The renminbi’s 1.9 per cent fall last week was its second-biggest weekly decline, trailing only mid-August 2015, when the People’s Bank of China shocked global markets by announcing a sudden policy change that unleased a…
FINANCE
Asian shares rally on China rebound; trade worries linger
After falling to fresh two-year lows on Thursday, shares in China rebounded Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors…
China commerce minister says will significantly widen market access
Zhong said economic globalisation is an irreversible trend and that China will continue to defend the global multilateral trading system. Beijing on Thursday unveiled a long-anticipated easing of foreign investment curbs on sectors including banking…
China regulators free up extra US$100B for bank lending
BEIJING—Chinese regulators have freed up an extra US$100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction on Sunday in reserves banks…
China’s central bank has its eye on the bigger picture as it allows market forces to dictate speed of yuan declines
There are signs China’s central bank is letting market forces dictate the speed of recent declines in the yuan amid the ongoing US-Sino trade tensions, indicating that the exchange rate policy may be gradually shifting…
China: Banking Authority Considers Cryptocurrency Regulations while Venture Fund Announces $90 Million Worth ETH Investment for U.S. Market
A Chinese report hinted at the country’s government considering forming regulations for Initial Coin Offerings (ICOs). Meanwhile, a China-headquartered venture fund announced a massive 200,000 ether (ETH) budget for investing in U.S.-based blockchain and ……
China backs $15bn tech fund to compete with Japan’s SoftBank
China Merchants Fund, to set up one of six funds to participate in tech IPOs as cornerstone investors. The group’s financial arm is active in the Chinese tech sector, recently securing a role as one…
Washington and its allies need to contain Beijing
Now, Beijing has rebuffed Washington’s efforts to engage on the issue. President Xi Jinping told US defence secretary Jim Mattis in Beijing last week that China would not yield “one inch” of the crucial waterway…
China central bank issues guidelines on boosting support for small firms
BEIJING (Reuters) – China’s central bank on Monday issued guidelines for increasing financial support for smaller companies, including expanding financing channels for them, improving the business environment and implementing favorable tax policies. ( read original…
Expat banking woes in Beijing
If there is one tip I need to give to newbie expats in China, it would be “avoid going to a bank as much as possible.” It is too much of a hassle and a…
China set to tackle overseas investment risk
Two risk metaphors have been a leitmotif of China’s financial governance since the change of leadership in 2017, Black Swans and Grey Rhinos. Black swans are improbable unforeseen risks that arise from the blue. Grey…
China’s move to ease foreign investment curbs leaves trade experts unimpressed
China on Thursday eased restrictions on foreign investment in sectors ranging from agriculture to banking, as Beijing and Washington continue to spar in a widening trade dispute. The move is seen as only a small…
China to abolish foreign ownership caps in finance in 2021
BEIJING — China released its latest list of areas off limits to foreign investment on Thursday, cutting the number of restrictions to 48 from 63 as it opens more markets, most notably in finance. The…
