China’s fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of 2021. According to data released by the Ministry of Finance, the country’s fiscal revenue exceeded 11.7 …
Tagged By banking
China Bans For-Profit School Tutoring in Sweeping Overhaul
China unveiled a sweeping overhaul of its $100 billion education tech sector, banning companies that teach the school curriculum from making profits, raising capital or going public.Beijing on …
Central bank encourages carbon market participation
China’s central bank is encouraging financial institutions to participate in the newly-established national carbon market, which will develop more derivatives for trading to achieve the country’s …
China’s EdTech Assault Hits Investors From Tiger to Temasek
Global investors from Tiger Global Management to Temasek Holdings Pte are reeling after China imposed the harshest curbs yet on its $100 billion private tutoring and online education sector.China on …
China confirms ban on for-profit tutoring in core school subjects – Xinhua
China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, a report in the official Xinhua news agency said on …
China bars for-profit tutoring in core school subjects -document
China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, news that sent shockwaves through its vast private …
Beijing Continues to Open Up Financial Sector, But Tightens Control Over Foreign Investment
China is committed to opening up its financial sector, according to a State Council executive meeting held on July 21. The meeting, attended by Chinese …
Beijing tutoring crackdown slams U.S.-listed Chinese stocks
Fears of increased of regulation from Beijing crushed U.S.-listed Chinese stocks on Friday following a Chinese government crackdown on private educators. U.S. shares of TAL Education Group and New …
WeChat mini programs for banking pose ‘significant’ risks of personal data leakage, says report
An official review of 50 personal banking mini programs on WeChat found that more than half did not encrypt user information, posing significant risks of data leakage.
At the Front Line : Reflections on the Bank’s Work with China over Forty Years, 1980-2020
It is clear that the World Bank from the very beginning provided honest and evidence-based advice to China, but China was always in the driver’s seat in structuring the relationship and in …
China’s foreign-currency bank deposits up 129.7 bln USD in H1
China bank deposits in foreign currencies increased by 1297 billion US dollars in the first half of this year a senior official …
As China pushes for use of carbon quotas as loan collateral, banks seek more clarity about creditors’ rights
China’s banking regulator’s call for banks to lend against carbon emission quotas has caused lenders to give a second look at its risks.
Asean nations left ‘exposed’ by global minimum corporate tax seen forging closer ties with China
A 15 per cent minimum corporate tax has been hailed as a way to improve the fiscal positions of countries hit hard by the pandemic, but it could be years before tangible results are seen.
