China’s local governments had 14.8 trillion yuan (US$2.3 trillion) of hidden debt last year, according to Liu Lei, a senior researcher at the National Institution for Finance and Development. ( read original story …)
FINANCE
HBL Beijing branch a milestone for Pakistani commercial banks: Ambassador Haque
BEIJING, March 24 (APP):Pakistan Ambassador to China, Moin ul Haque has said that opening of branch of Habib Bank Limited (HBL) in the Chinese capital was a very important milestone for Pakistani … ( read…
Pak-China financial co-op highlighted at opening ceremony of HBL Beijing branch: Haque
HBL Beijing has become HBL’s second branch in China after Urumqi branch, its establishment marks an important milestone in the economic development of China and Pakistan. While addressing the opening … ( read original story…
China’s $2.3 Trillion Hidden Debt Could Climb Even Further
China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.Local … ( read original story …)
Sanctions row threatens EU-China investment deal
The EU’s trade policy chief has warned that China’s decision to escalate a sanctions row risks imperilling a market-access deal meant to be the cornerstone of future relations between Brussels and … ( read original…
China’s $2.3 Trillion Hidden Debt Is Seen Climbing Even Further
China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank. ( read original story …)
‘We’re in it together’, Antony Blinken tells Nato after flurry of China sanctions
The Financial Times, meanwhile, reported that Blinken and his Brussels counterpart Josep Borrell will relaunch a strategic dialogue on China on Wednesday, just months after the bloc and Beijing agreed … ( read original story…
China central bank says new SWIFT JV will set up localized data warehouse
China’s central bank said on Tuesday that the newly established joint venture with the Belgium-based SWIFT financial messaging service will set up a localized data warehouse to monitor and analyse … ( read original story…
Pakistan’s largest multinational bank opens branch in Beijing
The Habib Bank Ltd (HBL), the largest multinational bank in Pakistan, opened its branch in Beijing on March 5 and held an opening ceremony on Monday, which aims to better serve Chinese clients … (…
China Faces Bond Market Test After Acting as Bastion in Rout
China’s $18 trillion bond market has proved remarkably stable in the face of rising yields around the world. A flood of issuance from the country’s local governments from April is about to put that ……
Green finance to be key priority
Green finance could prove very useful in combating … a roundtable discussion at the China Development Forum 2021 in Beijing on Saturday. The PBOC is looking at the possibility of including … ( read original…
People’s Bank of China Official Says Fully Anonymous Digital Yuan ‘Not Feasible’
The director of the People’s Bank of China’s (PBoC) Digital Currency Research Institute says designing its digital currency to be fully anonymous isn’t “feasible.” Mu Changchun said the bank needs to … ( read original…
First Pakistani bank opens branch in Beijing
Habib Bank Limited presence to allow to interact with financial institutions involved in China-Pakistan Economic Corridor … ( read original story …)
