China has dismissed recent rumors of a renewed cryptocurrency ban, confirming that no new restrictions have been introduced.
FINANCE
New committee, bailout talk: is China launching a fresh property rescue effort?
China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.
China eyes bigger global role for yuan as US dollar stability questioned
China is stepping up efforts to internationalise the yuan, as growing doubts about the US dollar’s stability provide a window of opportunity for the currency. The People’s Bank of China (PBOC) …
China Aviation Giant Mulls Spinoff of Two Financial Units
Aviation Industry Corp. of China, the country’s biggest state-owned aviation conglomerate, is considering spinning off its securities and trust units to address debt challenges, according to people …
China to Tax Bond Interest Income After Decades of Exemption
China said it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that’s prompted investors to reevaluate their debt market positions.
China, EU can shape climate governance
With the world facing escalating climate risks, the call for robust, cooperative climate governance has become even more urgent. With their complementary strengths in renewable development, …
China’s money launderers exploited a gem of a loophole – Beijing just plugged it
Financial crime watchdog targets dealers of precious metals and gems – and experts say that’s just the start as non-financial sectors come under the money microscope.
Inside China’s Pivot: Smarter Growth, Sharper Investing
China’s ambition to become a global AI leader is more than aspirational – it’s backed by substantial capital and national commitment. Click to read.
Exclusive: China polysilicon firms plan $7 billion fund to shut a third of industry capacity
Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan ($7 billion) fund to acquire and shut down roughly a third of production capacity and …
Canadian arm of China’s largest bank accuses ex-CEO of ‘misconduct’ as it fights wrongful-dismissal suit
Lubin Wang alleges he was fired as ICBK’s top executive over efforts to comply with Canadian foreign-interference laws …
China Bank Savings nets P1.2B in the first semester
MANILA, Philippines — China Bank Savings (CBS) logged a 19-percent growth in its first-semester earnings. These reached a record-high P1.2 billion as its loan book expanded. In a statement on Friday, …
China Says US Exploited Old Microsoft Flaw for Cyberattacks
China accused the US of exploiting a flaw in Microsoft Corp.’s email servers to steal military data and launch cyberattacks on its defense sector.Most Read from BloombergThe World’s Data Center Capita …
China polysilicon firms plan $7 billion fund to shut a third of industry capacity
By Colleen Howe BEIJING (Reuters) -Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan ($7 billion) fund to acquire and shut down roughly a …
