e-finance, artificial intelligence, big data and cloud computing. The president also sought efforts to ensure stronger political loyalty among China’s lawyers. “[We] must strengthen political guidance …
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China’s digital currency racks up ‘a couple of million’ yuan of payments per day at the Beijing Winter Olympics
with “a couple of million” yuan of payments being made each day in its latest trial during the Beijing Winter Olympics, a senior official with the People’s Bank of China (PBOC) has said. China is…
Canadian curler Rachel Homan ‘in the deepest of black holes’ after Beijing Games exit
Two-time Olympic curler Rachel Homan is having a hard time after her Beijing Games elimination. Homan took to Twitter on Tuesday to express her support for the gold-winning Canadian women’s speed …
Pakistan’s poor foreign exchange reserves, lack of financial reforms increase its dependency on China: Report
Washington [US], February 16 (ANI): Pakistan’s poor foreign exchange reserves and lack of financial reforms have increased its dependency on China, according to a media report. “Pakistan’s problem is …
China’s Macro Leverage Ratio Could Start to Rise This Year, Think Tank Says
There are many factors which could hamper economic growth this year, Liu Lei, secretary-general of the Research Center for National Balance Sheet at National Institution for Finance and Development …
China’s ‘Common Prosperity’ Drive Positive for Wealth Management Industry – UBS
The swelling China onshore wealth has lured foreign firms … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more.
BRI: Have we passed peak China?
“There is definitely evidence of a shift in where finance is going,” adds Chen. “China seems to have a more specific and targeted approach. Its financial institutions are learning, recognising past …
Chinese policy bank increases ecological support in Yellow River
The China Development Bank, one of the country’s primary policy banks, granted 149.6 billion yuan (23.57 billion U.S. dollars) in loans to support ecological protection and high-quality development in …
China’s Inflation Slows, Giving Central Bank Room to Ease Policy
China’s inflation eased in January, providing Beijing with more leeway to shore up the economy ahead of a key political leadership meeting later this year. The producer price index rose 9.1% from a …
Brother of Seoul envoy to Beijing suspended for misselling of funds
South Korea’s financial regulator on Wednesday decided to suspend Jang Ha-won, the chief executive of Discovery Asset Management from his duty, and fine the state-run Industrial Bank of Korea for …
UBS Sees China Private Banking Revenue Pool Hitting $163 Billion
High-net-worth individuals in the world’s most populous nation may have 214 trillion yuan of investable assets by 2030, marking an annual growth of 14% from 2020, May Yan, the bank’s head of Greater …
China to work with Asian neighbours to grow use of local currencies over US dollar in trade, investment
China will work with Asian countries to strengthen the use … which cut demand for the US dollar. Indonesian Finance Minister Sri Mulyani Indrawati said LCS arrangements should be replicated more …
What China means by “high quality” economic growth
Load Error Before attempting to define “high quality” growth, it’s helpful to take stock of what GDP—a measure of economic production and growth—means in China. Michael Pettis, finance professor at …
