China’s bank lending increased less than expected in August, reports said citing data from the People’s Bank of China on Friday.
Tagged By banking
China Considers Ban on Overseas Tech IPOs
Wall Street Journal reported that China’s Securities Regulatory Commission is considering a ban on overseas initial public offerings (IPOs) for Chinese tech firms that possess large quantities of …
China to Pilot Pension Wealth Products in Four Cities
China will launch a pilot wealth management product scheme for retirees in four cities this month, the latest move by the country to build a multi-level pension insurance system. The pilot will begin …
China Fines Auto Chip Sales Companies for Driving up Prices
China market regulator said on Friday that it fined three auto chip sales companies for driving up prices, in a move to help auto production in the world’s biggest vehicle market. The State …
Common prosperity: Reform of China’s tax system under common prosperity goal
CGTN will run a series of stories to look into how the new policy shift has been reflected in reforms of its tax system, education, healthcare, jobs, market regulation and other fields. Here is the…
UPDATE 1-China launches long-awaited Wealth Connect, wrapping in HK, Macau
China kicked off on Friday a long-awaited scheme, called Wealth Management Connect, that links its southern province of Guangdong with Hong Kong and Macau, as Beijing moves to pull the two territories …
Lacking a better game plan, Beijing will pick off more industries
Alibaba Group Holding, Meituan, Didi Global and Tencent Holdings have seen billions of dollars in share value erased in recent months as Beijing has reined in the internet sector as part of a wider …
Xinhua Silk Road: Beijing Daxing rolls out preferential policies to bolster “two-zone” development
Daxing District in southern Beijing has announced a pack of business-friendly policies to bolster the “two-zone” construction of the capital city towards high-quality development.
China Aug new bank loans rise to 1.22 trln yuan, below forecast
Chinese banks extended 1.22 trillion yuan ($189.51 billion) in new yuan loans in August, up from July but falling short of analysts’ expectations as markets debate over whether more stimulus is needed …
China launches wealth management product pilots for retirement in four cities
China’s banking and insurance regulator said on Friday it will launch wealth management product pilots in four cities aimed at retail investors looking to boost their retirement savings.
China stocks rise after Sino-U.S. ‘candid’ talks; Hong Kong gains
China stocks rose on Friday after U.S. President Joe Biden and his Chinese counterpart Xi Jinping’s “candid” conversation, with Hong Kong shares gaining after a rebound in tech companies.
Why Beijing Wants BlackRock but Not Capitalism
Economists know China needs financial reform, but the Party won’t loosen political control.
China Development Bank vice-president detained in corruption probe
He Xingxiang is the third senior CDB executive to face a corruption probe during President Xi Jinping’s anti-corruption drive.
