Cryptocurrencies, online game coins and tipping during live streaming would be considered money laundering in China, according to the highest judicial bodies, marking the first instance of Beijing …
FINANCE
China Says ‘Please Stop Buying Our Bonds’
Plunging bond yields are a symptom of economic weakness that are easier to fix than curing the country’s troubled economy.
China’s central bank conducts 20.9$ billion via reverse repos Tuesday
China central bank conducted 1491 billion yuan US209 billion of seven-day reverse repos at an interest rate of 17 percent TuesdayXinhu …
PwC loses major client Bank of China amid regulatory probe
Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work on troubled property developer …
China’s Finance Ministry to Refinance USD56 Billion This Month in Regular Special Bond Repayment
China’s Ministry of Finance will issue CNY400 billion (USD56 billion) worth of special government bonds on Aug. 29 as part of a standard rolling issuance that has been in place since 2017 to pay off…
China plans ‘bigger, stronger’ social security fund to aid ageing society
China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it “bigger and stronger” to help support its rapidly ageing population as the number of new births and younger …
China holds lending rates steady, focuses on bank stability amid economic slowdown; PBOC signals caution
The decisions reflect a balancing act by China, after PBOC Governor Pan Gongsheng said last … would strike a balance between supporting growth and ensuring the health of financial institutions. That …
China keeps loan prime rate unchanged after surprise cut in July
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support …
China, US enhance links to boost financial stability
[Photo/Sipa] The world’s two largest economies are strengthening financial cooperation through the China-United States Financial Working Group, in order to jointly address the new challenges brought …
China, US to set up contact group for any future ‘financial stress events’
China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s …
China Market Update: Hong Kong Growth Stock Momentum Continues
Asian equity markets were mixed on light news prior to the US Fed’s Jackson Hole meetings as the US dollar fell against Asian currencies and Hong Kong, Thailand, and Malaysia outperformed while Japan …
China, US hold ‘professional, pragmatic, candid and constructive’ talks to ensure financial stability
where the two sides signed a document on enhancing cooperation on financial stability, the People’s Bank of China (PBC), the central bank, said on Monday. Discussions and cooperation between the world …
China Was Supposed To Be The Future. Now It’s A ‘Money Pit’
The golden goose is no longer laying eggs for car companies. Also: EVs continue to outpace the rest of the market, but with a catch.
