U.S. senators are expected to grill Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, about his views on U.S. policy toward China at his confirmation hearing before ……
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China’s central bank joins cross-border digital currency pilot
China’s central bank will join a project looking at using central bank digital currencies (CBDC) for cross-border payments, the Bank of International Settlements said on Tuesday. HONG KONG, Feb 23 … ( read original story…
China stocks end lower, losses limited by gains in financials
China stocks closed lower in volatile trading on Tuesday, after a sharp correction the previous session, as worries over policy tightening weighed on sectors with lofty valuations, although losses … ( read original story …)
China’s Overseas Energy Lending Tumbles To Lowest Since 2008
China’s overseas energy financing dropped to the lowest level since 2008 after the pandemic hampered deal-making in developing nations. ( read original story …)
Beijing’s new rules up control over lending risk
BEIJING: China unveiled detailed requirements and quantitative indicators to further tighten control over risks in relation to commercial banks’ online lending business facilitated by their partners, … ( read original story …)
Wins Finance Holdings Inc. Announces Nasdaq Hearing Review Decision to Delist its Securities
Wins Finance Holdings Inc. (“Wins Finance” or the “Company”) (OTC: WINSF), a diversified investment and asset management company that … ( read original story …)
Online bank backed by Alibaba’s Ant Group joins China’s digital yuan pilot
The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot program, it said on Monday, as the Beijing’s expands trials aimed at eventually r … ( read original story…
China to tighten online lending rules from 2022 in additional measures to rein in fintech giants, pre-empt banking crisis
China’s national banks are the biggest winners under the new rules to be enforced from January next year, while online lending platforms and regional banks are likely losers as their wings are clipped … (…
China signals real financial opening up, but will it follow through?
Allowing people to change yuan into other currencies and then decide what offshore financial assets to buy would be revolutionary, as China has long barred its people from freely investing in such … ( read…
The week in review: Beijing calls for better Sino-US relationship, regulator restricts banks’ online lending
In this round-up, China urges the US to help improve their bilateral relationship, the banking and insurance regulator sets restrictions on lenders participating in the online loan market, and FTSE … ( read original story…
China’s central bank conducts 10 bln yuan of reverse repos
BEIJING, Feb. 22 (Xinhua) — China’s central bank on Monday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. ( read original story…
Chinese loans to Latin America plunge as virus strains ties
It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin America, a … ( read original story …)
Ant faces another setback in curbs on joint lending with banks
Jack Ma’s Ant Group and China’s other fintech giants were dealt another blow by new rules that target a lucrative growth area – joint lending with banks.. Read more at straitstimes.com. ( read original story…
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