China’s financial hub, Shanghai, has been facing the worst COVID-19 outbreak and has been desperately seeking medical care and basic supplies like food. Shanghai authorities have imposed draconian …
Tagged By banking
Law to improve financial stability
China’s new draft law on financial stability has proposed a comprehensive framework of financial risk prevention that will help navigate the world’s second-largest economy through the rising economic …
Financial moves can help ease realty woes
Further optimization of financial policies should be introduced into the real estate sector to better meet people’s rational demand for home consumption, promote the stable and healthy development of …
China Targets Big Tech’s Algorithms as Crackdown Persists
China kicked off a formal campaign to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd. to Tencent Holdings Ltd., taking aim at the way social media platforms serve up …
China Developer Rally Fueled by Fear and Greed Tests Policy Vow
The Chinese government’s pledge of support for embattled developers ignited a frenzied rush for stocks and bonds.Most Read from BloombergCanada to Ban Foreigners From Buying Homes as Prices SoarMocked …
Global Funds Cut China Bond Holdings by Record as Premiums Erode
Global funds slashed their holdings of Chinese bonds by the most on record last month amid the nation’s dwindling yield advantage over the U.S. and geopolitical uncertainties posed by the war in …
Interview: Britain-China cooperation helps build greener future for world, says City of London mayor
Cooperation between China and Britain, especially in finance, can help accelerate the transition to a greener future for the whole world, Vincent Keaveny, lord mayor of the City of London, has said.
Asia week ahead: Central bank decisions and several data reports from China
Bank of Korea will hold rate decision meeting without its governor Bank of Korea (BoK) will meet on 14 April for its rate decision meeting. Given …
China’s $2.3 Trillion Infrastructure Plan Puts America’s to Shame
Planned investment this year amounts to at least 14.8 trillion yuan ($2.3 trillion), according to a Bloomberg analysis. That’s more than double the new spending in the infrastructure package the U.S.
Capital Flight: Foreign Investors Exit China
The Russian invasion of Ukraine caused international investors to pause for thought on where their international investments reside. Are they seeing China in a new light?
HSBC Raises Stake in China Securities Joint Venture to 90%
Notably, in 2020, HSBC initiated a digital-first, hybrid financial management platform — HSBC Pinnacle — in mainland China to bank on the increasing wealth in the region. In December 2021 …
Arm has split away from its Arm China joint venture
Arm, one of the biggest chip manufacturers currently operating, has split from its Arm China joint venture. The British chip designer has now transferred its shares in this joint venture to an …
China’s draft financial stability law takes aim at ‘scattered’ rules governing systemic risks
The People’s Bank of China (PBOC) says existing legal framework ‘lacks overall design and cross-industry and cross-departmental arrangement’ New law will be ‘credit positive’ for Chinese financial …
