An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.
FINANCE
Former Bank of China chairman arrested for suspected bribery – state media
Former chairman of Bank of China Liu Liange was arrested for suspected bribery, giving illegal loans, the official Xinhua news …
Former Bank of China chairman arrested for corruption
The state-owned bank reported in February that its former chairman had stepped down and was removed from his position as Communist Party chief.(FB/BOC) BEIJING: The former chairman of the Bank of …
China’s Financial Tightrope: PBOC Injects Liquidity but Maintains Interest Rates
In the heart of Beijing, a financial showdown is taking place. The People’s Bank of China (PBOC) is wielding its monetary might, injecting a colossal 789 billion yuan ($107.96 billion) into the …
China ramps up liquidity support to banking system
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more …
Ex-Bank of China boss arrested on bribery charges
The former chairman of the Bank of China has been arrested over suspicions of bribery and giving illegal loans. Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his …
Fall of a Financial Titan: Former Bank of China Chairman Arrested in Anti-Corruption Drive
The air was heavy with anticipation as the news broke. Liu Liange, the former chairman of the Bank of China, a figure who once stood at the pinnacle of the country’s financial empire, was now…
Former Bank of China boss arrested on bribery charges
The former chairman of the Bank of China has been arrested over suspicions of bribery and giving illegal loans. Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his …
China’s Central Bank Steps Up Liquidity Support
The People’s Bank of China stepped up its support of the economy with an increased injection of liquidity into the financial system, even as it kept a key lending rate unchanged.
China central bank ramps up liquidity support via policy loans, rate unchanged
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected.
China central bank offers most cash support since 2020 as debt sales surge
HONG KONG – China’s central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support the nation’s economic recovery and debt sales. The People’s Bank of …
Former Bank of China Chairman Liu Liange Arrested on Suspicions of Bribery and Illegally Granting Loans
The streets of Beijing echo with the silent tremors of a financial earthquake. Liu Liange, the former chairman of the Bank of China, has been arrested, the latest domino to fall in an intensifying war…
China’s Central Bank Steps Up Liquidity Support; Keeps Policy Rate Unchanged
The People’s Bank of China stepped up its support of the economy with an increased injection of liquidity into the financial system, even as it kept a key lending rate unchanged.
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