China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter said, in the latest effort to channel the country’s vast savings pool into spending and …
FINANCE
US urges South Korea not to fill chip shortfalls in China if Micron banned, Financial Times reports
The United States asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans memory chipmaker Micron Technology Inc from selling chips, the Financial Times reported …
China Province Steps Up Its Plead for State Aid on Debt Woes
One of China’s poorest and most indebted provinces is making a stronger push for state help to diffuse its financial risk, after local authorities recently sought to draw Beijing’s attention to the …
China and Singapore collaborate to implement sustainable financing
Reportedly the joint venture of Monetary Authority of Singapore and People’s Bank of China will also include China-Singapore Green Finance Taskforce (GFTF) …
China’s new private pension scheme draws $2.9bn in contributions
Contributions to China’s fledgling private pension accounts have reached about 20 billion yuan ($2.9 billion) since their inception in November, with just under 70% of the funds invested, Caixin has …
US-China Tensions: What a new Cold War means for central banks
It will require not just setting borrowing costs, but anticipating long-term ramifications of fractured supply lines. Central bankers will need to get used to aligning their stances even more closely …
ING sues China’s ICBC for copper deal losses, seeks US$170 million in damages: report
ING alleged ICBC breached contract terms because it released export documents for copper transactions without collecting payment, court filing says.
China and Singapore’s groundbreaking financing collaboration
China and Singapore have taken a bold step in forging a groundbreaking financing collaboration to create a more sustainable future. The two major Asian economies have established the China-Singapore …
A civilian US ‘Joint Chiefs’ for economic competition with China?
Currently, the United States lacks the necessary coordinating structures to ensure that new funding is allocated in a manner that is both efficient and effective.
China earmarks funds for crop pest control
China has recently earmarked its first round of funding this year to protect agricultural production from pests and diseases, the Ministry of Finance (MOF) said Sunday. These funds, amounting to about …
FS: Beijing wants to give more support to HK
Financial Secretary Paul Chan said on Sunday that central government officials want to give Hong Kong more support to help the SAR better unleash …
Shifting production from China is impossible, says shipping boss
Companies are expanding production outside of China to reduce the risk from rising geopolitical tensions, but the country’s dominance in world trade makes cutting it out of global supply chains …
China’s economic growth provides lift for world: IMF forum
The fast growth of China’s economy provides a welcome lift for the whole world at a time when global economic challenges are intensifying, according to experts and scholars from the International …
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