BEIJING – The People’s Bank of China on Thursday announced that it will carry out a 500-billion-yuan ($73.6 billion) one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain …
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Trump DOJ probing Harvard over ‘China-based’ financial aid programs
The Department of Justice said Monday it has opened a review into Harvard University‘s alleged China-linked financial aid programs to determine whether they unlawfully discriminate against students …
China-dominated central bank digital currency platform touts largest transactions to date
Bank of China uses mBridge for two cross-border transfers worth more than US$1.7 billion each, as CBDC platform gathers momentum.
China’s central bank bought 15 tons of gold last month — and a startling calculation suggests it could be worth $38,000 an ounce. Do you own any?
What makes the buying particularly notable is the timing.
DOJ probes Harvard over China-linked donations and foreign student aid
The Justice Department is investigating whether Harvard’s China-linked scholarships discriminated against American students …
Harvard financial aid probe by DOJ reflects growing scrutiny of China-related academic co-op; ‘chilling effect’ could undermine exchanges: expert
The US Justice Department has reportedly opened a review into Harvard University’s China-based financial aid programs, examining whether financial aid funded by Chinese donors discriminates against US …
DOJ opens probe into Harvard’s financial aid for alleged discrimination against American students
The DOJ is investigating whether Harvard allowed Chinese donors to create scholarships excluding American students, potentially violating the Civil Rights Act.
WeBank Wins The Asian Banker’s Best AI-Driven Bank of the Year Award in Asia Pacific
WeBank, China’s first digital bank and one of the world’s leading digital banks, has been named “Best AI-Driven Bank of the Year in Asia Pacific for 2026” at the 2026 TAB Global AI Excellence Awards…
China’s central bank keeps benchmark rates unchanged as property sector drags growth
The People’s Bank of China (PBOC) maintained its benchmark lending rates at record lows for the 14th consecutive month in July 2026. The widely anticipated pause reflects central bank caution over …
Chinese solar stocks rise as Beijing unveils consumption tax to force industry shakeout
Beijing’s new consumption tax on solar cells and lithium batteries ends an 11-year exemption, driving stock rallies and reshaping energy markets that affect …
China’s anti-corruption drive reaches former Development Bank president
China’s anti-corruption watchdog has launched an investigation into Ouyang Weimin, the former president of the China Development Bank (CDB), over suspected serious disciplinary and legal violations …
Awards for Excellence country/territory winners 2026: China’s best international bank – HSBC
In 2025, the bank was active in shaping access to China’s opening financial system, participating early in newly introduced interbank products, including bond repo and long-dated derivatives …
Citic Capital CEO on making China a financial powerhouse
Ex-Wall Streeter Zhang Yichen on attracting capital to China, building up its bond market and helping foreign firms better serve Chinese consumers Zhang Yichen is chairman and CEO of Citic Capital …
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