China’s foreign exchange regulator said it fined Tencent Holding’s Tenpay for violating foreign exchange rules, as authorities step up supervision of the country’s fintech industry. The State …
FINANCE
China says omicron no threat as it doubles down on elimination
Travellers into Hong Kong have to isolate in a hotel for up to three weeks under harsh restrictions which business says is further hurting its status as an international finance hub. Zhong Nanshan, …
China Needs Cut to Inequality for Common Prosperity: PBOC’s Cai
China needs to cut its Gini coefficient, a measure of income inequality, to under 0.4 in order to achieve common prosperity, an adviser to the country’s central bank said. The Gini coefficient should …
China Developers Face $1.3 Billion in December Bond Payments
China’s stressed developers face nearly $1.3 billion of bond payments in December, after a month in which investor sentiment toward the property sector showed signs of stabilizing despite fresh signs …
Tims China Announces Strategic Partnership with METRO China
TH International Limited, together with its wholly owned subsidiaries, (“THIL” or “Tims China”) announced today a strategic partnership with METRO China, a leading retailer and joint venture of Wumart …
Renminbi surge shows traders’ faith in hands-off central bank
The PBOC has set the currency’s daily reference rate at only mildly weaker-than-expected levels.. Read more at straitstimes.com.
PBOC Official: Central bank will maintain ample liquidity to support employment
An official from the People’s Bank of China (PBOC) indicated on Monday that the country’s central bank will be keeping the liquidity taps open. “PBOC will enact prudent monetary policy.” “Will …
China Stock Market May Take Further Damage On Monday
The China stock market has finished lower in back-to-back trading days, retreating almost 30 points or 0.8 percent along the way. The Shanghai Composite Index now rests just beneath the 3,565-point …
XTransfer intensifies world expansion of financial services
Chinese cross-border payment operator XTransfer is intensifying efforts to go global in a move to facilitate foreign trade for overseas small and medium-sized businesses by providing them with better …
Yuan Surge Shows Traders’ Faith in Hands-Off Central Bank
An unstoppable ascent in the yuan is signaling Beijing’s growing ease with gradually freeing up one of the world’s most tightly-managed currencies.
China Cash Flowed Through Congo Bank to Former President’s Cronies
The Chinese businessman had walked out of a bank in Kinshasa with 13,624 hundred-dollar bills, 10,001 fifties and 43,000 smaller U.S. notes, despite explicit instructions to prevent it from happening.
China’s Bond Watchers Are Missing a Big Part of the Picture
China’s real estate developers owe more than $200 billion in dollar-denominated bonds. Naturally, investors are trying to identify which among them might be the next China Evergrande Group, whose …
China Study Says Adopting U.S. Stance Would Trigger Covid Surge
China would face a “colossal outbreak” on a massive scale if it were to reopen in a similar manner to the U.S.
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