While the use of cryptocurrencies continues to gain attention, it is facing resistance from many governments. Banks in different parts of the world have their …
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China’s underlying inflation is not a big worry: Analyst
Steven Sun from HSBC Qian Hai explains why China’s inflation is still well contained even as the economy rebounds from the pandemic.
China’s April foreign exchange reserves rise to $3.2 trillion
China’s foreign exchange reserves, the world’s largest, increased in April from a month earlier, official data showed on Friday, as the U.S. dollar weakened during the month. BEIJING, May 7 (Reuters) …
China’s fiscal moves aid high-end development
ANN): China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country’s major strategic tasks and improve the well-being of the people, in a bid…
China’s lottery sales top 84 bln yuan in Q1
China’s lottery sales came in at 84.52 billion yuan (about $13.07 billion) in the first quarter of the year, data from the Ministry of Finance (MOF) shows, …
China sets investment quota for scheme to integrate Hong Kong, Macau
BEIJING: China set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under its Wealth Management Connect scheme that links …
China to Promote Real Estate Tax Legislation, Finance Minister Says
Finance Minister Liu Kun said today that China will “steadily advance” real estate tax legislation and reform. It is the second time Liu has mentioned the issue in an official document in the last six…
China: Central bank inserts USD1.5b of reverse repos
China’s central bank May 6, inserted 10 billion yuan (about USD1.5 billion) of reverse repos to sustain sensibly ample liquidity in the banking system. The interest rate for the …
Why China’s eventual aims with Taiwan could have a major global financial and economic impact
Martijn Rasser, senior fellow at the Center for a New American Security, discusses the rise in tensions between China and Taiwan, potential responses by the U.S. and G-7 countries, and whether Beijing …
Beijing targets overall development
Capital plans to make strides in science, culture and economic sectors in the next five years Beijing will make efforts to accelerate its scientific, economic and cultural developments during the 14th …
Foreign investors line up for China financial services play
Foreign financial institutions, or FFIs, are planning to increase investment in China’s commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to …
Chinese Regulators Order Tech Companies to Standardize Financial Businesses
The People’s Bank of China stated that some of the firms will need to set up financial holding companies to house certain parts of their businesses. Financial holding companies are subject to …
China’s opening of Hong Kong bond market for mainlanders signals Beijing hastening efforts to open capital account
China is likely to open up a southbound leg for its Bond Connect in the second half of the year, giving mainland investors easy access to foreign bonds in Hong Kong.
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