Alipay and WeChat Pay’s dominance of China’s retail payments was scripted over the past decade on the back of the humble quick recognition code. The same dotted squares could now start to undermine …
FINANCE
China c.bank partially rolls over medium-term policy loan, rate unchanged
China’s central bank partially rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Thursday, matching market expectations. The People’s Bank of China (PBOC) said …
China Braces for a Slowdown That Could be Even Worse Than 2020
Six months after China’s government set ambitious economic targets for the year, growth has slowed so sharply that several major banks don’t even think 3% is achievable anymore.Most Read from …
How China’s Debt Trap Diplomacy will use CBDCs to replace the SWIFT banking system
Thereby establishing the Digital Yuan as the de facto Central Bank Digital Currency (CBDC) currency to the fastest growing economies in the world.
Chinese Investment Bank CICC Plans Large Capital Raise to Bolster Business
The bank’s Hong Kong-listed shares fell to their lowest level in more than two years after it said it wants to raise as much as $3.9 billion from a rights issue.
China’s financial institutions’ assets up 9.7 pct
China’s financial institutions saw expanded balance sheets by the end of the second quarter this year, official data showed Wednesday. The country’s financial institutions saw their combined assets …
Russia Gives China’s Yuan a Boost as Firms Cope With Sanctions
As Xi Jinping and Vladimir Putin prepare for a likely meeting this week to cement China-Russia relations, one area where stronger economic ties are already being seen is on the currency front.Most …
China cities cancel flights, prepares to halt trains as Typhoon Muifa closes in
Typhoon Muifa gained strength in the East China Sea on Wednesday, triggering China’s first “red alert” this year, forcing flight and train cancellations in Shanghai and threatening the busy port …
China’s once-hot payments industry fizzles out under shifting fintech regulations
The People’s Bank of China strictly controls the number of third-party payments licences, which were once worth billions of yuan As the central bank moves to tighten fintech regulations in recent …
Countries most indebted to China MAPPED as global tensions rise
The poorest countries in the world are on the hook for £30billion in debt-service payments this year of which around 40 percent is owed to China.
China poised to shake up economic leadership as reformers bow out
Beijing’s once-in-five years reshuffle begins at the party congress that starts Oct. 16, where President Xi Jinping is poised to break with precedent and secure a third leadership term.
After bashing China loans, Kenya’s president signals reverse course
During his election campaign, William Ruto blamed China’s lending for his nation’s debt troubles But the new leader has flagged an expansion in Kenya-China relations on infrastructure, agriculture, …
CNNC delegation calls on Finance Minister
A delegation of China National Nuclear Corporation (CNNC) headed by its President Overseas Zhang Guoliang called on Minister for Finance Miftah Ismail in Islamabad on Wednesday. He briefed the …
