The government is considering a plan that would see a unit of the People’s Bank of China assume more than 100 billion yuan ($15 billion) of Huarong’s assets, Bloomberg News reported. That would be a…
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Jack Ma’s Ant shrinks money market fund as Beijing cracks down
Ant Group’s money market fund has shrunk to a more than four-year low as users shifted their cash in the face of China’s crackdown on Jack Ma’s payments group. Funds invested in Ant’s flagship Yu’e…
G20 Comes to the Rescue as China Drives Poor Countries to Bankruptcy
However, Japanese Finance Minister Taro Aso says, “It is meaningless for us to provide assistance [through international cooperation] if it is just going to be used to pay back China.” …
China’s short-selling of stocks nears record high
The value of shares investors in China’s onshore stock markets have borrowed to sell short reached 151.9 billion yuan ($23.4 billion) on Wednesday, data from the China Securities Finance Corporation …
China to jointly promote green development on global scale
China will enhance communication and exchanges in green finance with countries around the world to jointly promote green development, said Yi Gang, governor of the People’s Bank of China (PBoC), on …
‘Diplomatic Boycott’ of Beijing Olympics Added to China Bill
A proposal aimed at limiting U.S. participation in the Winter Olympics in Beijing was approved by a Senate committee as part of broader legislation targeting China that could reach the Senate floor …
Another exec at China’s biggest policy bank accused of graft
A former operating chief of China Development Bank, the nation’s biggest policy lender, has been placed under investigation by the Communist Party’s graft-buster on suspicion of taking bribes worth …
China Considers Supporting Huarong With Central Bank Funds
China is considering a plan that would see the central bank assume more than 100 billion yuan ($15 billion) of assets from China Huarong Asset Management Co., helping the state-owned company clean up …
China should not rush on digital yuan for cross-border payments -former c.bank head
China should not rush to use the digital yuan for cross-border payments due to regulatory obstacles and foreign concerns about it’s global impact, Zhou Xiaochuan, the country’s former central bank …
China shares rise on boost from healthcare, banking stocks
China shares rose on Wednesday with healthcare and banking stocks leading the gains, as investors cheered upbeat quarterly earnings results. BEIJING/SHANGHAI, April 21 (Reuters) – China shares rose on …
China’s Shadow-Financing Sector: Policy Focus Shifting Toward Financial Stability
The continued regulatory reform in China’s ‘shadow financing’ system supports the development of a healthier financial system that includes reliable alternativ …
Experts react to China’s explosive quarterly growth: media
China’s economy expanded 18.3 percent in the first three months of 2021, its fastest year-on-year rate for any quarter on record, the Financial Times reported on April 16, highlighting the strength of …
China central banker urges three-pronged approach to green finance
Yi Gang, governor of the People’s Bank of China (PBoC), has outlined key steps to meet bold climate ambitions.
