China’s financial landscape is witnessing a dramatic reshuffle, with the People’s Bank of China (PBoC) subtly retreating into the shadows. This change marks a significant shift from the once-dominant …
FINANCE
China’s 2022 government procurement falls 3.9%
BEIJING — The scale of China’s government procurement registered a decline in 2022, down 3.9 percent year-on-year, the Ministry of Finance said on Monday. Nationwide government procurement fell to …
China allocates additional funds to support quake-hit regions
The Chinese government on Monday allocated an additional 400 million yuan (about 56.33 million U.S. dollars) to support disaster-relief efforts in the provinces of Gansu and Qinghai after a …
China’s 2022 government procurement falls 3.9 pct
BEIJING, Dec. 25 (Xinhua) — The scale of China’s government procurement registered a decline in 2022, down 3.9 percent year on year, the Ministry of Finance said on Monday. Nationwide government …
China sidelines its once venerated central bank
Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. The influence of China’s once-powerful central bank has diminished as Beijing steps up a drive to …
China Minsheng Bank injects inclusive loans to small businesses
BEIJING, Dec. 24 (Xinhua) — China Minsheng Bank saw the balance of its inclusive loans to small businesses exceed 700 billion yuan (98.59 billion U.S. dollars) at the end of September. Since 2008, …
Kenya pins rail hopes on PPP funding from China firms for belt and road project
We cannot borrow any more’ says Kenyan leader William Ruto, as he seeks to get strategically important railway back on track.
China’s banking institution risks generally under control: central bank
BEIJING, Dec. 22 (Xinhua) — Banking institutions in China have maintained sound operations with risks generally under control in the second quarter of this year, according to a central bank report …
From Bricks To Banks: China’s Real Estate Nightmare Sends Shockwaves Through Banking
Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation’s banking sector. The crisis began with Chinese real estate developer …
China’s Central Bank addresses crypto regulation in new financial stability report
In a groundbreaking move, the People’s Bank of China (PBoC) has included a dedicated section on cryptocurrency assets in its latest financial stability report. The report marks the first instance …
China’s Central Bank Prioritizes ‘Crypto Asset’ Regulation Amid Rising Risks
China’s central bank increases its focus on crypto assets amid global risks, emphasizing international cooperation and regulatory overhaul.
China central bank urges the world to jointly regulate crypto
The People’s Bank of China has addressed issues related to regulation of cryptocurrencies and decentralized finance (DeFi) in its latest financial stability report. The People’s Bank of China (PBoC) …
China to ‘appropriately’ strengthen proactive fiscal policy in 2024: minister
BEIJING — China will continue to implement its proactive fiscal policy by “appropriately” strengthening it to improve its effectiveness in 2024, according to Minister of Finance Lan Fo’an. The …
