China’s central bank governor, Yi Gang, said on Wednesday Beijing was working on a new monetary policy facility to provide low cost funds for financial institutions to support green projects.
FINANCE
China missile silos a sign of “unprecedented nuclear buildup,” report says
Construction activity at three suspected missile silo fields in north-central China offers the latest evidence of a rapidly expanding nuclear weapons program, according to a new analysis of satellite …
China’s central bank governor vows to strengthen legal protection of personal data
China’s central bank governor on Wednesday vowed to strengthen the legal system for personal information protection in the finance sector as the rapid growth of fintech gives rise to concerns over …
These are the strategies behind China’s ambitious clean energy transition
The country leads the world in terms of total wind and solar energy installed and is poised to be the primary supplier of the clean economy.
China stocks end lower on economic pressure, fresh COVID-19 cases
At the close, the blue-chip CSI300 index fell 0.39 per cent to 4,821.11 points, while the Shanghai Composite Index eased 0.2 per cent to 3,498.54 points.
China’s central bank speaks up as data privacy advocate as it curbs unauthorised and excessive data collection by fintech companies
Yi’s speech underscores the legal framework for personal data protection that is taking shape in China with the passage of a data security law this year and a personal information protection law, …
China to strengthen personal data protection in fintech sector – central bank head
China will strengthen personal protections in the financial technology sector to curb unauthorised data collection and abuses, the country’s central bank chief said on Wednesday. Beijing will improve …
World’s financial institutions must weigh risk of expanding in China
Financial institutions from across the globe are competing to expand in mainland China, eager to tap a massive economy that they regard as essential to their growth. Their zeal contrasts sharply with …
China c.bank chief says it is urgent to strengthen personal data protection
China’s central bank chief Yi Gang said on Wednesday it is urgent to strengthen personal data protection in the financial technology (fintech) sector and data protection is high on the central bank’s …
China Central Bank Chief Says It Is Urgent to Strengthen Personal Data Protection
China’s central bank chief Yi Gang said on Wednesday it is urgent to strengthen personal data protection in the financial technology (fintech) sector and data protection is high on the central bank’s …
Beijing, Tianjin, Hebei central to green efforts
Beijing, Tianjin and Hebei province have advantages in contributing to Chinas target of realizing peak carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, as the city …
Why Beijing will endure property tax’s drag on housing market
While China’s property sector is already on a downward trend, plans to expand the property tax will probably only add to the housing market’s woes. The market is wondering why Beijing is sticking to …
China’s Oct services activity expands at faster clip – Caixin PMI
The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 53.8 in October – the highest since July – from 53.4 in September. The improved readings in the private survey, which focuses more …
