Pan Gongsheng, governor of the People’s Bank of China, called for an international monetary system in which “sovereign currencies coexist and compete with checks and balances.” …
FINANCE
China’s fiscal revenue falls 0.3% in January-May period
China’s fiscal revenue shrank 0.3% in the first five months of 2025 from a year earlier, narrowing a 0.4% decline in the January-April period, finance ministry data showed on Friday. Fiscal …
China’s Economic Earthquake – $300 Billion Is Falling, and It’s Just the Beginning
Evergrande’s collapse isn’t just about one massive Chinese real estate company – it’s about contagion. In a highly interconnected economy, the fall of a single company can trigger a chain reaction …
China uses HSBC bank as political tool against dissidents
Numerous pro-democracy activists and government critics from Hong Kong have had their accounts frozen by banking giant HSBC. The actions are raising concerns over China’s growing influence on …
China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Xi Focus: Think tank report expounds on China’s financial development path
BEIJING — A report released on Thursday traces Xi Jinping’s exploration of the path of financial development with Chinese characteristics when he worked in East China’s Fujian province, and also …
China keeps key lending rates steady after May cut as U.S. trade deal eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
China expectedly keeps key lending rates steady after May cut
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Word is bonds: China’s provinces use special-purpose funds to pay debts
Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.
China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war
China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington sparked concerns about the long-standing status of American government bonds as the …
China’s payment system spreads across Africa and Asia amid US trade war
China’s cross-border yuan payment system has signed up more financial entities from Africa, Central Asia and the Middle East, as Beijing accelerates efforts to promote the global use of its currency …
China opens 16 futures, options to foreign investors in financial opening-up
China is stepping up efforts to further open its capital market to the world, as its three major commodity futures exchanges jointly announced the addition of 16 new futures and options contracts to …
Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins
We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.
