Henri Arslanian of PwC says China has seen the volume of digital currency transactions at $5.3 billion – putting it way ahead than other advanced economies — while others are just entering the digital …
Tagged By banking
China’s Evergrande Soars After Sorting Out Frozen Assets Dispute With Guangfa Bank
Shares of China Evergrande Group surged after the debt-ridden Chinese real estate developer announced that it had reached a consensus with China Guangfa Bank over a frozen assets dispute. Evergrande …
Sperm bank in China holds competition for university students to find out who has the most ‘vigorous swimmers’
A sperm bank in China struggling to get viable donors is holding a sperm fitness competition among university students to raise awareness about reproductive health.
China Offers Oil Reserves in Unprecedented Move to Cool Rally
China offered millions of barrels of oil from its strategic state reserves this month in an unprecedented move to try and quell inflation brought on by rising costs of everything from food to fuel.The …
China’s Latest Easing Sparks a Shift Through Its Local Debt
Issuance so far this year has only been about 1.48 trillion yuan, according to the Ministry of Finance. The People’s Bank of China reduced the reserve requirement ratio by 0.5 of a percentage …
China Evergrande says has solved legal disputes with Guangfa Bank
said in a statement on Thursday it has solved legal disputes with China Guangfa Bank and that the two sides will deepen business cooperation. A court in the eastern city of Wuxi this month ordered…
Once-a-century opportunities will emerge from a ‘struggle for supremacy’ between the U.S. and China, economist says
Liu Yuhui, chief economist at Tianfeng Securities and director at a government think tank, spoke at asset manager ChinaAMC’s investment strategy conference.
Beijing Recommends US Senators To Educate Themselves After Warning Against Using Digital Yuan At 2022 Winter Olympics
United States Senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis wrote a letter to the Board Chair of the United States Olympic & Paralympic Committee Susanne Lyons calling for restrictions …
US turns cyberspace into another anti-China battlefield, ‘futile to contain Beijing’
PM In an apparent attempt to contain China and as part of its ceaseless efforts to form an anti-China chorus among its major allies, the Biden administration is seeking to turn cyberspace into a new…
Finance Ministry issues 100m yuan for C China flood response
The Ministry of Finance issued an emergency relief fund of 100 million yuan ($15.45 million) on Wednesday to Central China’s Henan province, which was hit by flooding this week. A part of the fund -…
China earmarks 100 mln yuan of relief funds to flood-hit Henan
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 …
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…
