China will front Asia’s green finance transition, said China watchers at a recent Eco-Business event. A common green taxonomy with the European Union and strict disclosure rules will bring China …
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China’s rising household debt is shattering dreams of financial freedom, and ‘fears are spreading’
The Southwestern University of Finance and Economics, which has been tracking China’s household finances, also confirmed that the wealth of low-income households continued to shrink toward the end of …
Beijing wants European companies to list in China. It remains a tough sell
Beijing is trying to revive a long dormant stock-exchange link with Europe, after years of unsuccessful attempts to lure multinational companies to list their shares in China. The problem: No European …
China’s central bank pledges easier loans to support enterprises, households hit by coronavirus
China’s central bank, on Monday rolled out a wide variety of support measures ranging from refinancing quotas to increasing loans, as the country ramps up efforts to relieve the economic burden caused …
China Merchants Bank President Steps Down in Surprise Move
China Merchants Bank Co. said its President Tian Huiyu is stepping down after spending nearly nine years building the lender into the nation’s king of retail banking.Most Read from BloombergUkraine …
China’s central bank showing no sign of panic
A one-handed economist would scarcely know what to say about China’s latest gravity-defying gross domestic product (GDP) performance, one that’s …
China Merchants Bank relieves president Tian Huiyu of his job in surprise move after US$11 billion stock sell-off amid talk of unspecified probes
Tian was relieved of his job with immediate effect, China Merchants Bank said, adding that he would be assigned to another unspecified post Chief financial officer Wang Liang to step up as interim CEO …
China’s economy had a good first quarter. Lockdowns leave it ‘in distress’
China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months …
Beijing Crackdown Derails Alibaba’s Bid for Amazon-Size Profit
Beijing’s crackdown on the private sector has laid waste to that strategy. Alibaba’s core e-commerce operation is under siege from regulators, and its finance arm has been forced to pull back from …
China Merchants Bank suffers US$11 billion sell-off on news report top executive is assisting unspecified probe
China’s third-largest lender fell by the most since August 2015 amid a local media report that a top executive is assisting with an unspecified government probe.
‘In distress’: COVID lockdowns pose growing threat to China’s economy
China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months …
China makes progress in defusing financial risks in 2021: Report
On Saturday, a new report was released stating that China’s financial sector has demonstrated its resilience amid challenges posed by external impacts and COVID-19, and that financial risks were …
Former Chinese central bank chief says digital yuan is for retail transactions
Zhou Xiaochuan, the former governor of the People’s Bank of China, said in a speech on Saturday that the digital yuan is designed to focus on transactions for people and merchants and not to replace…
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