BEIJING, April 4 (Reuters) – China will safeguard yuan and financial stability, central bank governor Yi Gang told a financial forum on Tuesday, according to a statement from the bank. (Reporting by …
FINANCE
PM reportedly issued invitation to visit Beijing – as it happened
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China property recovery will be slow and unevenly distributed amid income insecurity, distrust of debt-laden developers
one of China’s key real estate brokers. However, March sales increased between 50 and 100 per cent year on year among state-owned enterprises and developers that are in solid financial shape, while …
Foreign cash streaming back to China after Alibaba’s plans
Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to …
Xi’s China can’t replace the US as a financial superpower
For years China has been lending money hand over fist (with very little transparency or, it would appear, due diligence) to developing countries in the “global south”. The financing of so-called “belt …
China’s entrepreneurs, bankers more optimistic about macroeconomy: central bank
Chinese entrepreneurs and bankers expressed growing optimism over the country’s macroeconomy in the first quarter of this year, the latest central bank surveys showed Monday. The entrepreneurs’ …
China’s financial crackdown: Here are the most prominent bankers ensnared
At least 20 financial executives have been probed or penalised since late February. Read more at straitstimes.com.
China’s Neighbors Are Eyeing Up Yuan as Banking Worries Spread
The GOP is taking notes. Argument: China’s Neighbors Are Eyeing Up Yuan as Banking Worries Spread Create an FP account to save articles to read later and in the FP mobile app. Sign Up ALREADY…
China’s yuan makes Brazilian inroads, as ‘de-dollarisation reflects cracks’ in US currency settlements
Its overseas expansion is curtailed by the fact that it is less convertible than the US dollar or euro, and as China imposes strict capital controls to counter the shock of international financial …
Here Are the Most Prominent Bankers Ensnared in China Crackdown
The recent probe into the former chairman at China’s fourth-largest bank, an announcement of inspections of several state-owned enterprises and the disappearance of star banker Bao Fan all suggest …
China Renaissance suspends trading, delays results after founder’s disappearance
He is among the most senior financial executives targeted in a broader financial crackdown by President Xi Jinping. In January, Wang Bin, former party chief and chairman of China Life Insurance, was …
China Expands Finance Industry Probe to Include Former Bank of China Chairman
Officials from the finance watchdog China Banking and Insurance Regulatory Commission and the anti-corruption body Central Commission for Discipline Inspection called in top executives from at least …
The must-have accessory for global finance chief execs? A first class flight to Beijing
A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President …