In some rural parts of China, people believe that burning incense in front of institutions related to finance, such as a bureau of finance or local banks, could bring the “God of Wealth” home and…
FINANCE
Ant Group reaches deal with China’s financial regulators on business overhaul – sources
An agreement between Ant Group and the regulators would lift a cloud of uncertainty hanging over the company and from across the financial technology industry. ( read original story …)
How China’s Liquidity Squeeze Got Markets All Rattled
China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary … ( read original…
China Drains Funds From Banking System as Cash Crunch Eases
China drained funds from the financial system after a key cost of short-term borrowing tumbled from its highest level since 2015, showing officials remain wary of excess liquidity. ( read original story …)
Ant crackdown heightens power of China’s top banking regulator
China’s crackdown on Jack Ma’s Ant Group has amplified the power of , China’s top banking regulator, who has led the charge against the financial technology group … ( read original story …)
China Central Bank Withdraws $12 Billion from Banking System
China drained funds from the financial system on Wednesday, a sign that officials remain wary of excess liquidity. ( read original story …)
China Stockpiles Chips and Chip-Making Machines to Resist U.S.
China is taking decisive steps to protect itself from a widening U.S. technology ban, with imports of computer chips and the machines that make them surging last year. ( read original story …)
China’s Short-Term Money Rates Fall to Two-Week Low as PBOC Injects Liquidity
China’s short-term money rates eased to two-week lows on Tuesday as signs of liquidity tension in the interbank money markets started to fade, traders said. The Shanghai Interbank Offered Rate (SHIBOR … ( read original…
On financial risk, People’s Bank of China is more credible than the US Fed
In draining cash from the banking system ahead of Lunar New Year, the PBOC is sending a message of caution. In contrast, the Fed is underplaying the connection between cheap credit and a stock market…
Europe’s Economy Falls Further Behind U.S. and China. ‘It’s Getting Desperate.’
The eurozone’s economy is diverging sharply from the U.S. and China, as stubbornly high coronavirus infections, extensive Covid-19 restrictions and a painfully slow vaccine rollout delay Europe’s … ( read original story …)
China population: tumbling regional birth rates signal scale of country’s ageing crisis
Population data from some Chinese provinces and cities has shown dramatic declines in the number of newborns in 2020 compared to a year earlier, signalling looming demographic problems. ( read original story …)
China’s emerging digital currency: financial authoritarianism?
China is pushing aggressively to be a global leader in financial technology. Over the past several years, use of mobile payment platforms has exploded in China while cash transactions have declined. ( read original story…
At Least One Central Bank Is Worried About Speculation: China’s
Markets in the U.S. are going haywire—with the GameStop saga the latest symptom—but the central bank is hesitant to step in. Not so in China. ( read original story …)
