China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital flows as it opens its own capital markets to more … (…
FINANCE
China’s central bank issues 25 bln yuan of bills in Hong Kong
China’s central bank issued 25 billion yuan (about 3.87 billion U.S. dollars) worth of bills in Hong Kong on Friday. Among the total, 10 billion yuan worth of bills will mature in three months, and…
China’s blue-chip index ends week lower on policy tightening worries
China’s blue-chip index recouped earlier losses to end higher on Friday, helped by gains in infrastructure and securities stocks, though it posted weekly losses on investor concerns over policy … ( read original story …)
Financing picking up speed amid carbon control efforts
China’s green financial market is unveiling huge business opportunities for global capital as infrastructure and technology upgrade programs await funds to cut carbon emissions in the next few decades … ( read original story …)
Chinese bank tests biometric hardware wallet for digital yuan payments
China’s Postal Savings Bank has created a biometric hardware wallet for the country’s digital yuan that doubles as a health card. ( read original story …)
China Stock Traders Sell Favorites After Benchmark Tests Record
Mainland traders rushed to take profit from China’s equity market on Friday, selling key stocks a day after the main benchmark briefly surpassed its 2007 closing high. ( read original story …)
Insight – Central bank digital cash spooking shadow economy to crypto
IF central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper into the darkness. ( read original story …)
China Bank raises P20 billion from three-year bonds
CHINA BANKING Corp. (China Bank) raised P20 billion from its issuance of three-year bonds to be used for its expansion programs and other strategic initiatives. The issued volume was four times its … ( read…
HSBC: Your bank in your pocket
That’s why the Bank has acted swiftly and launched a number of initiatives last year to enhance its digital services in response to the crisis. These initiatives included mobile account opening for … ( read…
China’s central bank pumps cash into the financial system
China’s central bank pumped cash into the financial system through open market operations on Thursday to maintain liquidity in the market. A total of 200 billion yuan (about $31 billion) was injected … ( read…
Biden’s Trade Rep Nominee Is Well-Versed in Beijing’s Aggression
And thanks to Chairman Xi Jinping’s actions in China, along with former President Donald Trump’s use of unilateral economic leverage—including tariffs—Congress is fully aware that Beijing will not … ( read original story …)
China Launches Fund to Finance Industrial Cooperation with Latin America
China has established a $10 billion fund to set up the Sino-Latin American Production Capacity Cooperation Investment Fund Co. Ltd, aimed at supporting China’s industrial cooperation with Latin … ( read original story …)
Beijing targets fake business loans used by homebuyers
Banking regulators in Beijing have cracked down on individual business loans that are illicitly used by borrowers to personally purchase properties, as China increases efforts to rein in housing … ( read original story …)
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