China’s central bank will join a project looking at using central bank digital currencies (CBDCs) for cross-border payments, the Bank of International Settlements said on Tuesday. CBDCs are like … ( read original story …)
FINANCE
China’s Crackdown on Defaulters Starts to Embolden Creditors
Chinese bondholders are gaining more power in the corporate restructuring process, underscoring a renewed push by authorities to reform the nation’s $5.2 trillion credit market.Following a slew of … ( read original story …)
China Finance Online (NASDAQ:JRJC) Shares Gap Down to $13.88
China Finance Online Co. Limited (NASDAQ:JRJC) gapped down before the market opened on Tuesday . The stock had previously closed at $13.88, but opened at $11.85. China Finance Online shares last … ( read original…
China military may face tough year ahead as Beijing tightens purse strings
An official budget figure for the PLA will not be announced at next month’s meetings but experts forecast small increase. ( read original story …)
Davis Polk expands in Beijing with equity capital markets partner hire from Freshfields
Davis Polk has hired capital markets specialist Jason Xu in Beijing from Freshfields Bruckhaus Deringer as it seeks to strengthen its deal-making capabilities in China. Xu joins the firm as a … ( read original…
U.S. Treasury No. 2 nominee Adeyemo urges get-tough attitude on China
“China is our top strategic competitor,” Adeyemo told a confirmation hearing before the Senate Finance Committee. “Where China is not willing to play on a level playing field, it’s important that we … ( read…
Joe Biden’s best weapon against China is teamwork
The new administration is toning down the rhetoric but is nevertheless taking a tough line on Beijing. Less capricious trade policies and a willingness to work with Western allies may make the … ( read…
Biden Nominee Open to Using Trump-Era Order to Punish China
President Joe Biden’s nominee to be Treasury Secretary Janet Yellen’s No. 2 indicated the U.S. is open to using a Trump-era investment ban to punish Beijing for violating international trade rules. ( read original story…
UPDATE 1-U.S. Treasury No. 2 nominee Adeyemo urges get-tough attitude on China
Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, on Tuesday said Washington should work with allies to hold China accountable to international rules to ensure a … (…
U.S. Treasury No. 2 nominee Adeyemo faces questions on China in hearing
U.S. senators are expected to grill Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, about his views on U.S. policy toward China at his confirmation hearing before ……
China’s central bank joins cross-border digital currency pilot
China’s central bank will join a project looking at using central bank digital currencies (CBDC) for cross-border payments, the Bank of International Settlements said on Tuesday. HONG KONG, Feb 23 … ( read original story…
China stocks end lower, losses limited by gains in financials
China stocks closed lower in volatile trading on Tuesday, after a sharp correction the previous session, as worries over policy tightening weighed on sectors with lofty valuations, although losses … ( read original story …)
China’s Overseas Energy Lending Tumbles To Lowest Since 2008
China’s overseas energy financing dropped to the lowest level since 2008 after the pandemic hampered deal-making in developing nations. ( read original story …)
