By Yantoultra Ngui and Kane Wu SINGAPORE, March 17 (Reuters) – JPMorgan Chase has hired Yi Zhang from Goldman Sachs as co-head of China investment banking, in the latest of a series of new hires…
FINANCE
China’s Financial Power Strategy Opens New Prospects for Kazakhstan
Ahead of its 15th Five-Year Plan, China has completed a structural shift in its financial system, moving from rapid expansion of banking assets to a strategy aimed at becoming a financial power.
Chinese banks boost loans to tech sector as Beijing ramps up AI push
March 13 (Reuters) – Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing’s pledge to aggressively adopt artificial intelligence …
Amid OpenClaw frenzy, China’s central bank adds to cybersecurity warnings
People’s Bank of China says deployment of AI in financial sector should be ‘proactive yet prudent, safe and orderly’ China’s central bank has called for heightened cybersecurity awareness and caution …
China’s financial institutions, regulators draw line on OpenClaw as AI frenzy spreads
The automated agent requires unusually high levels of access to user devices, raising security concerns A wave of caution is sweeping through China’s financial and state institutions over OpenClaw, …
China’s financial superpower ambitions get legal backing at ‘two sessions’
Two new laws may prove wide-ranging, spanning yuan’s global status to green finance and turning ambition into codified rules, analyst says China will develop a new financial law and a dedicated …
Beijing’s dominance in rare earth processing leaves others scrambling to close the gap: ‘China is the leader, and the U.S. is far behind’
China accounts for roughly 70% of global rare earth production, but it is the country’s dominance in processing that gives Beijing real leverage.
For China, Billions of Dollars Are at Risk From a Widening War
The country found a home in the Middle East for its investments and growing markets for steel, electric vehicles and solar panels. Those are now at stake.
China to push $44bn into state banks to boost tech financing
China said on Thursday it would inject 300-billion yuan ($44bn) into state-owned banks this year to guard against systemic risks, and boost financing for technology companies amid intensifying US …
Hong Kong ‘more than China’s financial testing ground’, Paul Chan says
Finance chief says Hong Kong is driving country’s development, calls on city to ‘get empowered’ by AI Hong Kong is not merely China’s testing ground but also a key driver of the country’s development, …
China Plans $44 Billion Bonds to Boost Capital at Top Banks
China will issue special sovereign bonds to recapitalize some of its largest banks, marking an expansion of Beijing’s efforts to fortify the nation’s $69 trillion financial system against a cooling …
Hong Kong Is Beijing’s New ‘Vanguard’ in the Contest for Financial Sovereignty
Beijing is formally repositioning Hong Kong from a neutral intermediary between Chinese and global capital into a “vanguard” of the state’s financial security architecture.
China’s central bank vows flexible, efficient cuts in reserve ratio, rates in 2026
BEIJING, March 6 (Reuters) – China will flexibly and efficiently use monetary policy tools such as cuts to the reserve requirement ratio (RRR) and interest rates this year, and curb “involution-style” …
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