China’s biggest state-owned lenders reported higher first-half profits as stabilizing net interest margins offered respite after years of earnings pressure from property debt risks and sluggish credit …
FINANCE
China triples its e-CNY network in 2026 as 8 more banks join the CBDC push this week
The People’s Bank of China (PBOC) added 20 new operators this year across two rounds of expansions, including eight additions this week.
China pledges greater fiscal support in H2
The pledge came as China’s general public budget expenditure reached 16.29 trillion yuan ($2.4 trillion) in the first seven months, up 1.3% year-on-year, according to data from China’s Ministry of …
China should be loosening budgetary policy. It’s doing the opposite
China’s government is cautious about taking on additional fiscal obligations that will only grow as the population ages. To balance the economy, it will instead rely on a modernised tax system and the …
Asian Infrastructure Investment Bank Opens in Beijing
The new Asian Infrastructure Investment Bank, backed by China as a potential rival to the World Bank and other international lenders, opened Saturday in Beijing. The 57 member nations have contributed …
Bank of Beijing Stock: Quiet Chart, Loud Questions About China’s Financial Nerve Center
Bank of Beijing’s stock has barely moved in recent sessions, but beneath the flat price action lies a complex story of policy pressure, muted growth expectations, and cautious optimism. With limited …
Without China’s Cooperation, Iran Will Not Face An Economic D-Day
The US is imposing more sanctions on Iran, but without cooperation from China, these sanctions will hurt Iran’s economy but won’t dismantle the regime.
China pushes back on Bessent’s ‘economic D-Day’
China is pushing back after Washington moved to tighten the financial screws on Iran, as well as anyone who does business with it. Beijing said on Tuesday that it’s firmly against the US plan to…
China seeks to revise banking regulation law to strengthen consumer protection
BEIJING — Chinese lawmakers on Tuesday began the second reading of a draft revision to the banking supervision and regulation law, which aims to better protect consumers’ rights and interests.
China’s biggest apps are inviting the West closer into its insular internet economy
WeChat Pay is integrating PayPal, and Bilibili launched an international app, signaling that China is opening up its insular internet economy.
Economic buzz: China’s central bank to conduct overnight reverse repos to manage short-term liquidity
Mumbai, Aug. 25 — The People’s Bank of China (PBOC) announced on Monday that it will conduct overnight reverse repo operations from Aug. 27 to Sept. 1 to better meet the short-term liquidity …
China’s Central Bank Shifts to Cutting Medium-Term, Boosting Short-Term Liquidity
(Yicai) Aug. 25 — The People’s Bank of China, the country’s central bank, is moderately withdrawing medium-term liquidity while ramping up short-term tools to offset month-end shortfalls.
Hang Seng Bank doubles down on wealth hubs despite Beijing’s tighter investment scrutiny
Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients Hang Seng Bank says it continues to invest in its wealth centre network to capture growing …
