SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, a move … ( read original story…
Tagged By banking
SWIFT sets up JV with China’s central bank
SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, in a … ( read original story…
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
The interbank settlement organization SWIFT and subsidiaries of China’s central bank registred a joint-venture with the Chinese government. ( read original story …)
U.S. economic growth could surpass China this year and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
While President Joe Biden and Congressional Democrats insist the economy needs another $1.9 trillion stimulus package, St. Louis Fed President James … ( read original story …)
China’s Corporate Credit Stress Most Acute in Liaoning, Qinghai
China saw a record number of corporate defaults last year and that trend looks set to continue as policy makers try to tighten credit and pull back on stimulus this year. ( read original story…
IMAX China to Announce Full-Year 2020 Financial Results and Host Conference Call
IMAX China Holding, Inc. (“IMAX China,” HKSE: 1970) today announced it will hold a quarterly conference call to discuss its full-year 2020 financial results on Thursday, March 4, at 7:00 p.m. Eastern … ( read…
Brace for Wild Swings in China’s Data Distorted by Lockdowns
China watchers are in for a wild ride of economic data in the early months of 2021, giving a largely distorted picture of the recovery from coronavirus shutdowns a year ago. ( read original story…
Investors fear buoyant global markets vulnerable to China credit crunch
Investors warn the cheery mood in global stock and commodity markets could come to a violent end if Chinese policymakers tighten lending to prevent … ( read original story …)
Residents in East China pray for wealth in front of finance bureau
In some rural parts of China, people believe that burning incense in front of institutions related to finance, such as a bureau of finance or local banks, could bring the “God of Wealth” home and…
Ant Group reaches deal with China’s financial regulators on business overhaul – sources
An agreement between Ant Group and the regulators would lift a cloud of uncertainty hanging over the company and from across the financial technology industry. ( read original story …)
How China’s Liquidity Squeeze Got Markets All Rattled
China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary … ( read original…
China Drains Funds From Banking System as Cash Crunch Eases
China drained funds from the financial system after a key cost of short-term borrowing tumbled from its highest level since 2015, showing officials remain wary of excess liquidity. ( read original story …)
Ant crackdown heightens power of China’s top banking regulator
China’s crackdown on Jack Ma’s Ant Group has amplified the power of , China’s top banking regulator, who has led the charge against the financial technology group … ( read original story …)
