Delivering his budget speech in Parliament on Wednesday amid an economy ravaged by COVID-19 and the associated lockdowns, Mbowani said the damage caused by the pandemic runs deep, but “we are not … ( read…
Tagged By banking
China conducts second central bank bills swap in 2021
The People Bank of China the central bank said it will conduct this year second central bank bills swap CBS operation on Thursd … ( read original story …)
U.K. Money Manager Starts New Fund to Buy Yuan Bonds in China
Stephen Jen, known in investing circles for his “dollar smile” approach to evaluating the greenback, has stepped up his bet on the Chinese currency that’s trying to unseat its U.S. rival in global … (…
Hong Kong budget: what did finance minister Paul Chan do right and why are pro-Beijing lawmakers still grumbling?
Relief measures and stamp duty welcomed by industry leaders, and while politicians applaud HK$5,000 spending voucher, some say it was not enough to alleviate concerns over unemployed. ( read original story …)
China’s digital currency goes global as domestic trials expand
The People’s Bank of China leads the world in digital currency pilots, and now the virtual yuan is going global. ( read original story …)
Exclusive: Chinese Banks, Australia’s Macquarie Tiptoe Into Asian Oil Finance Void
Chinese national banks and Australia’s Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a … ( read original story …)
Cerus Corporation and Shandong Zhongbaokang Medical Implements Partner to Establish Joint Venture in China
Cerus Corporation (Nasdaq: CERS) and Shandong Zhongbaokang Medical Implements Co. Ltd. (ZBK) today announced that they are forming a joint venture (JV) with the intent to develop, obtain regulatory … ( read original story …)
Finance Lease Market to Witness Huge Growth by 2025: CDB Leasing, BOC Aviation, HSBC Bank
Stay up-to-date and exploit latest trends of Finance Lease Market with latest edition released by AMA. This intelligence report provides a comprehensive analysis of the “Global Finance Lease Market. ( read original story …)
China Hands Out Free Money, Adds Chengdu To Digital Yuan Test Cities
The southwestern Chinese city of Chengdu will give out over $6 million in the latest test drive of the central bank’s digital currency. ( read original story …)
Biden will review tech supply chains to reduce dependence on China
President Biden is reviewing supply chains for processors, batteries and other key tech companies to reduce dependence on China. ( read original story …)
Boris Johnson suggests no UK boycott of Winter Olympics in Beijing
Boris Johnson has indicated the UK will not boycott the Beijing 2022 Winter Olympics despite China facing “genocide” claims. The Prime Minister said the the Government is “not normally in favour of … ( read…
China forex regulator calls for greater oversight of overseas entities, but avoid ‘US-style financial hegemony’
The State Administration of Foreign Exchange says legislation ‘must avoid US-style financial unilateralism’, embrace multilateral cooperation and focus on Chinese firms overseas. ( read original story …)
Young: China Is Dependent On U.S. Financial System To Fund Their “Slaveholder State”
Sen. Todd Young of Indiana used his time in the Senate confirmation hearing of Deputy Treasury Secretary nominee Wally Adeyemo to put pressure on the Biden Administration not to undo certain Trump Adm … (…
