China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
FINANCE
China’s US$1.35 trillion sovereign wealth fund CIC invests in Middle East via US$1 billion fund with Investcorp
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
Blinken arrives in Beijing to hold talks with senior Chinese officials
US Secretary of State Antony Blinken arrived in Beijing on Thursday for talks with senior Chinese officials, according to a correspondent from Agence France-Presse. Beijing has not announced any …
Electric cars and digital connectivity dominate at Beijing auto show
Global automakers and EV startups unveiled new models and concept cars at China’s largest auto show on Thursday, with a focus on the nation’s transformation into a major market and production base for …
China’s central bank drops hints at future bond trades, answering calls for muscular monetary action
The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the …
China’s Capital Flight Could Fuel Bitcoin’s Next Rally
Chinese FX outflows, often underreported officially, are fueling a surge in Bitcoin prices, echoing patterns observed in previous years.
China central bank ex-chairman admits to taking bribes
BEIJING: The former head of China’s central bank admitted he was guilty of corruption during a trial on Wednesday (April 24), state media reported, the latest development in a lengthy crackdown on …
Xi Wants a Central Bank That Looks a Lot Like the Fed
Great powers need formidable central banks and remarks from Xi Jinping suggest he considers China’s financial machinery is not quite up to scratch. The president sounds like he’s looking to give the …
China Approves Self-Driving Startup’s U.S. Listing Amid Signs of Easing Rules
China’s securities regulator gave self-driving startup Pony.ai the nod to list in the U.S., in a sign that Beijing’s grip on companies seeking to raise capital overseas may be easing.
China’s Credit Yields Drop to Record Lows on Bond Bull Run
China’s local credit yields have fallen to the lowest level ever as investors load up on corporate bonds to boost returns in a financial system awash in liquidity.
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
The private bank is expanding overseas as China’s rich are looking to diversify their wealth. Read more at straitstimes.com.
US Mulls Sanctions On Beijing Banks For Alleged Role In Putin’s War In Ukraine: ‘China Can’t Have It Both Ways,’ Blinken Says
China “can’t purport to want to have positive friendly relations with countries in Europe… and at the same time be fueling the biggest threat to European security since the end of the Cold War,” …
UPDATE 1-China’s c.bank hints it may add treasury bond trades to policy toolkit
A senior Chinese central bank official suggested on Tuesday that the bank’s buying and selling of treasury bonds in the secondary market could be used for liquidity management and as a monetary policy …
