In yet another sign that its economic strategy is focused on the long game, Beijing has vowed to provide 300 billion yuan (US$46.4 billion) in new loans to the nation’s small and self-employed …
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ByteDance downsizes finance-related business amid Beijing’s curbs on ‘irrational’ capital expansion
TikTok owner ByteDance, which has been diversifying its business beyond its widely popular short video-sharing app, has decided to downsize its financial services operations amid Beijing’s continued …
Beijing calls on France to ‘eliminate interference’ and push for better EU-China ties
Foreign Minister Wang Yi tells diplomatic adviser to the president that Paris should push to repair relations when it takes over rotating presidency of the bloc, in phone call ahead of European Union …
China to set up mainland’s third stock exchange in Beijing as Xi Jinping promises to set up more digital trade zones
Chinese President tells international services event that boosting the sector can help the post-Covid global recovery.
China’s financial markets are undergoing a purge, and US investors should get out while they still can
Make no mistake, what’s happening in China’s financial markets is a political purge, and there is no US investor who can be sure when it will end.
President Xi says China to set up stock exchange in Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies.. Read more at straitstimes.com.
China Tells Meituan, Didi to Fix ‘Misconduct’ by Year-End
Chinese regulators ordered car-hailing services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. to rectify instances of what the government considers misconduct by December, amping up …
China facing demographic, inflation risks ‘Japan never faced’, Beijing urged to act to avoid ‘big surprise’
Faced with new global demographic, inflation and deglobalisation challenges that even “Japan has never really faced”, China should take swift actions to counter their possible negative effects, a …
China Steps Up Monetary Support for Economy Hit by Virus
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.China ramped up financial support for small businesses and pledged better use of local government bonds …
China’s Weibo Bans Stock-Tip Accounts With Millions of Followers
One of China’s largest social media companies closed stock-tipping accounts with millions of followers as it heeds Beijing’s call to cleanse content deemed harmful to the country’s economy.Weibo Corp.
China to Send Banks Money for SMB Aid
China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for SMBs.
China Steps Up Monetary Support as Economy Takes Hit from Virus
China ramped up financial support for small businesses and pledged better use of local government bonds as the economy showed further signs of a slowdown because of tight property controls and fresh …
Graphic: China likely to quicken fiscal spending, but policy rate cuts not on the cards
At the same time, market yields are low enough that few expect a policy rate cut which would widen the Sino-U.S. monetary stance gap, risking a surge in capital outflows. “If some infrastructure …
