BEIJING, July 21 (Xinhua) — China’s Ministry of Finance on Wednesday earmarked 100 million yuan (about 15.42 million U.S. dollars) of disaster relief funds for Henan Province that has been ravaged by …
Tagged By banking
China Says It Will Continue to Open up Financial Sector
China will continue to open up its financial sector and improve rules for foreign banks and insurance firms entering the market, state media quoted the cabinet as saying on Wednesday. China has …
Central banks will accelerate rise of China’s yuan – OMFIF report
The Chinese yuan is on course to become a much more influential part of the global financial system with almost a third of central banks planning to add the currency to their reserve assets, a…
More than 60 foreign-funded financial institutions settle in Beijing
More than 60 foreign-funded financial institutions have settled in Beijing, Huo Xuewen, head of the Beijing Municipal Bureau of Financial Work, recently revealed. Huo said that Beijing, as one of …
China In Eurasia Briefing: Beijing Cautiously Treads Into Afghanistan
China’s uncertain role in Afghanistan’s future, BRI and boots on the ground, attacks on Chinese workers in Pakistan, and Ukrainian infrastructure. Read the latest China In Eurasia briefing for expert …
As China’s debt risks grow, here are 3 warning signs to watch
Weak spots are emerging in China’s growing debt pile, and high-profile cases are troubling markets. Here are three important developments to watch.
Markets haven’t even begun to reflect China-US decoupling risks
The writer is a research associate at Oxford university’s China Centre and author of ‘Red Flags: Why Xi’s China is in Jeopardy’ Investors have been given a clear warning of the decoupling dichotomy …
China’s slowing economic growth and potential headwinds may suggest fiscal loosening is imminent
China’s slowing investment approvals and lower-than-expected pace of government spending have fuelled debate over whether the country should be ramping up fiscal spending, particularly as economic …
Climate Change Failures In U.S. Boosting China Says Senate Banking Chair
Every time business grinds to a halt because an American factory wasn’t built to withstand extreme heat, or because a road is blocked by landslides, or because a power grid is shut down – that’s…
Crypto Flipsider News – July 20th – Digital Yuan, Bank of America, Ethereum Documentary, The ₿ Word, NFT News
US Senators Offer Ban on Using Digital Yuan for USA Olympic Athletes; Bank of America (NYSE: BAC) Plays in Bitcoin Futures Market; Cinema Time: Ethereum Documentary Starring Vital …
China Evergrande Group tumbles as Beijing tightens oversight of sector
Shares of China’s second-largest property developer by sales tumbled again on Tuesday after reports of an asset freeze.
How China’s Big “Bad Bank” Went From Safe Haven to Risky Bet
The Chinese government intended Huarong Asset Management to be a janitor that cleaned up toxic debt. But following the bribery conviction and execution of its former chairman, things went from bad to …
China Moves to Ease Child-Rearing Costs, in Drive to Boost Births
China said that it would reduce the cost of raising and educating children and shore up labor protections for women over the next five years.
