China’s Central Bank on Friday declared all cryptocurrency-related transactions illegal in an intensification of the country’s crackdown on the trillion-dollar industry. “Virtual currency-related …
FINANCE
China completes key section of Beijing-Lhasa road link
Continuing its infrastructure build up in Tibet, China has completed a key section of the Beijing-Lhasa expressway, a 295 km stretch from Lhasa to Nagqu. This section is located at an average altitude …
Meng Wanzhou’s return shows the strong will of China
A strong China, under the leadership of the Communist Party of China, has always been the strongest guarantee for the Chinese people to brave the elements.
‘No money’: The human toll of China Evergrande’s financial crisis
As China Evergrande tries to claw its way out of financial crisis and global markets fret over its fate, the lives of the ordinary people who work for the property developer and its many contractors…
Evergrande Not Enough to Deter Investcorp From China Expansion
Investcorp Holdings BSC, one of the largest foreign buyers of U.S. real estate, remains bullish on the world’s biggest economy and expects the crisis enveloping China Evergrande Group to offer fresh …
US hypocrisy ‘deeply hurt’ Hong Kong, says city’s finance chief, as he urges Washington to respect Chinese sovereignty
Financial Secretary Paul Chan lauds Beijing’s list of ‘US crimes’ and urges Americans to respect Chinese sovereignty and stop meddling in city’s affairs.
China Steps up Funding Oversight of Evergrande Property Projects – Caixin
Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande, to protect funds earmarked for housing projects from being …
Joe Biden and China on a collusion course?: Goodwin
It’s not the cynic who wonders whether Biden’s pussyfooting around China is a result of his being compromised. It’s knowing that nobody gives away money without expecting something in return.
China welcomes Huawei executive home
Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday…the same day two Canadians detained by Beijing returned home.Meng’s nearly three-year U.S. extradition fight ended as she was …
Key detail in China’s crypto crackdown is callout of Bitcoin, Ethereum and Tether
China has reiterated its crackdown on cryptocurrencies in the world’s second largest economy and the latest statement from the People’s Bank of China …
China expands financial services in Africa: report
Chinese financial institutions have continuously expanded services in Africa to ramp up bilateral economic and trade cooperation …
Bank of China to stop financing new coal mining, power projects overseas
Bank of China has committed to no longer provide financing for new coal mining and coal-fired power projects overseas, starting from the fourth quarter of this year, except for the projects whose …
Bank of China pledges to end funding for foreign coal mining and power plants
The Bank of China has said it will no longer provide financing for new coal mining and coal-fired power projects overseas from next month. It is the first of the four Chinese state-owned commercial …
