Former Bank of China executive says increasing yuan use ‘increasingly urgent and important strategic issue’ given possible US move to curb dollar access. ( read original story …)
FINANCE
China Gives Shenzhen Greater Autonomy to Attract Investment
China announced measures that will grant its southern boomtown Shenzhen more autonomy as Beijing seeks to raise the profile of the region as a tech and financial hub amid tensions with the U.S. ( read…
China’s local govt bond issuance hits 720.5b yuan in September
China’s local government bond issuance reached 720.5 billion yuan ($107 billion) in September, data from the Ministry of Finance showed. The figure took the total local government bond issuance for … ( read original story…
China As Climate Change Savior: The Triumph Of Hope Over Experience?
President Xi Jinping recently told the UN that China aims for carbon neutrality by 2060. But the Chinese government, like its counterparts in India and other developing countries, knows that forsaking … ( read original…
Beijing claims ‘consensus’ reached on joint exploration
The Chinese government said it had reached a consensus with the Philippines on the conduct of joint exploration of resources in the South China Sea. ( read original story …)
Export-Import Bank Pres. Reed, NSA O’Brien: Battling China’s predatory economics to bring back jobs
Import Bank of China, and the Chinese state-owned provider of export credit insurance, Sinosure, together arm Chinese exporters with what amounts to an endless supply of capital, against which U.S. ( read original story …)
Overseas green bond issuance by Bank of China reaches 8.3 bln USD
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 ……
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 ……
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