China’s central bank is set to “timely replenish” liquidity shortfalls before the Lunar New Year holiday, the state-owned China Securities Journal said on Wednesday. The People’s Bank of China (PBOC) …
Tagged By banking
China Huarong Tumbles More Than 50% After Resuming Trading
By Gina Lee Investing.com – China Huarong Asset Management Co. Ltd.’s Hong Kong shares had a hard fall on its first trading day resuming from a nine-month suspension. The shares dived 52.94% to …
China’s Cyberspace Regulator to Require Security Reviews for Apps That Influence Public Opinion – Draft
China’s cyberspace regulator on Wednesday issued draft rules governing mobile apps, stating that apps with functions that could influence public opinion will need security reviews. The regulator added …
Everbright Sun Hung Kai, Manulife and Prudential expanding in Macau amid Beijing’s moves to diversify gambling hub’s economy
Everbright Sun Hung Kai, Manulife and Prudential are among companies from Hong Kong that are expanding in Macau, as they look to take advantage of policies introduced by Beijing to diversify the …
Beijing faces financial market test
SHANGHAI: A wall of maturing debt and a surge in seasonal demand for cash will test China’s financial markets this month, putting pressure on the central bank to ensure sufficient liquidity. Demand …
China Huarong Falls 40% as Trading Resumes After 9-Month Halt
China Huarong Asset Management Co. slumped 40% in Hong Kong as a nine-month trading suspension was lifted following a $6.6 billion state-orchestrated bailout of the troubled bad asset manager. The …
X Daily: Five Things to Know About China’s Plan to Stabilize Growth in 2022
Growth / Five things to know about China’s plan to stabilize growth in 2022. Stabilizing economic growth has reemerged as the top priority of China’s policymakers as the world …
Wang Yi’s visit underscores value Beijing attaches to Africa
Chinese Foreign Minister has embarked on the traditional start of year trip to Africa with Wang Yi visiting Eritrea, Kenya and Comoros.
China’s Finance Crackdown Ensnares More Than 20 Officials (1)
China’s anti-graft crackdown has so far brought down more than 20 financial officials as authorities step up scrutiny over the nation’s $54 trillion financial system at a time of growing turmoil in …
China’s central bank issues financial technology development plan
China has released a plan for the development of financial technology from 2022 to 2025 under efforts to spur the digital economy with an improved modern financial system, according to the country’s …
IEEFA: Accepting gas is unsustainable will bolster China’s position on green energy finance
As some green taxonomies compromise on gas, China’s own exclusion of fossil fuel electricity projects sends the right market signal …
People’s Bank of China launches digital Yuan app alongside FinTech plan
The People’s Bank of China (PBOC) has kicked off 2022 with rigour, hitting a major milestone for the introduction of the digital Yuan (e-CNY) and laying out this year’s strategy for delivering its …
Digital yuan app goes live on app stores, ready for Beijing Winter Olympics
The beta version of the digital yuan wallet app went live on Apple’s App Store and Android app stores on Tuesday, ready for the broad use by domestic and international customers during the upcoming …
ADVERTISEMENT
