China Minsheng Banking ( ($HK:1988) ) has shared an announcement. China Minsheng Banking Corp., Ltd. has announced that non-executive director …
FINANCE
Bell Rings, Drums Roll – 2026 Beijing New Year Countdown Event to Welcome the New Year Across the City
As the world approaches 2026, Beijing will host a citywide celebration rooted in ancient ritual music while reflecting modern vitality. On the evening of December 31, 2025, the Beijing New Year …
China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’
The People’s Bank of China said while it will maintain the exchange rate’s flexibility, it will strengthen efforts to guide expectations and guard against “overshooting risks” for the currency, …
China allocates $634 million in relief funds to support people in need
China’s finance and emergency management ministries recently allocated 4.44 billion yuan ($633.65 million) to support people in need, including those living in disaster-stricken areas, a finance …
China Signals Goal of Slow Yuan Gain Via Fix Well Below Estimate
China set the yuan’s daily reference rate at a level that was below market estimates by a record margin, in the latest sign of policymakers’ intention to slow the currency’s appreciation.
China cracks down on financial dark- and gray- criminal networks involving 30 billion yuan
China’s Ministry of Public Security (MPS) on Thursday announced the results of a large-scale crackdown on dark- and gray- criminal networks in the financial sector involving a total of nearly 30 …
China’s central bank signals steady, cautious support for growth
The statement didn’t mention a reduction in interest rates or to the reserve requirement ratio, which determines how much cash banks must keep in reserves, while the PBOC pledged to make use of …
China’s Yuan Climbs Past 7 Per Dollar as PBOC Caves in to Bulls
The yuan climbed past the psychological milestone of 7 per dollar for the first time since September 2024, on bets China’s central bank will allow gradual currency appreciation to boost market …
China to boost financial support for new western land-sea corridor
China has rolled out a guideline to strengthen financial support for a new western land-sea corridor, pledging to focus on corridor infrastructure development and facilitate cross-border investment, …
Beijing Xunzhong expands bank account freezes amid ongoing litigation
Beijing Xunzhong Communication Technology Co., Ltd. Class H ( ($HK:2597) ) has issued an update. Beijing Xunzhong Communication Technology has …
Exclusive: China’s Zheshang Bank Nominates Former Regulator as President
China Zheshang Bank Co. Ltd. (601916.SH) has nominated former financial regulator Lü Linhua as president, Caixin has learned from people familiar with the matter.
China Jails Former Zhongzhi Executives in Landmark Shadow Banking Ruling
A Beijing court on Tuesday sentenced former Zhongzhi Enterprise Group Chairman Gao Xingshan and other executives to prison terms of up to 14 years, marking a major judicial milestone in the collapse …
Former Zhongzhi Enterprise Group Chairman Sentenced in Major Shadow Banking Case
A court in Beijing sentenced former Zhongzhi Enterprise Group chairman Gao and others to prison for illegal public deposits. In facing up to 14 years in jail, their actions breached national financial …
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