Beijing’s financial regulator announced on Tuesday that 40 million yuan ($6.27 million) digital yuan (or RMB) will be given away to local residents as the city moves to conduct a trial of the …
FINANCE
Chinese central bank’s digital yuan given trial by lottery
China’s capital Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, in another trial for the central bank’s eCNY, according to a …
China central bank issues revised draft law on money laundering
China’s central bank on Tuesday issued a revised draft law on money laundering, vowing to ramp up punishment on money laundering activities.
China Steps Up Pressure on Financial Institutions to Limit Property Lending
China’s banking regulator is stepping up pressure on financial institutions to control the growth of real estate loans after it imposed a cap on property lending by big banks in December, according to …
China digital currency: Hong Kong, Shenzhen proposed as ‘expressway’ for cross-border financial innovation
A senior central bank official has proposed setting up a controlled environment to test China’s digital yuan for capital account flows between Shenzhen and Hong Kong.
Three-child policy: China should provide cheap homes to ease anxiety about financial burden of larger families, market observers say
Beijing should offer cheap homes to families with three children to get the Chinese population behind its recently introduced three-child policy, industry observers said.
China Ups Fines and Widens Scope of Draft Money Laundering Law
China’s central bank on Tuesday issued a revised draft anti-money laundering law, under which fines for certain offences would rise to as much as 10 million yuan ($1.6 million) and a host of …
China rejects Australian writer’s torture claim in trial
A Chinese government spokesperson on Tuesday rejected an Australian writer’s complaint that he was tortured during interrogation before being put on trial on spying charges. The Foreign Ministry …
China’s central bank emphasizes supply chain finance development
China will promote the standardized development of supply chain finance, effectively broaden the financing channels for micro, small and medium-sized enterprises and ensure more funds flow to the real …
Beijing mulls a new holding company for Huarong, bad-debt managers
China’s finance ministry is considering a proposal to transfer its shares in Huarong and three other bad-debt managers to a new holding company, according to a person familiar with the matter.
Japan, U.S. to hold finance chief talks on Fri. in London
Japan and the United States are making an arrangement to hold the first face-to-face talks by their finance chiefs on Friday in London, sources close to the matter said Monday. Japanese Finance …
Economic Watch: Global investors see new prospects in China’s net-zero carbon goals
With China on track to achieve its net-zero carbon pledges, global investors are eyeing new green business opportunities from the world’s second largest market. At the two-day International Finance …
Fitch Affirms Huai’an Traffic at ‘BB’; Outlook Stable
Fitch Ratings has affirmed Huai’an Traffic Holding Co., Ltd.’s (HATH) Long-Term Foreign- and Local-Currency Is …
