China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country’s biggest lenders have invested in Beijing’s third and largest semiconductor …
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Report: China sets up $47.5B fund to boost its semiconductor sector
China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector.
Solve China’s ‘overcapacity problem’ by helping developing nations go green, central bank adviser urges
Beijing should take a page from the US’ old foreign-aid initiative known as the Marshall Plan, according to a central bank adviser. Huang Yiping, a member of the Monetary Policy Committee of the …
China unveils plan to keep officials’ noses clean in campaign to control financial risk
During a meeting of China’s Politburo, plans are reviewed for ensuring accountability and propriety among officials carrying out the country’s campaign against financial risk.
China’s Push to Defuse Financial Risks & Revive Property Sector
China’s leaders emphasized the importance of preventing and defusing financial risks, linking them to national security. Given the property market’s drastic valuation drops, measures have been taken …
China Creates $47.5 Billion Chip Fund to Fuel Self-Resilience
China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US …
China sets up third fund with $47.5 bln to boost semiconductor sector
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a …
China sets up $47.5 billion state fund to boost semiconductor industry
China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s semiconductor industry. The third phase of its national …
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury bond market after a …
China enhances Swap Connect in further financial opening-up
In a bid to further promote the coordinated development of financial derivative markets in both the Chinese mainland and the HKSAR, the People’s Bank of China, the Securities and Futures Commission of …
China’s middle class still jittery about spending – especially on property, survey finds
Index of household spending expectation is even lower than the early days of the Covid-19 pandemic, researchers say in quarterly report.
China’s looming economic stagnation echoes Japan’s lost decade
Economists cited by the American weekly Newsweek assess that the Chinese economy may enter a period of prolonged stagnation. In their opinion, China’s collapse in the real estate market and …
G7 finance summit kicks off seeking unity on Ukraine, China
Finance chiefs from the Group of Seven industrial democracies began a two-day meeting in Italy on Friday seeking to present a common front on the need to provide a loan to Ukraine and oppose China’s…
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