SHANGHAI, June 17 (Reuters) – China announced fresh measures on Wednesday to promote the global use of the yuan and unveiled plans to better manage domestic money market liquidity. Pan Gongsheng, …
Tagged By banking
China’s mBridge Threatens SWIFT, XRP, XLM and the Dollar’s Role in Cross-Border Payments
China is commercializing mBridge, a CBDC-based cross-border payments network. The platform has processed about $69 billion in transactions, mostly using the digital yuan. mBridge …
China signs up 26 financial institutions to digital yuan cross-border payment platform
SHANGHAI, June 16 (Reuters) – China’s digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient …
2026 Beijing CBD Forum Annual Conference Opens
International Guests Express Strong Confidence in China’s Development Prospects; Beijing CBD Helps Shape Global Business District Development RulesBEIJING, June 16, 2026 (GLOBE NEWSWIRE) — On June 15 …
Beijing Geekplus Technology (SEHK:2590) Stock Valuation Check After Recent Share Price Weakness
Recent share performance and business snapshot Beijing Geekplus Technology (SEHK:2590) has drawn investor attention after a stretch of weaker share performance, with the stock down 29% over the past …
Financial structure optimization key to China’s development
The outline of the 15th Five-Year Plan (2026-30) calls for actively developing direct financing channels such as equity and bond financing, and explicitly identifying optimization of the financial …
Meta reportedly moves to unwind $2B Manus deal after Beijing’s demand
Meta starts dismantling its $2 billion Manus acquisition after Beijing ordered the deal reversed.
China issues guidelines on financial services data amid broader cybersecurity push
BEIJING, June 13 – China’s cybersecurity administrators on Saturday moved to tighten the grading and classification of data in the financial information services sector in what it said would …
China Issues Guidelines to Classify Financial Information Data
China issued guidelines on classifying and grading financial information service data, providing a framework to implement existing data security laws.
China is About to Throw $300 Billion at Data Centers to Pass America
After unveiling a nearly $300 billion construction plan this week, China inched closer to owning the world’s AI-infra back and its energy.
Digital finance set for rapid expansion
DU JIANPO/FOR CHINA DAILY With continued government emphasis and rising share-buying interest, digital finance is expected to see substantial progress in China, which will translate into more impetus …
China Asks Big Banks to Curb Interbank Lending to Ease Cash Glut
China told big state-owned banks to reduce their lending in the interbank market, according to people familiar with the matter, in an effort to prevent borrowing costs from drifting too far below the …
Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers
June 11 (Reuters) – China’s crackdown on cross-border investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong that tap into the riches of mainland …
