Online community Bishijie is the latest casualty of Beijing’s crackdown on activities related to bitcoin and other cryptocurrencies.
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Foreign travelers to China will be able to use the digital yuan, central bank says
Mobile pay has grown rapidly in the last several years to become the dominant form of payment in China. However, the two primary mobile pay apps — operated by Tencent and Alibaba, respectively — …
China extends takeover period for 9 financial firms linked to Tomorrow Holdings
(CSRC) The six firms taken over by the CBIRC are Tianan Property Insurance Co of China, Huaxia Life Insurance Co … The extension of the takeover period is to resolve the financial risks as soon…
Hong Kong stocks trim gains as traders assess China slowdown, Biden’s warning on city
Hong Kong stocks fall as traders see limited policy stimulus from China to stem a deeper economic slowdown, while Biden prepares to warn US businesses about doing business in the city.
U.S. Warns Businesses Over Rising Risks in Hong Kong Under China Crackdown
The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip on the city causes business conditions to deteriorate.
How Defaults in China Are Reshaping Its Credit Market
After three record years of bond defaults, Chinese policy makers rushed when the pandemic hit to prevent another wave of missed payments. Now they are taking advantage of a strengthening economy and …
Fitch Affirms Beijing Shougang Fund at ‘A-‘; Outlook Stable
Fitch Ratings has affirmed Beijing Shougang Fund Co., Ltd.’s (Shougang Fund) Long-Term Issuer Default Rating (IDR) …
In Beijing, digital currency a current trend
CNY, is pictured at a shopping mall in Shanghai, on May 5, 2021. [Photo/Agencies] In Beijing’s Fengtai district on Wednesday, a college student paid tuition using e-CNY, or digital yuan. It was the …
Ericsson warns of China retaliation following Sweden’s Huawei ban
Ericsson’s sales plunged in China as the Swedish telecoms equipment maker warned it was likely to suffer retaliation due to Sweden banning its Chinese rival Huawei from building 5G networks in the …
China central bank says it will steadily push forward digital yuan pilots
REUTERS/Aly Song 2/2 BEIJING (Reuters) – China’s central bank said on Friday it would steadily push forward pilot schemes to develop its digital yuan, and will not set a timetable for rolling out the …
Wall Street banks’ IPO fees could come under pressure from mainland rivals if Beijing forces tech firms to list in Hong Kong
Some of Wall Street’s biggest banks could potentially lose hundreds of millions of dollars in lucrative investment banking fees if China’s new rules on foreign listings force tech unicorns to list …
What China’s Junk Bond Sell-Off Means
Chinese junk-rated dollar bonds have seen their worst sell-off since the depths of the March 2020 pandemic. As regulators seek to curtail borrowing in the debt-laden property market, some investors …
China-backed development bank AIIB makes first move into Sub-Saharan Africa
The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first project in sub-Saharan Africa on Thursday, adding to a growing list of international development banks now moving into …
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