China’s former Vice Finance Minister Zou Jiayi was on Tuesday named as the next president of the Asian Infrastructure Investment Bank (AIIB) here. The AIIB B …
FINANCE
China’s AIIB elects former anti-corruption official as new president
Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors. View on euronews …
China issues guidelines on financial support to boost consumer spending
The People’s Bank of China and five other departments released guidelines aimed at strengthening financial support for consumption on Tuesday, taking a pragmatic, coordinated step toward expanding …
China Issues Guidelines on Financial Support for Boosting Consumption
BEIJING (Reuters) -China on Wednesday released guidelines aimed at using financial tools to boost consumption, with pledges to support employment and raise household incomes as part of broader efforts …
China’s Zou Jiayi named next AIIB president
China’s finance ministry said on Tuesday the next president of the Asian Infrastructure Investment Bank would be Zou Jiayi, a former Chinese vice finance minister who is expected to lead efforts to …
‘Tiger-fighter’ takes helm at China-backed development bank
Zou, who has been referred to as a “tiger-fighting lady general” in Chinese state media, rose to prominence on the standing committee of China’s Central Commission for Discipline Inspection, the CCP’s …
Kenyan Officials Quietly Fly to China for Ksh359 Billion Loan
Officials from the National Treasury of Kenya are currently in China to finalise a Ksh358 billion loan. Financial Afrik reports that Kenya is in advanced negotiations with China to raise Ksh358 …
China Is More Than Ready for US Stablecoins
E-commerce prowess and Hong Kong’s financial chops can ward off the threat from digital dollars.
China’s auto dealers urge automakers to pay cashbacks within 30 days
BEIJING (Reuters) -Chinese auto dealers on Monday urged automakers to pay cashback incentives within 30 days to help to alleviate their financial pressures. The China Auto Dealers Chamber of Commerce …
Kremlin unable to come up with funds to develop rail link with China
The rail monopoly Russian Railways is postponing a US$10 billion project that was intended to boost exports of raw materials to Russia’s largest trading partner, China. Source: The Moscow Times …
China’s Vice Finance Minister meets AmCham delegation, calls for joint efforts to implement outcomes of agreed consensus reached at trade talks
China’s Vice Minister of Finance Liao Min meets with a delegation from the American Chamber of Commerce in China (AmCham China) in Beijing on June 18. Photo: the official website …
China needs yuan-backed stablecoins ‘sooner rather than later’, state media urges Beijing
Beijing must be proactive in “adapting to the trend of stablecoins”, and waiting is not an option as the US has a head start, warns an article on Monday in state media that simultaneously calls…
Beijing could use Hong Kong as test bed for yuan-linked stablecoins: Morgan Stanley
Beijing’s digital currency ambitions are unlikely to unlock the full potential of the yuan’s internationalisation, analysts say.
