As per the PTI reports, media reports indicate that their visit, spanning three days, involves meetings with several Chinese officials, including Pan Gongsheng, Governor of the People’s Bank of China …
FINANCE
China’s banking sector faces deepening crisis amid economic slowdown
As China’s economic growth slows and its financial system shows signs of strain, the country’s banking sector emerges as a potential flashpoint that could threaten not only domestic stability but also global economic health.
China Bank unit sees another banner year; H1 earnings up
The thrift banking arm of Sy family-led China Banking Corp. is seeing another banner year after its earnings in the first semester grew by 18 percent to P1 billion on the back of its expanding…
China Bank Savings nets P1 billion in first half
The thrift banking arm of Sy-led China Banking Corp. saw its net income jump by 18 percent to P1 billion in the first half from P849 million in the same period a year ago, on…
China Market Update: Consumption Support Finally Arrives As Large Item Subsidies Benefit JD.com, Week In Review
Asian equities ended a rough week largely higher, except for Taiwan, which reopened to a -3% drop after being closed for two days for Typhoon Gaemi.
How China’s move to cap salaries is redefining finance’s role in society
The measure shows the central government sees finance as a support mechanism for the real economy, not a stand-alone profit centre.
China boosts financing support for smaller innovative tech companies
China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage more funding for …
As China’s economy spirals, the Communist Party tightens its grip
After unsuccessful attempts to revive the economy, the signs are that Xi is pivoting towards a deeper planned economy to solve these problems.
Interview: China to accelerate building a fiscal system compatible with Chinese modernization: finance minister
China will deepen reform of the fiscal and tax system and accelerate the building of a fiscal system compatible with Chinese modernization Finance Mi …
China Boosts Support for Tech SMEs with National Financing Guarantee Fund
China’s finance ministry announced an enhancement to its national financing guarantee fund to support small and medium-sized technology enterprises. The move seeks to foster innovation and …
Pakistan ministers in China, plead for debt relief
During a visit to China, Pakistan finance minister Muhammad Aurangzeb met with Chinese counterpart Lan Fo’an to seek relief from Pakistan’s power sector debts. The Pakistani delegation requested an …
China drives Asia’s venture capital market with 6 of the top 10 quarterly deals: KPMG
A total of 2,155 venture-capital deals worth US$17.4 billion were finalised in the Asia-Pacific region in the year’s second quarter, according to a KPMG report.
China to Issue USD41.5 Billion in Bonds for Gear Upgrades, Consumer Goods Trade-Ins
(Yicai) July 26 — China will allocate CNY300 billion (USD41.5 billion) in ultra-long special treasury bonds for large-scale equipment upgrades and trade-in of consumer goods to boost domestic demand.
