stocks Enter Bear Market as Yuan Tumbles Most in 7 Months
China’s equity benchmark slid into a bear market while the yuan tumbled the most in seven months, as the Federal Reserve’s hawkish comments added to investor concerns over the nation’s regulatory …
China shares, yuan drop after U.S. Fed turns more hawkish
Chinese shares slumped to nearly 16-month lows and the yuan fell against the dollar on Thursday as global investors worried that the U.S. Federal Reserve would move aggressively to curb inflation.
Breakup Plans; China Property Stocks Tumble: Evergrande Update
Chinese authorities are considering a proposal to break up China Evergrande Group by selling the bulk of its assets, according to people familiar with the matter. Developer stocks slumped after two …
How West Virginia Is Standing Up to China-Friendly BlackRock
West Virginia State Treasurer Riley Moore discusses why his state decided to decouple from investment giant BlackRock.
China’s Equity Benchmark Slips Into Bear Market Amid Fed Panic
China’s equity benchmark slid into a bear market, as the Federal Reserve’s hawkish comments added to investor concerns over the nation’s regulatory headwinds, triggering the largest foreign selling in …
China Weighs Breaking Up Evergrande to Contain Property Crisis
Chinese authorities are considering a proposal to dismantle China Evergrande Group by selling the bulk of its assets, according to people familiar with the matter.Most Read from BloombergPowell Backs …
China Allows LGFVs in Poor Province to Negotiate Debt Extensions
China will allow government-owned borrowers in Guizhou province to negotiate with banks to extend debt repayments, stoking fears the local authorities may be struggling to meet debt obligations.
China’s Local Government Bond Sales Fall Short of Expectations
China’s local governments have been selling bonds at a modest pace in January, undermining market expectations of a strong fiscal boost early in the year to cushion a slowing economy. Local …
From dream to reality: Beijing 2022 brings winter sports to over 300 mln people
The change sowed the seeds of a new dream for nine-year-old Li, which is to become a professional ice hockey player. “On the ice, I feel that I can really express myself, and I love…
