As investors enter something of a holding pattern ahead of key central bank policy decisions this week, China’s markets are on the defensive after yet another indication that the country’s economic …
FINANCE
Beijing’s U.S. envoy expects further COVID relaxation, easier travel to China
China’s ambassador to the United States on Monday said he believes China’s COVID-19 measures will be further relaxed in the near future and international travel to the country will become easier.
China Is Setting the Standard for Deepfake Regulation, for Better or Worse
New rules set to take effect on January 10 will require individuals to obtain a person’s consent before using tech to edit their voice or image.
China Nov new bank loans jump to 1.21 trln yuan, below forecast
New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the world’s second-biggest economy. Chinese banks …
China Nov new bank loans rise more slowly than expected
New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the world’s second-biggest economy. Chinese banks …
Live news: FCA fines Metro Bank for misleading investors
The Financial Conduct Authority has fined Metro Bank £10mn and censured two of its former top executives for misleading investors on a key risk measure ahead of a 39 per cent collapse in the bank’s…
MARKETS / FINANCE
It may take until the last minute, but Greek Finance Minister Yanis Varoufakis says Greece will negotiate a deal with the EU. Labor Secretary Tom Perez is headed to California to mediate a dispute …
China might be back to pre-Covid normal by mid-2023, health expert Zhong Nanshan forecasts
People who want to travel home over Lunar New Year should get a booster shot to minimise virus spread, Zhong says Wear masks and skip panic buying of fever medications, he suggests China should ramp…
China offers $112.33 mln financial grant, $14 mln in-kind support for flood relief
China has offered Pakistan, a cash grant worth US$112.33 million for post-flood reconstruction activities, besides sending the in-kind support worth of $14.06 million (100 million RMB). Besides the …
China for strengthening green finance rules
Therefore, [we] should strengthen financial regulations, conduct stress tests and other means to guide financial institutions to continuously improve their green financial capabilities in accordance …
China central bank calls for green finance regulation to be strengthened
China’s central bank on Saturday warned that climate change and a global move to a low-carbon economy posed risks for domestic financial institutions and said stronger regulation was required.
China Central Bank Official Calls for Orderly Carbon Reduction
China should pursue any transition to green economic activity in an orderly manner and avoid any “campaign-style” carbon reductions at its financial institutions, a deputy central bank governor said.
UPDATE 1-China, HK stocks extend rally as Beijing eases COVID rules
China and Hong Kong stocks rose on Friday as investors continued to bet on companies that stand to gain from China’s COVID policy pivot, driving up consumer and healthcare stocks. Property shares …
