Recently, the People’s Bank of China issued the second financial technology development plan Financial Technology Development Plan (2022-2025), which put …
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China to put up financial court
BEIJING: China is looking into establishing a Chengdu-Chongqing financial court in a bid to step up judicial protection of the financial sector and serve the development of …
Starbucks defended at BofA with China overhang seen turning around
Bank of America reiterated a positive view on Starbucks on its view the long-term strength should not be overlooked due to the COVID-driven near-term weakness in China. Read more.
Posthaste: Why China won’t rupture ties with the West to help Russia when push comes to shove
Good Morning! As international sanctions mount against Russia over the invasion of Ukraine, one question looms, what’s China going to do? While Beijing’s relations with the Un …
What is China’s Swift equivalent and could it help Beijing reduce reliance on the US dollar?
The move to ban certain Russian banks from the Swift financial messaging system is likely to hasten the expansion of Beijing’s own cross-border payment network, analysts say.
How China can help Russia survive SWIFT sanctions
China could become Russia’s economic lifeline as major economies hit Moscow with a barrage of sanctions. On Saturday (Feb. 26), the US, the UK and the European Union increased their sanctions on …
Blaming China for stalled G20 debt relief plan is sheer nonsense
With developing countries lagging behind developed countries in economic recovery due to unequal vaccine accessibility among other reasons, the stalled G20 debt relief plan for distressed countries is …
Sanctions on Russia Puts Focus on China’s Central Bank
China’s central bank could provide a financial lifeline to Russia if Beijing decides to buck Western efforts to cut its strategic partner out of the global financial system.Most Read from …
Russia Invades Ukraine: China Opposes Sanctions After SWIFT Ban On Russian Banks
China’s Foreign Ministry opposed the use of ‘illegal and unilateral sanctions’ on Russia. This comes after some Russian banks were blocked from SWIFT.
China puts ‘aggressive’ terms on Uganda airport loan: researchers
A top Chinese lender has imposed “aggressive” repayment terms on a $200 million loan to expand Uganda’s international airport, US-based research lab AidData said Monday, criticising the bank for …
China to overhaul $36 trillion supply chain finance mechanism
The move will impact commercial banks, financial companies and commercial acceptance bill issuers. . Read more at straitstimes.com.
China’s monetary policy in 2022: The way forward
In 2022, China’s economy can retain its fundamentals of long-term growth and strong resilience. Yet, it will come under downward pressure at home, compounde …
China’s economy suffers blow as Beijing’s stimulus push fails to jolt construction
Recent data suggests there is no real turnaround in China’s construction industry yet, with the slow start to the year leading some economists to downgrade their growth forecasts.
