In this round-up, consumer inflation in China turns positive in December, Beijing announces rules to protect Chinese companies from sanctions of foreign governments, and the banking and insurance … ( read original story …)
FINANCE
China stocks end lower on Sino-U.S. tensions, fresh virus cases
U.S. tensions continued to weigh on the market, while a jump in new domestic COVID-19 cases also dampened sentiment. ( read original story …)
China’s banking regulator hands out year’s first penalties
China’s top banking and insurance regulator has slapped fines totaling almost 200 million yuan (about 30.9 million U.S. dollars) on institutions and individuals in its first crackdown on financial … ( read original story …)
Breakingviews – Becoming a bank would shrink but not squash Ant
Becoming a bank will shrink Ant. Regulators are set to treat Jack Ma’s financial group more like a regular Chinese lender. Though it has enough capital to support its existing online credit business, … (…
China Pushes Back Against U.S. Sanctions With New Rules
China continued its pushback against U.S. sanctions, issuing new rules to protect its firms from “unjustified” foreign laws and allowing Chinese courts to punish global companies for complying with … ( read original story …)
China’s financial paradox: rescue or reform?
China’s financial system is a paradox. Reform demands that the authorities relax their grip on banks and capital flows. But if they do, it could trigger the debt crisis the country has so far avoided.…
China and the chaos theory of finance
Will China have a financial crisis? And if so, would Chinese people be any worse off? The answers are not found in the country’s rapidly rising levels of debt, but in the potential for chaos…
China central bank will prioritise monetary policy stability in 2021
China will prioritise stability in monetary policy in 2021, and any steps to exit stimulus measures will have a small impact on the economy, the Xinhua news agency on Friday quoted central bank … (…
China central bank will prioritise monetary policy stability in 2021 – Xinhua
China will prioritise stability in monetary policy in 2021, and any steps to exit stimulus measures will have a small impact on the economy, the Xinhua news agency on Friday quoted central bank … (…
China must urgently address financial risks, IMF warns
China urgently needs to take steps to contain financial stability risks as the economy’s recovery takes hold, according to t. Virus relief measures … ( read original story …)
China Urgently Needs to Contain Financial Risks, IMF Says
China urgently needs to take steps to contain financial stability risks as the economy’s recovery takes hold, according to the International Monetary Fund. ( read original story …)
China GDP: IMF cuts 2021 growth forecast citing US tech decoupling, domestic debt, Hong Kong risks
China’s economy is still set to lead the world in growth terms in 2021, but the influential Washington agency has trimmed back its forecast. ( read original story …)
China Central Bank Will Prioritize Monetary Policy Stability in 2021 -Xinhua
China will prioritize monetary policy stability in 2021, Xinhua news agency on Friday quoted central bank governor Yi Gang as saying. The central bank will use various policy tools to keep liquidity … ( read…
