China’s economy expanded 18.3 percent in the first three months of 2021, its fastest year-on-year rate for any quarter on record, the Financial Times reported on April 16, highlighting the strength of …
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China central banker urges three-pronged approach to green finance
Yi Gang, governor of the People’s Bank of China (PBoC), has outlined key steps to meet bold climate ambitions.
China Huarong Is a Test for Beijing’s Financial Reform Drive
China has been trying to get its SOEs to slim down. Although this is mostly a domestic affair, once in a while, its reform agenda can clash directly with foreigners’ interests. China Huarong Asset …
Goldman Sachs Appoints New Co-Head of China Investment Banking
Goldman Sachs Group has named Sean Fan as its new co-head for investment banking in China.
China to require financial institutions to move towards green finance – c.bank gov
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals, central bank governor Yi Gang told the Boao …
How a sweeping US infrastructure plan might spur financial havoc in China
Economists debate whether a proposed US$2 trillion infrastructure programme would cause American inflation that could be exported overseas.
China to require financial institutions to move towards green finance – central bank gov
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals, central bank governor Yi Gang told the Boao …
China to Require Financial Institutions to Move Towards Green Finance – Central Bank Governor
There are still some problems in China’s green finance development and the central bank will require financial institutions to make transitions towards green finance, central bank governor Yi Gang …
China leads the world with new state-backed digital currency
In a push to dominate global financial technology, the Chinese government is aiming to roll out the world’s first state-backed digital currency.Why it matters: China’s new currency could set global …
China’s Netzero Goal Poses Threat to Finance Sector, Ex-PBOC Adviser Says
China’s pledge to become carbon neutral by 2060 poses an existential threat to polluters that could have ramifications for the financial sector, a former central bank adviser said.
China Needs Structural Reform for Economy, Ex-IMF Official Says
China faces huge structural problems in its economy as the government fell back to its old playbook of investment-driven growth last year, said Zhu Min, a former deputy managing director of the …
The Middle East of batteries? U.S. lawmakers race to counter China’s dominance
Washington is racing for money to build batteries for cars and the electric grid, but despite the bipartisan “Buy American” rhetoric, not enough may be done to counter China’s lead.
For Huarong, China’s biggest bad bank, it’s bailout or bust
China’s biggest bad bank, which was created in 1999 to take bad assets from the country’s biggest bank, has degenerated into a really bad bank after 22 years, and it may need to rescued by…
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