In January, the U.S. government determined China’s actions in its northwestern Xinjiang Uyghur Autonomous Region constituted genocide against its Uyghur ethnic minority population. Four other national …
Tagged By banking
China’s May new yuan loans seen falling as central bank scales back stimulus – Reuters poll
New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid …
China property: tax authorities’ enhanced oversight of land-sale revenue seen as ‘mixed bag’, and runaway prices may drop
New method of collecting money from land sales is intended to help China’s tax authorities better trace the flow of funds and defuse local debt risks.
China pushes new candidate towards top of Huarong Asset Management
China’s banking watchdog named Liang Qiang, an asset management veteran, to the senior post of deputy communist party boss at China Huarong Asset Management Co (2799.HK), the state-run firm that has …
Exclusive: China Tells PetroChina to Stop Trading off Oil Quotas With Teapots
Chinese authorities have ordered a unit of state-run PetroChina to stop trading off crude oil import quotas with local refineries as part of a crackdown on excessive fuel production, a move that could …
Hong Kong leader Carrie Lam says Beijing’s anti-sanctions law will give US, others ‘a taste of their own medicine’
Chief Executive Carrie Lam accuses Western countries of violating international norms with their own sanctions, saying new law will give foreign governments ‘a taste of their own medicine’.
China Tells Banks to Stress Test Their Evergrande Exposure
Chinese regulators have instructed major creditors of China Evergrande Group to conduct a fresh round of stress tests on their exposure to the world’s most indebted developer, according to people …
Hong Kong risks its global finance status over Covid isolation
There has been more outspoken criticism of Hong Kong government policy from business and finance circles in the past two months than in two years of political and social turmoil. A slow Covid-19 …
Why Chinese millennials are stopping at one child – And it’s a problem for China
Having a second child is like buying a sports car.” Why China’s millennials think having more than one child is “not a good financial model.” …
China Flexes Anti-Crypto Muscle, Blocks Weibo’s Crypto Influencers
China blocked cryptocurrency and decentralized finance (DeFi) accounts and influencers from Sina Weibo, the Chinese equivalent of Twitter.
China digital currency: when will the e-yuan be launched, and what will it be used for?
China began exploring the concept of a sovereign digital currency in 2014, and has already distributed some 200 million yuan (US$30.7 million) as part of pilot projects across the country.
Huarong shows Beijing’s fear of roiling credit markets
Investors are heaving a sigh of relief after reports Beijing is weighing up a rescue of state-backed financial giant China Huarong Asset Management.
China trade: imports grow at fastest pace in a decade as trade surge continues
China’s exports grew by 27.9 per cent in May compared with a year earlier, while imports grew by 51.1 per cent last month.
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