The banknote features a watermark of Bing Dwen Dwen, the Olympic mascot. Many people waited in line for the limited edition commemorative coins and banknotes before the bank opened in Shanghai. Due to …
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Swiss banking on China’s Winter Olympics legacy
XU JINQUAN/XINHUA GENEVA－Switzerland Tourism, the national marketing and sales organization for the Alpine country, expects to reap long-term benefits from the Beijing 2022 Olympic Winter Games, …
China Tells Banks, State Firms to Report Exposure to Jack Ma’s Ant
after state-owned bad-debt manager China Cinda Asset Management Co. surprisingly backed out of a plan to take a major stake in Ant’s consumer finance unit. The fintech firm has yet to apply for …
After Another Developer’s Surprise Debt Crisis, China May Open Up To More Foreign Investment
One of the supposed bright spots in China’s real estate market is now on the edge of default, and the government may finally enact changes as a result.
China’s trade disputes with Australia, US and Japan push Beijing to alter course and plan accordingly
Experts say geopolitical and trade rifts could persist, but China is also looking to join larger multi-country pacts while ramping up investment in home-grown hi-tech innovation.
China’s central bank postpones regulation on cash withdrawals, deposits for ‘technical reasons’
China’s central bank said on Monday that it will postpone for technical reasons the implementation of a recent regulation that mandate financial institutions to verify clients’ identity and manage …
World Bank, IMF lending to Nairobi rise as Kenya-China loan deals drop
World Bank and the International Monetary Fund (IMF) have stepped up lending to Kenya over the past three years, which has seen Chinese loan deals reduce, firming the grip of Bretton Woods …
China’s Property Bubble Collapse Gets Worse
A few months ago, when investors started to discuss the troubles of Evergrande, China’s largest real estate developer, many economists saw the problem as isolated and insignificant.
Beijing sanctions Lockheed, Raytheon again over Taiwan arms sales
China has placed Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over arms sales to Taiwan, the government said on Monday, at least the third time it has announced punishments …
China’s central bank issues 25 bln yuan of bills in Hong Kong SAR
The People Bank of China PBOC issued 25 billion yuan about 394 billion US dollars worth of central bank bills in the Hong Ko …
Revising down our China GDP forecast
We are revising down China’s GDP forecast as monetary and fiscal policy is insufficient to make up for shortfalls elsewhere – consumption is lacking …
China Tells Banks, SOEs to Report Exposure to Jack Ma’s Ant
Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing scrutiny of …
World Bank debt rises in Uhuru’s last days as China loans drop
Kenya, on the other hand, was forced to drop a bid to extend debt relief with Beijing beyond June after Chinese lenders, especially Exim Bank, opposed the deal reached by the world’s richest countries …
