Kunlun, a small commercial lender controlled by China National Petroleum Corporation (CNPC), became the financial artery for China-Iran oil trade when US sanctions choked Iran’s access to dollars.
FINANCE
HSBC Strengthens China-ASEAN Corridor with Key Appointments in Singapore
Singapore, March 2, 2026 – HSBC has announced the appointment of two senior executives in Singapore to enhance its proposition for the China-ASEAN corridor and support the bank’s growing cross-border …
As China’s economy slows, some young people are snapping up cheap apartments to ‘retire’ early
The “Life in Venice” housing development, a multibillion-dollar replica of the Italian city on the Chinese coast, stands silent. Experts say Chen is part of a broader trend that has seen a growing …
China is not dumping US Treasuries
If Chinese state investors are not directly buying Treasuries, they are lending money to other global investors who are. That is the only way the global flow of funds can add up. Ignore the amateur…
As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak
Regulators refine cross-border rules and cut the foreign exchange risk reserve ratio for forward forex sales to zero, aiming to provide stable offshore liquidity and help firms manage risks.
In Depth: China’s Sweeping Banking Law Rewrite Targets Hidden Risks
China is proposing the most significant overhaul of banking law in over two decades with a sweeping reform designed to better control risks simmering inside its 480 trillion yuan ($69 trillion) …
China Moves to Tame Yuan Rally by Slashing Shorting Costs
The People’s Bank of China is slashing the risk reserve requirement ratio for financial institutions conducting foreign-exchange forward trading to zero from 20%.
15th Five-Year Plan: Inside China’s push To Become A Financial Powerhouse
A debut of the term ‘financial powerhouse’ in China’s new five-year plan will push the financial system to the front lines of industrial transformation China’s 15th Five-Year Plan is not just another …
What’s next for China’s yuan payment system? Adviser banks on close trade partners
Former ICBC chairman Chen Siqing says alternatives needed due to risk of financial weaponisation in US dollar-centric world.
Xi Has Made China’s Currency Ambition Explicit
What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain …
China Bank’s 2025 profit climbed 13% to record P28 billion
China Banking Corp. posted a record net income of P28 billion in 2025, up 13 percent from the previous year, as the lender’s core businesses maintained …
China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan
China’s central bank kept its benchmark lending rates unchanged as Beijing manages a balancing act of supporting a slowing economy while maintaining currency stability.
The government agency relying on Wall Street to go up against China’s soft power
The Development Finance Corporation (DFC), a little-known government agency, opened its first Wall Street outpost last week — and it’s got $205 billion and a mission to out-invest China on the world …
