The total value of green bonds issued by overseas branches of the Bank of China, one of the country’s big four state-owned lenders, has reached 8.3 billion U.S. dollars since the first batch was ……
FINANCE
Trudeau says Canada will not be cowed by China on human rights
Canadian PM defiant after China’s ambassador to Ottawa, Cong Peiwu, warned against the granting asylum to HK activists. ( read original story …)
Chinese banking regulator fines China Construction Bank $1m for violations
The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) , the country’s second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule … ( read original…
Chinese currency’s sudden surge puts spotlight on central bank
China’s yuan surged past a key technical level, a sign that the central bank may soon be forced to rein in further strength in the currency. ( read original story …)
China’s c.bank unveils changes to laws for commercial banks
China’s central bank issued on Friday a draft of revisions to laws for commercial banks, improving the mechanisms of risk disposal and market exit for lenders, it said, and set a Nov. 16 deadline for…
China’s Central Bank Unveils Changes to Laws for Commercial Banks
China’s central bank issued on Friday a draft of revisions to laws for commercial banks, improving the mechanisms of risk disposal and market exit for lenders, it said, and set a Nov. 16 deadline for…
China supports G20 proposal to extend debt relief to poor countries: PBOC head
China supports a G20 proposal to further extend debt relief to poor countries, the head of its central bank, Yi Gang, told a G20 videoconference on Thursday, according to a statement on the central ……
Behind the Stability in China’s Currency: Beijing’s Hidden Hand
The People’s Bank of China doesn’t appear to be actively intervening in the market. But that may not mean much if China’s state-run commercial banks are intervening on its behalf, writes. ( read original story…
China’s non-financial ODI down 0.6% in Jan-Sept
BEIJING – China’s non-financial outbound direct investment (ODI) went down 0.6 percent year-on-year in the first nine months of the year, official data showed Friday. The ODI amounted to 551.51 … ( read original story…
China is open to taking on more debt if that’s what it takes to support the economy
Covid-19 hit China early this year just as the country was in the early years of attempting to cut its reliance on debt for growth. Total Chinese debt across household, government, financial and … (…
China hits back at US threat of sanctions on int’l financial institutions over Hong Kong
China on Thursday expressed firm opposition to and denunciation of the U.S. side creating the so-called “Hong Kong Autonomy Act,” and sanctioning Chinese personnel based on it, vowing countermeasures … ( read original story …)
China is a critical, but overlooked, component of the 2020 election
Like it or not, the US is going to have to confront China, which believes Western democracy must be destroyed. ( read original story …)
Bank of Japan official downplays fears over China’s digital currency
No single digital currency will dominate global transactions if central banks strive to enhance their own settlement systems, a senior Bank of Japan official said, brushing aside fears China’s rapid … ( read original story…
