Beijing is not seeking to replace existing currencies with its digital yuan, ex-PBOC governor Zhou Xiaochuan tells Shanghai forum. ( read original story …)
FINANCE
Japan is waking up to the true value of having a top financial centre – when will China?
The launch of FinCity.Tokyo is a sign that Japan realises a financial centre is a means to better deploy national wealth, such as its household savings, the largest in the world. China can take a…
Bank of China Closes Account of Detained H.K. Activist: SCMP
Bank of China closed the account of Tang Kai-yin, one of 12 Hong Kong fugitives detained on the mainland, the South China Morning Post reported, citing his family. ( read original story …)
Protests against China’s banking system increase
Consumer complaints against China’s banking industry increased 26.5 percent quarter on quarter in the July-September period of this year, with 85,097 cases got by the China Banking and Insurance … ( read original story …)
Deutsche Bank (DB) Gets Fund Custody License in China From Regulators
W ith China liberalizing its mutual funds sector wider for global firms, Deutsche Bank DB recently received a domestic fund custody license from Chinese regulators. On completion of the relevant … ( read original story…
China-Australia trade war: Canberra is now Beijing’s whipping boy
First, it was barley. Then beef and coal. Now it’s lobster, timber and wine. Australia faces a stark choice in its economic showdown with China: Bend the knee, or else. ( read original story …)
China bank loans rise more than expected in November, credit growth eases – Reuters poll
China’s new bank loans rose more than expected in November while broad credit growth eased, as the central bank maintained a accommodative stance amid the global pandemic. ( read original story …)
Complaints against China’s banking sector rise in Q3
Consumer complaints against China’s banking sector rose 26.5 percent quarter on quarter in the July-September period of this year, with 85,097 cases received by the China Banking and Insurance … ( read original story …)
Fiscal support to lift China’s growth efforts
Finance Minister says policies to boost R&D investment and tech innovation China will step up fiscal policy support to the new economic development pattern by being largely reliant on expanding … ( read original story…
Finance Capitals Imperiled by Threats Beyond Working From Home
As global finance leaders take a fresh look this year at the hubs that have long been their homes, they’re increasingly seeing high costs and political chaos. ( read original story …)
China’s Policy Banks Are Lending Differently, Not Less
How Chinese policy and commercial banks are behaving operationally in their foreign lending activities is shifting, but not necessarily diminishing. ( read original story …)
Investors Are Learning to Live With China’s Corporate Defaults
China’s authorities are increasingly spreading the message: you should get what you pay for when it comes to corporate bonds. ( read original story …)
China to step up fiscal support for new economic strategy
China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said. ( read original story …)
