China’s imports of key energy commodities from Russia surged to all-time highs last month, highlighting the growing interdependence of the two nations as the war in Ukraine drags on well into its …
FINANCE
China’s central bank facilitates cross-border financing by enterprises in a bid to strengthen the yuan
The macro-prudent parameter, a multiplier that decides the upper limit of outstanding cross-border financing an institution can have, will be set at 1.5 starting on Thursday, up from 1.25 previously, …
John Kerry’s attempt to partner with China on climate change is a fool’s errand
There is a belief among some in Washington that the United States can deter communist China from invading Taiwan, hold the Chinese Communist Party accountable for human rights abuses, and protect its …
China’s Tax Haul Swells 16.5% in First Half, Far Outstripping Pace of Economic Growth
During the first half, China’s general public budget expenditure advanced 3.9 percent year on year to CNY13.3 trillion (USD1.8 trillion). The majority of this went on supporting people’s basic …
Douyin Denies China’s TikTok Has Applied for Fund Sales License, Report Says
(Yicai Global) July 19 — ByteDance’s Douyin, the Chinese version of TikTok, denied that it has applied for a license to sell funds or carried out tests with fund companies, Shanghai Securities News …
China Doubles Size of August’s Sovereign Yuan Bond Issuance in Hong Kong to USD1.7 Billion
(Yicai Global) July 20 — China’s Ministry of Finance is doubling the size of its second bond issuance this year in the Hong Kong Special Administrative Region, which is due to be released next month,…
China’s digital yuan nears $250B transaction volume: Central bank governor
China’s CBDC, the digital yuan (e-CNY), has processed nearly $250 billion worth of transactions according to the country’s central bank governor Yi Gang, a more than a 70% increase from August last …
Exclusive-China’s State Banks Seen Selling Dollars Offshore to Slow Yuan Declines – Sources
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two people with direct knowledge of the matter …
UPDATE 1-China c.bank eases cross-border financing rule to temper yuan weakness
China’s central bank and foreign exchange regulator on Thursday announced a relaxing of a cross-border financing rule, making it easier for domestic firms to raise funds from overseas markets and …
China’s ODI rises
China’s non-financial outbound direct investment (ODI) rose 22.7 percent year-on-year to 431.61 billion yuan in the first half of 2023, according to data from the Ministry of Commerce published on …
China eases limit for foreign debt
The People’s Bank of China, the country’s central bank, and the State Administration of Foreign Exchange announced in a joint statement on Thursday the intention to raise the parameter, which allows …
China Ramps Up Yuan Support With Fixing, Borrowing Measure Tweak
The yuan surged after China stepped up its support for the managed currency with a stronger-than-expected reference rate and a change to its capital curbs to lure inflows.
Aussie surges after strong jobs data; China’s yuan jumps
The Australian dollar surged on Thursday after the country’s employment data came in way above expectations, while the yuan marched higher after China moved to stem its currency’s decline by relaxing …
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