The Australian government is seeking clarification from Beijing on reports that China has suspended purchases of Australian coal amid heightened diplomatic tensions between the two countries.Chinese p … ( read original story …)
FINANCE
Hong Kong leader postpones annual policy address until after Beijing talks
Hong Kong Chief Executive Carrie Lam has postponed her annual policy address scheduled for Wednesday in order to go to Beijing for talks on how the central government can help with the financial hub’s ……
China Development Bank pledges financing for sustainable poverty alleviation efforts
(Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, has established a loan issuance plan to promote relocation programs under the country’s poverty relief efforts. The … ( read original story…
Hedge Funds, China Should Give More Debt Relief, World Bank Says
The Group of 20 nations should extend debt relief to the poorest nations through the end of next year, and hedge funds and China should participate more in the efforts, World Bank President David ……
China’s central bank urges faster digital yuan roll-out as other countries begin tests
Comments come as other major central banks have made inroads on the development of their own sovereign digital currencies, and as China looks to protect itself amid geopolitical tensions with the … ( read original…
China’s central bank signaling it’s ‘unhappy’ with pace of yuan appreciation, says analyst
Rohit Garg, director at Bank of America Merrill Lynch, explains the possible reasons why China’s central bank changed rules that made it cheaper for traders to short the currency. ( read original story …)
Hong Kong leader Carrie Lam postpones annual policy address until after trip to Beijing
Hong Kong Chief Executive Carrie Lam said on Monday she will postpone her annual policy address, initially scheduled for Wednesday, to first hold a trip to Beijing to discuss China’s support for the … (…
China moves to curb yuan strength, making it cheaper to bet against the currency
China’s central bank moved to change a rule that means traders will find it cheaper to short the yuan, triggering some weakness in the currency on Monday after months of strengthening. ( read original story…
Worsening Sino-U.S. ties huge risk to China’s financial network – PBOC vice head
U.S. relations present huge risks to technology supply chain security for China’s financial network, Fan Yifei, a central bank vice governor said on Monday, according to China Finance, a magazine run … ( read original…
China’s Central Bank Sets Yuan Fixing Weaker Than Estimated
China’s central bank set its daily yuan fixing slightly weaker than analysts expected after officials earlier acted to restrain the currency’s rally. ( read original story …)
China adopts normal monetary policy as long as possible
By keeping its monetary policy prudent and within a normal range, China has been one of the few major economies in the world adopting normal monetary policy, China’s central bank governor said. ( read original…
China won’t follow west by easing monetary policy – PBOC
An article published by China Finance magazine on Saturday quoted the People’s Bank of China Governor Yi Gang as saying that the central bank won’t employ larges-scale monetary lo … ( read original story …)
China’s Crackdown on Hong Kong Could Help Japan Become Finance Hub
China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice … (…
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