People’s Bank of China (PBOC) said on Wednesday that a high amount of foreign currency it has bought recently was a result of commercial banks converting their foreign exchange holdings with the …
FINANCE
China central bank says it will keep liquidity reasonably ample in 2023
China’s central bank said on Wednesday it will use various policy tools to keep liquidity reasonably ample in 2023 and take steps to lower financing costs for companies.The People’s Bank of China will …
A war between China and Taiwan is the economic ‘black swan’ investors should be most worried about, ex-Fed chair Alan Greenspan warns
Any conflict over Taiwan would be “a nightmare scenario” for stocks and the global economy, Greenspan said in his 2023 investment outlook.
Ant gets approval to expand its consumer finance business
Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns.
China pledges ‘final victory’ over COVID as outbreak raises global alarm
Global health officials tried to determine the facts of China’s raging COVID-19 outbreak and how to prevent a further spread as the government’s mouthpiece newspaper on Wednesday rallied citizens for …
China urges ‘final victory’ over Covid as global concern mounts over spread
As it now dismantles those restrictions, China has been particularly critical of decisions by some countries to impose a requirement for a COVID test on its citizens, saying they are unreasonable and …
China to step up proactive fiscal policy: finance minister
China will facilitate the expansion and improve the effectiveness of the proactive fiscal policy to cope with multiple challenges ahead, a senior official said. The unsolid fundamentals for economic …
Gravitas: China’s financial capital collapses, 70% of Shanghai residents infected with Wuhan virus
Reports say 70% of Shanghai’s residents have been infected with the Wuhan virus. Desperate China has resorted to testing toilet water for infection. Molly Gambhir tells you. Like us on Facebook to see …
Interview: China to step up proactive fiscal policy: finance minister
China will facilitate the expansion and improve the effectiveness of the proactive fiscal policy to cope with multiple challenges ahead, a senior official said. The unsolid fundamentals for economic …
Beijing threatens ‘countermeasures’ on countries requiring Covid tests on passengers from China
Beijing has condemned countries requiring Covid tests for passengers coming from China and threatened its own “countermeasures”. The UK is among the nations that will require those coming from China …
China securities regulator to check brokers’ financing needs after Huatai share plan
A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang …
China’s market watchdog to scrutinise brokers’ fundraising after Huatai’s US$4.1 billion share placement plan
Huatai Securities’ record share placement plan has triggered alarm bells at China’s securities watchdog, as brokerages look to tap the capital market to replenish funds.
China’s reopening is an economic tide that will raise boats across Asia
China’s Covid-19 setbacks are temporary. Its reopening will boost demand for commodities, tourism and luxury goods, lift stock prices and support Asian currencies and economies, especially Hong Kong’s …
