In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as …
FINANCE
ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
China regulator urges banks to improve credit management
China’s financial regulator on Friday issued measures that urge commercial banks to further improve credit management, to better serve the real economy.
China central bank reports 150-bln-yuan in PSL net issuance in January
The People Bank of China PBOC China central bank reported a net issuance of 150 billion yuan 2112 billion US dollars of Pledged Supplementary …
China’s bank wealth management market expands in 2023
BEIJING, Feb. 2 (Xinhua) — China’s bank wealth management market expanded and saw more investors in 2023, industry data showed.
Analysis-New China property financing measures set to be tested by banks’ cautious approach
China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks’ reluctance to lend to the crisis-hit sector will remain a major obstacle for the…
China’s ‘financially unhealthy’ small firms have a serious cash-flow problem that threatens to topple more dominoes, survey finds
Small and micro-sized firms are considered vital to the health of China’s overall economy, and a new report offers suggestions for financial institutions and governments to empower growth and enhance …
Beijing Pledges More Fiscal Support as Economy Stumbles
China promises more proactive government spending this year, as Beijing doubles down on boosting the economy amid a deepening property slump, while wary economists say bolder moves are needed to …
Xinhua Silk Road: Pien Tze Huang, Beijing Tong Ren Tang agree to boost bilateral cooperation, promote high-quality development of TCM
Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. (Pien Tze Huang) signed a cooperation agreement with Beijing Tong Ren Tang (TRT) Group during the First Conference of Partners of Tong Ren Tang, which …
Banking tycoon Bao Fan steps down as head of China Renaissance
Billionaire financier Bao Fan has stepped down as head of investment bank China Renaissance, the company said Friday, almost a year after he was revealed to …
China’s central bank adds 150 billion yuan in cheap housing funds
THE People’s Bank of China (PBOC) provided 150 billion yuan (S$28.5 billion) worth of low-cost funds for lending to housing and infrastructure projects last month, stepping up support for the economy.
China’s central bank adds $21 billion in cheap housing funds
Authorities have stepped up policy support for the real estate sector recently, with plans to reveal the first list of housing projects eligible for financing. Chinese cities including the southern …
China pledges to stick with fiscal expansion to spur economy
China will maintain fiscal expansion this year to spur an economic recovery, Vice Finance Minister Wang Dongwei said on Thursday, reinforcing market views that public spending will be the government’s …
