China’s key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather Covid-19-induced downturn … ( read original story …)
FINANCE
China Vows to Strengthen Fiscal Support in Key Areas Like Tech
China will strengthen fiscal support in key areas including food, energy, and technology in order to ensure the country’s economic security, the finance minister said. ( read original story …)
As a leader in development finance, China can help create a green, inclusive recovery
According to new estimates, China now finances overseas development at nearly the same level as the World Bank. With countries currently struggling to combat Covid-19, protect the vulnerable and mount … ( read original story…
China to strengthen financial and tax policies – finance minister
China will strengthen its financial and tax policies to ensure national economic security and ensure fiscal sustainability, Finance Minister Liu Kun said. ( read original story …)
China’s Finance Minister: Will strengthen financial and tax policies
EUR/USD teases a falling channel breakout on the 4-hour chart. The 4-hour chart shows the pair is now hovering above the upper end of the falling channel represented by trendlines connecting Dec. 4 … (…
China to update green finance standards
China will provide easier access for international investors to the domestic green finance market with an updating of domestic green finance standards and strengthening of international cooperation, … ( read original story …)
Deutsche Bank secures China fund custody licence
Deutsche Bank’s China business has received a domestic fund custody licence from the China Securities Regulatory Commission, the bank said on Thursday, showing how international financial services … ( read original story …)
China stocks firm as lending data beats estimates; Hong Kong slips
HK daily quota used 1.8% * FTSE China A50 +0.3% SHANGHAI, Dec 10 (Reuters) – Chinese shares rose on Thursday, driven by gains in consumer and healthcare firms, as better than expected bank lending ……
China banking on new development plans to improve ties with US: envoy
China’s new development stage of building an open economy with higher standards and better quality will provide fresh driving force for China-US relations, said Chinese ambassador to the United States … ( read original story…
Paulson notes China’s rise in global finance
But mainland China will be an increasingly formidable challenger in financial services in the next few years,” Paulson wrote in an op-ed published on The Wall Street Journal website Wednesday. Paulson … ( read original…
World’s Biggest Investors Split China Bets From Emerging Markets
The widening economic gulf between China and other emerging markets is prompting some of the world’s largest investors to change how they allocate money to the asset class. ( read original story …)
China’s central bank conducts 10 billion yuan of reverse repos
China’s central bank on Thursday conducted 10 billion yuan (about 1.53 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the … ( read original…
China’s Spoiled Rich Kids Learn to Avoid the Wrath of Xi Jinping
As inequality grows, the second generation of China’s ultra-rich class wants to avoid becoming a target. Over the years, China’s rich kids have become synonymous with obscene displays of wealth: … ( read original story…
