China and the US, both having highly centralized economies, also hold striking uniformity in generating financial crises. While America put the submortgage crisis in the rearview mirror, China seems …
FINANCE
China’s central bank vows to boost credit support, stabilise money growth
The People’s Bank of China will keep monetary policy stable with a good cross-cyclical design and will support high-quality economic expansion with “appropriate money growth,” according to a statement …
People’s Bank of China Tianwen-1 coins
China is celebrating its first successful mission to orbit and land on Mars with a new set of gold and silver commemorative coins. The People’s Bank of China announced it will issue the limited …
China’s biggest bank ups loan allocation for SMEs
BEIJING: The China Development Bank has increased loan support for small and micro businesses, with outstanding funds nearing 188 billion yuan ($28.93 billion) under a …
Oil Rallies as China’s Success Against Virus Eases Demand Fears
Oil extended gains from the biggest jump in five months as China’s success in stamping out virus flare-ups boosts optimism of a demand recovery.U.S. oil futures rose 2.9% while Brent topped $71 a …
Hong Kong’s role in opening China’s economy to the world ‘not replaceable’, key Beijing official assures investors
But city must also be more proactive in integrating with the mainland’s development, HKMAO’s Huang Liuquan tells group of business leaders.
Shanghai to roll out measures to develop as an international financial centre
SHANGHAI: Shanghai, the financial hub of China, said it will roll out a slew of measures as part of the 14th five-year plan to develop the city as an international financial centre. The municipal …
Digital Financial Inclusion in China
China’s Experience in Digital Financial Inclusion [1] 1. Background Financial inclusion is the next step in the evolution of financial systems and has played a key role …
Financial Inclusion: Lessons Nigeria can learn from China
Digital financial inclusion has adhered to the G20 High-Level Principles for Digital Financial Inclusion, which were adopted and published at the Summit in Hangzhou in 2016.
SoftBank invests in Chinese-founded fintech start-up OPay after Masayoshi Son puts pause on China deals
OPay, founded by Chinese billionaire entrepreneur Zhou Yahui, is one of many China-backed companies capitalising on Africa’s growing demand for financial services.
China hints it may provide financial aid to Taliban controlled Afghanistan
There is a global pushback against the taliban’s violent takeover of Afghanistan. It calls to cut all financial aid to Afghanistan, until the Taliban ends its hardline religious policies. However, …
China to strengthen financial support for common prosperity
The People Bank of China has vowed to maintain the stability of macro policies and provide strong financial support for the country …
China’s services trade fair CIFTIS attracts 143 financial entities
A total of 143 financial organizations and enterprises will attend the thematic exhibition on financial services of the China Inter …
