With steady efforts to carry out prudent monetary policy, provide more financial support for the real economy and forestall financial risks, China’s central bank has effectively used its policy …
FINANCE
Beijing moves to cap financial sector pay again, with finance ministry urging firms to balance incomes of senior staff, frontline employees
Ministry places limits on base salaries and bonuses of senior staff Notice says it applies to a range of financial institutions, including state-backed institutions and sovereign wealth funds Beijing …
China shores up smaller banks with fresh $47bn injection
The Chinese government is injecting 320 billion yuan ($47 billion) in public funds into small and midsized banks in a bid to help regional lenders reeling from the economic slowdown. The capital …
Beijing’s threats resonate inside China.
Even so, the goal of absorbing Taiwan into China is widely shared by many Chinese people, and the online mood reflected support for Beijing’s combative position. “The Liberation Army is clearly …
China Focus-Explainer: Central bank’s policy toolbox to consolidate economic expansion
With steady efforts to carry out prudent monetary policy, provide more financial support for the real economy and forestall financial risks, China’s central bank has effectively used its policy …
China mulls allowing foreign multinationals to establish finance companies
Foreign multinational groups will be able to establish finance companies directly or through foreign-funded investment companies established in China, according to a draft document released by the …
Rand rises; China’s response to Pelosi visit not as severe as feared
In early trade the rand was at R16.68 to the dollar, nearly 1% stronger than its previous close. On Tuesday it lost almost 2%.
China’s $26 Billion Pivot From Infrastructure to Emergency Loans
China has made nearly $26 billion in short and medium-term loans to Pakistan and Sri Lanka over the past five years as its overseas lending shifts from funding infrastructure toward providing …
Gold advances as traders weigh US-China tensions, Hawkish Fed
Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve. Bullion has been drawing some haven support amid …
China Using Sri Lanka’s Indebtedness to Show Military Muscle
China has dispatched a military ship to Sri Lanka’s port city of Hambantota in the midst of the rapidly changing political situation in the island nation. The move has raised questions about whether …
China Imposes Economic Curbs on Taiwan With Trade Bans
China halted some trade with Taiwan in retaliation to the high-profile visit of US House Speaker Nancy Pelosi to the island.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s …
Stocks Stabilize as Traders Weigh US-China Tension: Markets Wrap
Stocks stabilized in Asia on Wednesday, helped by a climb in Hong Kong, as some of the investor anxiety over fraught US-China ties eased. Treasuries pared a slide sparked by hawkish Federal Reserve …
Sweeping Mortgage Boycott Changes the Face of Dissent in China
In a country that only tolerates dissent in small doses—and relies on property as its economic growth engine—a mortgage boycott by hundreds of thousands of middle-class Chinese has become a five-alarm …