One of China’s largest social media companies closed stock-tipping accounts with millions of followers as it heeds Beijing’s call to cleanse content deemed harmful to the country’s economy.Weibo Corp.
FINANCE
China to Send Banks Money for SMB Aid
China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for SMBs.
China Steps Up Monetary Support as Economy Takes Hit from Virus
China ramped up financial support for small businesses and pledged better use of local government bonds as the economy showed further signs of a slowdown because of tight property controls and fresh …
Graphic: China likely to quicken fiscal spending, but policy rate cuts not on the cards
At the same time, market yields are low enough that few expect a policy rate cut which would widen the Sino-U.S. monetary stance gap, risking a surge in capital outflows. “If some infrastructure …
China MOF Releases Announcement on Deed Tax Preferential Policy
The Chinese Ministry of Finance Aug. 30 released Announcement No. 29, on the deed tax preferential policy. The announcement includes deed tax exemptions for: 1) the transfer or ownership of property …
Ueda Yagi: China’s financial reform brings us ‘golden opportunity’
Huang Hong, the president and managing director of Ueda Yagi Money Broking (China), believes China’s financial reform has brought golden opportunities to foreign investors. CGTN’s Yang Shanshan sat …
Afghanistan ‘is not an opportunity for China, it’s a problem’: Ian Bremmer
In the immediate aftermath of Afghanistan’s collapse at the hands of theTaliban, China wasted no time in capitalizing on what it viewed as a public relations win. Its Foreign Ministry called the …
China to Step up Financing Support for Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300 billion yuan ($46.39 billion), the cabinet said on Wednesday. China will step up support for small- and …
China Offers Funds to Banks to Boost Loans to Small Firms
China’s central bank will provide 300 billion yuan ($46.4 billion) of low-cost funding to banks to help them offer more support to small and medium-sized companies, as Beijing tries to cushion its …
Beijing will back Hong Kong’s entry into world’s biggest free-trade deal, China’s commerce minister tells belt and road summit
China’s commerce minister Wang Wentao pledges support at belt and road summit. Foreign ministry official Liu Guangyuan warns others against imposing sanctions on country.
‘China is not the Soviet Union’ says Beijing’s envoy to Washington
Qin Gang urges an end to ‘cold war mentality’ and more communication to help the two sides handle differences constructively.
Deutsche Bank lowers China’s GDP forecast to 8.2% for 2021
Tuan Huynh of Deutsche Bank International Private Bank says the bank has slashed China’s economic outlook for 2021 to 8.2% from 8.7%, citing weakness in the Chinese economy that has persisted for some …
Former bank chairman gets two-year reprieve on death sentence in China
Cai Guohua, former chairman of Hengfeng Bank, was sentenced to death with a two-year reprieve at his second trial for abuse of power, graft and other crimes, …
