SHANGHAI (Reuters) – A Beijing office of China’s central bank said on Tuesday it had ordered the shutdown of a Beijing-based software maker over its suspected involvement in cryptocurrency trading.
Tagged By banking
Why China is cracking down in its tech champions
President Xi Jinping’s government is reining in the country’s most powerful corporations and their billionaire founders, including Alibaba Group, Tencent Holdings and Didi Global. But why?
Fitch Rates Beijing Capital Development Holding’s Proposed USD Notes ‘BBB’
Fitch Ratings has assigned Beijing Capital Development Holding (Group) Co., Ltd.’s (BCDH, BBB/Stable) proposed US-dollar senior unsecured notes a rating of ‘BBB’. The proceeds will be used to …
Didi Shows China’s Tech Giants Must First Answer to Beijing
To the world’s investors, the saga over Didi Global Inc. has made China’s biggest tech firms a riskier bet as President Xi Jinping seeks to control one of the country’s most valuable resources: Big …
An MMT Economist Explains Why China Should Boost Fiscal Spending
Calls are growing louder for China’s government to boost fiscal stimulus regardless of high debt levels in the economy, an approach that’s drawn comparisons with an unconventional economic theory …
The Impact of Catastrophic Medical Insurance in China: A five-year patient-level panel study
Under a series of health care policy initiatives begun in the early years of the 21st century and spurred by national health reforms in 2009, China swiftly achieved universal health coverage (UHC) for …
China’s central bank emphasizes support for small businesses
China central bank has called upon banking financial institutions to enhance their capabilities of providing financial services to m …
China’s one-child policy has left many Chinese financial, e
Chinese parents have been facing dual trauma of financial and emotional devastation due to the country one-child policy revealed a new study on parental grie …
China to encourage lending to small firms, central bank says
China’s central bank said on Monday it would use re-lending, re-discount tools to guide financial institutions to lend more to small firms.
Warburg Pincus launches distressed asset venture in China
Warburg Pincus is launching an asset management company in China to target distressed opportunities across the country’s heavily indebted real estate sector. The US private equity firm said on Monday …
China PBOC Urges Increased Lending to Small Businesses
China’s central bank on Monday urged the nation’s banks to further step up lending to small businesses, while lowering their loan rates. The People’s Bank …
China’s Local Governments Roll Over More Debt to Ease Risks
Local governments in China have more than doubled bond sales to roll over maturing debt this year, helping to ease their repayment risk.Cities and provinces sold about 1.9 trillion yuan ($293 billion) …
Govt not to impose anti-dumping duty on certain copper items from China, 5 other countries
The government has decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thailand, Korea and three other countries, according to an …
