BEIJING – China’s financial sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), with banking assets nearing 470 trillion yuan ($66.2 trillion) at the end of June …
FINANCE
China making global mark in fintech
China is taking the lead in global financial technology innovation, and more international collaboration is expected to empower business growth and promote fintech inclusion to benefit the world, …
China’s $37B Stargate Rival Threatens to Close U.S. AI Data Center Gap
U.S. tech giants are once again in the sights of the Chinese government as it launched a $37 billion plan to build a huge “mega-cluster” of AI …
China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters
At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter.
China’s monetary policy focuses on domestic imperatives, while balancing internal and external situations: central bank governor
China’s monetary policy is currently accommodative, with the emphasis placed on domestic imperatives while balancing both domestic and external situations, central bank governor Pan Gongsheng said on …
China central bank head pledges data-driven policy to aid recovery
China’s central bank head pledged on Monday to use a range of monetary policy tools to ensure ample liquidity, try to drive down funding costs and support economic recovery.
China’s Central Bank Revives Liquidity Tool Before Long Holiday
China’s central bank has dusted off a liquidity instrument it last used eight months ago, part of a move to flood the banking system with cash before the Golden Week public holiday.
China Keeps Lending Rates Unchanged in Sept as Trade Tensions Ease
China’s central bank left the seven-day reverse repo rate, which now serves as the main policy rate, unchanged last week. Recent data showed factory output and retail sales in August recorded their …
China Keeps Lending Rates Unchanged in Sept as Trade Tensions Ease
China’s central bank left the seven-day reverse repo rate, which now serves as the main policy rate, unchanged last week. Recent data showed factory output and retail sales in August recorded their …
Official calls for cooperation, innovation in financial sector
The head of China’s primary financial regulator, Li Yunze, met with provincial Party and government leaders in Jiangxi and Anhui provinces from Sept 15 to 17, to discuss boosting financial support for …
Official calls for cooperation, innovation in financial sector
The head of China’s primary financial regulator, Li Yunze, met with provincial Party and government leaders in Jiangxi and Anhui provinces from Sept 15 to 17, to discuss boosting financial support for …
LIVE: Briefing on achievements in China’s financial sector during the 14th Five-Year Plan period
China’s State Council Information Office (SCIO) holds a news conference at 3 pm on Monday to present achievements made in the financial sector during the 14th Five-Year Plan period (2021-25). Tune in …
China leaves benchmark lending rates unchanged as expected, despite Fed rate cut
The People’s Bank of China kept the one-year loan prime rate unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday.
