China has seen the development of green finance enter the fast lane playing a vital role in the country long-term pursuit of low-c …
FINANCE
Morgan Stanley says A.I. in China is at an inflection point — and names 3 stocks to play it
China’s artificial intelligence evolution is at an “inflection point” — and the country is catching up with the U.S., according to Morgan Stanley. In fact, the bank estimates there’s a $7.4 trillion …
One Year After a Landmark Green Finance Policy, Can Chinese Banks Go Green?
Chinese banks have been the last resort of projects too toxic for other lenders to touch. Can the Green Finance Guidelines force a change?
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say
Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans, the French government announced Thursday on the sidelines of a global finance summit in …
China imposes limits on Russian banks
The recent visit of US Secretary of State Anthony Blinken to China and the Bank of China’s subsequent decision to restrict Russian bank clients’ transactions involving banks located in the EU, the …
An impasse over finance between rich and poor that threatens the planet
The New Development Bank, which Beijing set up with fellow “Brics” countries Brazil … Last week another Chinese-led development finance lender, the Asian Infrastructure Investment Bank, which has …
Critical to get China around the table at Paris Finance Summit, Open Society president says
Brown, the President of the Open Society Foundations, says it is “absolutely critical” to get China around the table at the Paris Finance Summit.
UPDATE 1-Beijing breaches 40 degrees Celsius for first time in 9 years
BEIJING, June 22 (Reuters) – The temperature in Beijing soared above 40 degrees Celsius on Thursday for the first time since 2014 as the Chinese capital warned of blistering hot weather through the …
Outlook for sustainable financing in China and Asia remains robust amid need for investments to support energy transition, meet climate targets, bankers say
China last year accounted for half of the total of US$466 billion … “However, long-term trends including investor demand for green assets continue to be robust,” he said. Green finance is growing in …
President Biden calls China’s Xi a dictator, drawing a backlash from Beijing
President Joe Biden also said Xi was “embarrassed” that he was not informed about the Chinese spy balloon conducting surveillance over the US.
China to tread warily on easing as concerns over impact on banks mount
China’s central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end up …
Fierce backlash in Beijing to Biden likening Xi to a dictator comes as he hopes for a thaw
When President Joe Biden referred to his Chinese counterpart as a dictator late Tuesday in California, the response from Beijing was swift and angry. “The remarks seriously contradict basic facts, …
China’s Anti-Corruption Drive Increasingly Focused on Banking Sector
The Chinese government has put those in all positions, high and low, in every industry, especially finance, on notice: The Communist Party of China is serious about ferreting out and prosecuting all …
