China has added more financial institutions from Africa, the Gulf, and Central Asia to its cross-border yuan payment system, a bold move to strengthen the global role of its currency amid intensifying …
Tagged By banking
Could China’s rare earth pivot ease strain on the automotive sector?
China has approved some rare earth export licences, offering slight relief to strained global supply chains. Yet with shipments still down sharply and licensing opaque, Europe’s auto sector remains …
Israeli strikes big worry for Iran’s economic lifeline China, its years-long West Asia gambit at risk
Israel’s recent attacks on Iran have raised serious concerns in China, threatening to disrupt Beijing’s key energy supply routes and its hopes for a bigger role in the region, according to a report …
China’s Central Bank Seeks Bigger Role for Yuan on Global Stage
Pan Gongsheng, governor of the People’s Bank of China, called for an international monetary system in which “sovereign currencies coexist and compete with checks and balances.” …
China’s fiscal revenue falls 0.3% in January-May period
China’s fiscal revenue shrank 0.3% in the first five months of 2025 from a year earlier, narrowing a 0.4% decline in the January-April period, finance ministry data showed on Friday. Fiscal …
China’s Economic Earthquake – $300 Billion Is Falling, and It’s Just the Beginning
Evergrande’s collapse isn’t just about one massive Chinese real estate company – it’s about contagion. In a highly interconnected economy, the fall of a single company can trigger a chain reaction …
China uses HSBC bank as political tool against dissidents
Numerous pro-democracy activists and government critics from Hong Kong have had their accounts frozen by banking giant HSBC. The actions are raising concerns over China’s growing influence on …
China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Xi Focus: Think tank report expounds on China’s financial development path
BEIJING — A report released on Thursday traces Xi Jinping’s exploration of the path of financial development with Chinese characteristics when he worked in East China’s Fujian province, and also …
China keeps key lending rates steady after May cut as U.S. trade deal eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
China expectedly keeps key lending rates steady after May cut
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Word is bonds: China’s provinces use special-purpose funds to pay debts
Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.
China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war
China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington sparked concerns about the long-standing status of American government bonds as the …
