Hong Kong’s Democratic Party has criticised the financial secretary’s new budget, saying senior officials’ salaries should be cut, not just frozen – in contrast to a thumbs up given by many …
FINANCE
Democratic senator urges Trump Commerce nominee to take hard line on China
A senior Democratic senator on Wednesday urged President Donald Trump’s nominee to lead the Commerce Department’s Bureau of Industry and Security to take a tough line on China, citing Chinese startup …
China Quant Says Funds Must Adopt AI to Survive After DeepSeek
China’s financial and asset management industries are already rushing to leverage DeepSeek’s R1, with dozens having integrated the AI reasoning model into their own systems to reduce costs and boost efficiency. For quants, the ability…
China to start bank recapitalization with at least $55 billion
Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first batch of banks.
China plans to start injecting at least $55 billion of fresh capital into some of its biggest banks
China plans to start re-capitalizing some of its biggest banks in the coming months with at least $55 billion in new capital.
China Plans to Start Bank Capital Hike With at Least $55 Billion
China plans to start re-capitalizing several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to …
Exclusive-CICC to merge with Galaxy Securities to form China’s No.3 brokerage, say sources
By Julie Zhu (Reuters) -State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country’s …
How China Plans to Trump-Proof Its Economy as Top Lawmakers Meet
China’s National People’s Congress will begin its annual meeting on March 5, giving leaders a chance to set the economic direction and lay out spending plans for the year ahead. With Donald Trump …
People’s Bank of China holds MLF rate steady
People’s Bank of China intensified efforts to stabilize the yuan, injecting CNY 300 billion through a one-year medium-term lending facility while keeping the rate at 2% to support liquidity. The rate …
If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation
Donald Trump is no fan of international organizations. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the …
Thai firms suffer $60 million loss, risk shutdown from China’s ban on sugar syrup
Thai firms grappling with losses of about $60 million from China’s ban on sugar syrup face shutdowns as soon as next month, an industry body said, while negotiations by officials of the Southeast …
China conducts 300-billion-yuan MLF operation to sustain banking liquidity
BEIJING – China’s central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system.
China’s defense of currency takes toll on big banks, bond funds
BEIJING – China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.
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