Four current and former senior executives of China’s state-owned enterprises in sectors including finance and energy have been placed under investigation for alleged corruption. They are Zuo Zuqing, …
FINANCE
Hong Kong signs agreement with People’s Bank of China to enhance Faster Payment System
The Hong Kong Monetary Authority (HKMA) has signed an agreement with the Chinese central bank to promote cross-border linkages for the Faster Payment System (FPS), creating a framework for …
Former Global Times top editor Hu Xijin goes dark on social media after now-deleted article on China’s economic strategy
At the heart of the matter is a now-deleted article by Mr Hu, weighing in on the outcomes of the recent third plenum. He had written that the omission of a phrase long enshrining the…
China Rejects $1 Trillion Housing Rescue Plan Proposed by IMF
In its annual review of the world’s second-largest economy published Friday, the IMF urged China to use “one-off” fiscal resources …
China’s government bonds extend record run driven by a safe asset shortage, rate cut hopes
The yield on 10-year Chinese government bonds dropped to a record low of 2.124 per cent, as the country’s lower-than-expected economic growth in the second quarter and a protracted property crisis …
Saudi Fund’s Multibillion-Dollar Bank Deals Deepen China Pivot
Saudi Arabia’s wealth fund signed preliminary agreements worth as much as $50 billion with six Chinese financial institutions, in the latest example of the kingdom’s deepening ties with Beijing …
China pledges not to use nuclear weapons first, but is expanding its arsenal
China has begun ramping up diplomatic pressure on the US concerning nuclear issues, while simultaneously strengthening its own nuclear capabilities, according to the Financial Times. Beijing, the only …
China pledges not to use nuclear weapons first, but is expanding its arsenal
China has begun ramping up diplomatic pressure on the US concerning nuclear issues, while simultaneously strengthening its own nuclear capabilities, according to the Financial Times. Beijing, the only …
China to power modernization drive through financial sector reform: official
China will make further efforts to deepen the reform of its financial sector aiming to support the country modernization endeavors a Central Finance …
China’s finance ministry imposes first-ever restrictions on overseas accounting firm
BEIJING, Aug. 2 (Xinhua) — The Ministry of Finance on Friday announced its decision to impose penalties on one accountant and an overseas accounting firm over business violations.
China Jo-Jo Drugstores Full Year 2024 Earnings: US$2.93 loss per share (vs US$41.46 loss in FY 2023)
US$4.23m (loss narrowed by 80% from FY 2023). US$2.93 loss per share (improved from US$41.46 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period The…
Has Global Times former editor Hu Xijin been gagged on social media after article on China’s economic strategy?
At the heart of the matter is a now-deleted article by Mr Hu, weighing in on the outcomes of the recent third plenum. He had written that the omission of a phrase long enshrining the…
Beijing Letter: Chinese comedy about ‘manipulation’ of child taps into wider sociological issues
But a new survey conducted by the China Institute for Educational Finance Research at Peking University found that the spending gap on education between wealthy families and others has widened since …
