China’s State Council has approved 11 nuclear reactors across five sites in the provinces of Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi. With a total investment of 220bn yuan ($31bn), …
FINANCE
China opens anti-subsidy probe into EU dairy imports in push back against EV tariffs
China opened an anti-subsidy probe into imported dairy products from the European Union on Wednesday, stepping up tension with the bloc a day after Brussels released its revised draft decision to …
China’s National Development Bank issues $1.7 billion of green bonds
Photo/VCG] BEIJING – China’s National Development Bank (NDB), a key policy bank, has successfully released 12 billion yuan ($1.7 billion) in the form of three-year green financia …
China’s central bank conducts $36.18 billion via reverse repos
China central bank conducted 258 billion yuan US3618 billion of seven-day reverse repos at an interest rate of 17 percent WednesdayXinh …
China In Eurasia Briefing: The Power of Siberia-2 Pipeline Hits A Snag In Mongolia
Plus: Li Qiang goes to Russia and Belarus, Kazakhstan’s nuclear energy bid, Tajikistan’s China debt, Azerbaijan asks to join BRICS, and more.
China’s $70bn property rescue plan limps off starting line
Beijing unveiled a plan in May for the People’s Bank of China and state banks to mobilise up to Rmb500bn ($70bn) in lending to support local government enterprises to buy up unsold property. Local …
China lending at 15-year low as central bank holds rates
The People’s Bank of China held the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. The two key interest rates were each cut by 10 basis points in July.
Beijing court reports nearly 90% of securities crimes involve insider trading
Nearly 90 percent of securities criminal cases in Beijing involve insider trading or the leakage of insider information, with most offenders being well-educated or holding high-level positions in …
China Market Update: XPeng, Vipshop, And Kuaishou Report Financial Results
Asian equities had a strong day except for Hong Kong and Mainland China, which experienced light volumes and profit-taking following recent outperformance.
China targets cryptocurrencies, online game coins in intensified money-laundering crackdown
Cryptocurrencies, online game coins and tipping during live streaming would be considered money laundering in China, according to the highest judicial bodies, marking the first instance of Beijing …
China Says ‘Please Stop Buying Our Bonds’
Plunging bond yields are a symptom of economic weakness that are easier to fix than curing the country’s troubled economy.
China’s central bank conducts 20.9$ 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 …
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