China’s central bank on Monday announced cutting two key interest rates to historic lows, in what is seen as the latest move by Beijing to boost sluggish spending and kickstart the world’s …
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China’s central bank cuts key interest rates to record lows, aims to boost sluggish economy
China’s central bank to support qualified banks to join CIPS: deputy governor
The People’s Bank of China (PBC), the central bank, will support qualified banks from different jurisdictions in participating in the Cross-Border Interbank Payment System (CIPS) for the Chinese yuan, …
China to resume imports of Japanese ‘nishikigoi’ carp
NHK has learned that China has agreed to resume imports of “nishikigoi” colorful carp from Japan, which it had suspended for about one year.
China’s surplus crude oil hits nearly 1 million bpd for September
The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being …
Moncler chief on defying China’s new normal to ‘build the strongest brand ever’
Hot off investment from LVMH, Moncler wants to make greater inroads into the world’s second-largest economy. Remo Ruffini explains why …
China’s booming grey markets add woes to luxury brands
China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening …
China Development Bank Former VP Given 12 Years in Jail, Fine for Bribery
BEIJING (Reuters) – The former vice president of China Development Bank (CDB) Wang Yongsheng has been sentenced to 12 years imprisonment and fined two million yuan ($280,000) for accepting bribes, …
China Cuts Benchmark Lending Rates
China’s commercial lenders cut their benchmark lending rates in a highly anticipated move as policymakers intensify efforts to boost the ailing economy.
China lowers interest rate more than forecasts
The People’s Bank of China has lowered its policy interest rate by 25 basis points to 3.1%, according to an official statement on Monday. Meanwhile, the market expectation was 3.15% for the one-year …
China’s first financial law platform released soon
China’s first online platform for searching overseas financial laws and regulations will open soon, in order to help build a sound business environment and promote high-level opening-up by the rule of …
CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
China public figures, celebrities whose philanthropy makes significant impact
From Covid-19 pandemic support to education for impoverished children, high-profile celebrities in China are making a difference through charity.
China will press ahead with internationalisation of yuan and markets: Sibos panellists
China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
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