(Bloomberg) — China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people …
Tagged By banking
China’s banking sector likely to see profits grow by 5% in H1: report
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING — China’s banking sector is likely to see its profits grow by 5 percent in the first half of…
China Is Said to Ask Banks to Curtail Loans for Rest of Year
China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the…
World Bank chief expects G20 to extend debt payment freeze through end-2021
FILE PHOTO: World Bank President David Malpass attends the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo/File Photo WASHINGTON …
China provides strong financial support for poverty alleviation: white paper
BEIJING, April 6 (Xinhua) — The Chinese government has steadily increased funding and provided strong financial guarantee for winning the battle against poverty, said a white paper released Tuesday …
China Is Said to Ask Banks to Curtail Credit for Rest of Year
China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the…
Economic statecraft is a better option over war in the South China Sea
in which the U.S. would share technology and Japan would finance, the U.S. can reduce the cost to the exchequer. Second, the executive order signed by Biden to review supply chains should extend to …
Could US-China tensions hinder Beijing’s plans to integrate further with global financial markets?
China’s efforts to liberalise its financial markets, which have accelerated in recent years, mean more business for ICBC, which will act primarily as a local agent for foreign traders and provide …
China Adds To Clive Palmer’s $3.8 Billion Fortune
China made Clive Palmer one of the world’s richest people with a $3.8 billion fortune, according to the latest Forbes calculation, and China is about to make the outspoken Australian even richer.
China’s central bank optimizes bond transaction, circulation mechanism
BEIJING, April 5 (Xinhua) — China’s central bank has further optimized its bond transaction and circulation mechanism, aiming for higher efficiency while enhancing the ability of the bond market to …
Fintech key to China’s financial institutions for further digitalisation, Bairong CEO says
The digital economy is a key focus in the 14th Five-Year Plan (2021-2025), during which China aims to push forward the digitalisation of a raft of industries. The plan also highlighted the necessity …
Computer chip shortage, corporate America caught between US and China
The boom in Bitcoin mining is having an unintended consequence: it has driven up the cost of computer chips. Plus, the FT’s US-China correspondent, Demetri Sevastopulo, explains how China’s repressive …
NFTs in Beijing — ‘Who gets to decide the value of art?’
opened in late March at Beijing’s UCCA Lab. An exhibition of NFT art … many of the artists in the exhibition see the relationship between creativity and finance as fraught. Innovation in fundraising …
