ED investigations revealed that some Chinese nationals illegally floated multiple Indian companies, collecting thousands of crores in revenue and repatriating them to China. The siphoning off of money …
FINANCE
China central bank lists 19 systematically important banks
China’s central bank and banking regulator on Friday jointly unveiled a list of 19 banks that are regarded as systematically important. The banks include six state-owned commercial banks, nine …
China central bank lists 19 systemically important banks
BEIJING: China’s central bank and banking regulator on Friday (Sep 9) jointly unveiled a list of 19 banks for 2022 that are regarded as systemically important, as part of efforts to protect the …
Congress should block Treasury from financing China’s interests in America’s backyard
If approved, it would strengthen communist China’s penetration of our own backyard. Last July, the U.S. Treasury Department committed to further capitalizing the Inter-American Development Bank, the …
China’s financial hub Shanghai to extend free COVID testing services
China’s financial hub Shanghai will extend free regular COVID-19 testing services to Oct. 31 to further consolidate the results of their epidemic prevention efforts, the city government said on Friday …
Lambo reaches out to China’s finance ministry, auditors over subsidiary’s alleged wrongdoing
Lambo Group Bhd has reached out to China’s finance ministry and the past and present auditors of its indirect wholly owned subsidiary Fujian Accsoft Technology Development Co Ltd over alleged …
Legendary China Bets Unwind as Buffett, SoftBank Sell
For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co.But now big-name investors who’ve made …
EMERGING MARKETS-FX firms as dollar loses ground; stocks jump on Beijing stimulus hopes
Currencies across emerging markets strengthened on Friday as the dollar recoiled from recent peaks, while stocks were led higher by Chinese equities on hopes of more stimulus from Beijing. MSCI’s …
China’s currency weakens as its economic woes mount
China’s government-influenced currency is tumbling — and it’s close to crossing a somewhat sensitive milestone relative to the dollar. Why it matters: The drop in the value of the currency, officially …
China’s Aug New Bank Loans Rise Less Than Expected, Credit Growth Slows
Banks extended 1.25 trillion yuan ($180.63 billion) in new yuan loans in August, up from July but below analysts’ expectations, data released by the People’s Bank of China (PBOC) on Friday showed.
China consumer, producer price growth both ease further
China’s consumer price (CPI) index rose by 2.5 per cent in August from a year earlier, while the producer price index (PPI) rose by 2.3 per cent last month, data released on Friday showed.
China’s yuan firms on PBOC guidance, but set for 4th weekly loss
China’s yuan extended gains on Friday as the dollar eased, alleviating some imminent worries over a breach of the key 7 per dollar mark, while the central bank continued to stabilise the market …
China (Beijing) Digital Finance Forum 2022 held in Beijing
CNY (digital yuan) experience zone at the China (Beijing) Digital Finance Forum 2022 in Beijing, capital of China. The China (Beijing) Digital Finance Forum 2022 themed “Innovate Together: Governance …