Officials will soon gather for a twice-a-decade conference on China’s financial system; another, annual meeting in December will help set economic policy for next year. Mr Xi may have also wished to …
FINANCE
China’s 1 trillion yuan sovereign debt plan offers ‘positive growth implications’, Beijing eager to strengthen down the road
National People’s Congress ratifies plan to raise China’s budget deficit ratio, approving 1 trillion yuan (US$137 billion) of sovereign bonds and allowing local governments to front-load part of their …
China’s Central Bank Structural Policy Tools Rise to $959 Billion at End-Sept
BEIJING (Reuters) – China’s outstanding structural monetary policy tools totalled 7.018 trillion yuan ($959 billion) at end-September, its central bank said on Wednesday, rising 2% from 6.78 trillion …
China’s Big Policy Moves Draw Cautious Investors Back to Beat-Down Stock Market
China’s benchmark CSI300 Index staged a moderate rebound from 4-1/2-year lows this week, after state fund Central Huijin Investment started buying exchange-traded funds (ETFs) on Monday, adding …
After foreign minister, China sacks missing defence minister; Finance, S&T ministers also replaced
After keeping mum for nearly two months, China on Tuesday formally sacked its missing defence minister Gen. Li Shangfu who met the same fate as his former Cabinet colleague and foreign minister Qin Gang whose…
What China’s mysterious sackings of top ministers mean for Xi Jinping’s grip on power
China also sacked finance minister Liu Kun, and appointed Lan Fo’an in his place, news agency PTI reported. Before Mr Lan was appointed to the post, he was the Communist Party chief of the finance…
Biden orders Nvidia to immediately stop selling AI chips to China
The US government has ordered Nvidia to immediately stop selling AI computer chips to China after President Biden brought forward the ban. Nvidia announced the restrictions on Tuesday, which it said will be “effective immediately”…
Stock market today: World shares mixed after China pledges more support for slowing economy
World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and…
Green finance: Deutsche Bank eyes tie-ups with Chinese peers to drive deals meeting Europe’s tough climate standards
Deutsche Bank, one of two European banks allowed to tap the Chinese central bank’s green finance funding pool, is seeking to form partnerships with institutions in China to drive transactions that meet European climate standards.
China’s finance ministry issues 16 bln yuan of treasury bonds in Hong Kong
BEIJING, Oct. 25 (Xinhua) — China’s Ministry of Finance issued yuan-denominated treasury bonds worth a total of 16 billion yuan (about 2.23 billion U.S. dollars) in the Hong Kong Special Administrative Region on Wednesday.
China’s raising national debt ratio to 3.8% of GDP is reasonable, risk manageable: senior finance official
Chinese government’s latest decision to raise national debt ratio to 3.8 percent of its yearly GDP by issuing an additional one trillion in treasury bonds is needed to help build up water conservancy and other…
China announces the removal of defense minister missing for almost 2 months with little explanation
China has replaced Defense Minister Gen. Li Shangfu, who has been out of public view for almost two months, state media reported Tuesday. No further information was given.
China conducts central bank bills swap Wednesday
BEIJING — The People’s Bank of China, China’s central bank, conducted a central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued …
