A finance divide between rich and poor countries sharply curtails the latter’s ability to recover from the COVID-19 pandemic and respond to further shocks, said Liu Zhenmin, UN Under-Secretary-General …
Tagged By banking
As dominant creditor, China must ‘step up’ on debt restructuring: Indonesia Finance Minister
WASHINGTON: As the world’s dominant creditor, China must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this …
China central bank pledges to support economy amid crippling Covid outbreaks
well below Beijing’s target, citing widespread lockdowns and supply chain disruptions. Foreign finance houses also have been downgrading their forecasts. Japanese investment bank Nomura on Thursday …
Market check: Stocks fall, China stocks sell-off as central banks tighten
The employment market, the job market is too hot. All right, just think about that. That’s an incredible thing to say. So it’s not just 50 basis points for the next three or four meetings.…
China Matters explores the promise of smart cities in Guiyang
Why smart cities? From all perspectives, it ticks all the boxes: innovation, technology and new economy. On a day-to-day basis, it makes our urban environments more liveable, it saves energy, keeps …
China’s Antigraft Watchdog Probes Former CEO of China Merchants Bank
The country’s Central Commission for Discipline Inspection said Friday that Tian Huiyu was placed under investigation. He was abruptly removed from the helm of the state-backed lender days before.
Ex-China Merchants Bank president Tian Huiyu is being investigated by top anti-corruption watchdog for suspected breach of ‘party’s discipline and law’
Tian undergoing top anti-corruption watchdog’s ‘disciplinary review, monitoring and investigations’, according to online notice Analysts confident bank’s performance and outlook will not be affected …
China financial markets not immune to external shocks: Central bank governor
China’s financial markets are not immune to external shocks and the COVID-19 situation also put more pressure on China’s economy, governor of the People’s Bank of China (PBOC) Yi Gang said on Friday …
Clean at Home and Polluting Abroad: The Trouble With China’s Energy Finance
Renewables make up 3/4 of Chinese energy investments at home, but only 1/4 abroad. One reason is the Chinese financial system’s preference for SOEs, which these days are looking for markets to unload …
China probes former president of Merchants Bank for violations
Chinese authorities are investigating Tian Huiyu, former president of China Merchants Bank Co, for suspected violations, days after removing him from the nation’s top retail bank.
China central bank says to step up support to economy, maintain market stability
China’s central bank said on Friday that it would step up support to the economy and maintain market stability, amid growing headwinds such as challenges from the Ukraine conflict and supply chain …
China probes former president of Merchants Bank for violations
Chinese authorities are investigating Tian Huiyu, former president of China Merchants Bank Co, for suspected violations, days after removing him from the nation’s top retail bank.
Former president of China Merchants Bank under investigation
Tian Huiyu, former president of China Merchants Bank, has been under disciplinary and supervisory investigation, an official statement said Friday. Tian, also former Party chief of the bank, was …
