With steady efforts to push structural reforms and expand opening-up, China’s financial system has gradually evolved and matured over the past decade, offering solid support to the stability and …
FINANCE
China’s Small Bank Risks ‘Are Under Control,’ Top Regulator Says
The risks at China’s small banks are manageable after disposing of nonperforming loans and replenishing capital in recent years, the nation’s banking watchdog said. “Generally speaking, risks are …
China’s non-financial outbound direct investment up 2.3 pct in January-May
China’s non-financial outbound direct investment (ODI) reached 287.06 billion yuan in the first five months of the year, up 2.3 percent year on year, official data showed Thursday. In U.S. dollar …
China’s Covid Conundrum
China’s zero-Covid policy has been a disaster for its economy, and Presiden Xi’s mixed messaging is creating further uncertainty for the country’s energy ambitions …
China-Taiwan: The risk of conflict and what HX Global recommends companies can do to prepare
The Russian invasion of Ukraine has captured the attention of the US and its European allies. Based on expert observations HX Global has seen, some have warned that China might take the opportunity to …
Cannabis banking bill removed from China competition package
Congressional leaders have removed a key cannabis banking measure from their China competition bill, dealing a blow to marijuana advocates who pushed for its inclusion. The SAFE Banking Act, which …
BRICS countries pledge to combat terror finance networks, safe heavens
The BRICS countries on Thursday expressed strong condemnation of terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and terrorism financing networks and …
China faces huge capital outflows: US-based trade association
Washington/Beijing: According to the Washington based trade association Institute of International Finance (IIF), China recorded the largest quarterly capital outflows on record in the first quarter …
No ‘top down’ onshore wind farm plan because ‘we’re not in China’, says Kwarteng
We’re not in China – we can’t simply just impose top down where all this infrastructure goes.” Mr Kwarteng also said he has never wanted to “stray into” telling people they must make …
Foreign financial firms to expand campus recruitment in China
Foreign-funded financial enterprises are planning to hire more fresh graduates and interns for this year and the next year to support their business expansion plans in spite of th …
Foreign companies eye opportunities in China with continued investment
BMW i3 electric cars are pictured during the inauguration ceremony of Plant Lydia of BMW Brilliance Automotive (BBA) in Tiexi District of Shenyang, northeast China’s Liaoning Province, June 23, 2022.
Amid Pakistan’s Currency Crisis, China Extends USD 2.3 Billion Loan
The finance minister had warned that Pakistan could be as crisis-hit as Sri Lanka if tough decisions were not taken.
Hong Kong audit regulator in talks with Beijing’s Ministry of Finance about granting it access to working papers of mainland Chinese companies, chairman says
The Financial Reporting Council is exploring ways its staff might be allowed to inspect the audit papers of companies in mainland China, says Kelvin Wong ‘These inspections [would] aim at checking if …
ADVERTISEMENT
