China Minsheng Bank has reportedly appointed its ex-chief research officer to serve the Beijing-based lender as its first chief economist. The recently established role of chief economist will be …
FINANCE
Economic Watch: A decade of evolution for China’s financial system
BEIJING, June 23 (Xinhua) — 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 …
China’s decade: Stock market size expands over twofold China’s decade: Stock market size expands over twofold
China’s stock market has grown by 238.9 percent, and the bond market has grown by 444.3 percent, both ranking second in the world, an official from the China Securities Regulatory Commission (CSRC) …
Assets of China’s banking, insurance sectors rise in past decade
The assets of China’s banking and insurance sectors have expanded remarkably over the past decade, official data showed Thursday. The total assets of the Chinese banking industry stood at 344.7 …
China bans over 30 live-streaming behaviours, demands qualifications to discuss law, finance, medicine
China has issued new regulation on the live-streaming industry that lists 31 banned behaviours, raising the bar for influencers to talk about certain topics, in the government’s latest effort to …
China, HK stocks gain on Beijing’s support to tech, auto
China stocks rose to a near four-month closing high on Thursday while Hong Kong’s share benchmark gained over 1%, as Chinese tech companies and automakers jumped on Beijing’s policy support. We …
China’s non-financial outbound direct investment up 2.3% in Jan-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 US dollar terms, …
China commerce ministry says the sooner U.S. tariffs are lifted, the sooner consumers will benefit
China’s commerce ministry said the sooner U.S. tariffs on Chinese goods are lifted, the sooner consumers and companies will benefit, ministry spokesperson Shu Jueting told a news conference on …
Influencers peddling medical, financial advice now need certification, China says
China has taken another step to regulate how online influencers impart information to their followers. The government has put a great deal of effort into moderating digital content over the years. The …
HK tech shares rise after Beijing signals support to payment, fintech firms
China tech firms listed in Hong Kong rose on Thursday, after Chinese President Xi Jinping signaled support to the country’s leading payment and fintech firms in the latest indication that Beijing is …
Xi vows to meet China’s growth target that analysts say is out of reach
Most economists expect Beijing will miss its GDP growth goal of 5.5% this year. Read more at straitstimes.com.
BMW starts production at new $2.2 billion China plant to ramp up EV output
Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) …
US-China relations: Beijing has own ‘trade weapons’ to counter Xinjiang ‘forced labour’ law
China has the power to unleash its own trade weapons against the United States in response to a new law banning imports from Xinjiang over alleged forced labour, analysts say, as Beijing vows action …
