HSBC’s Hong Kong unit has joined China’s worldwide interbank renminbi payment system (CIPS) as a direct offshore participant, according to a company statement.
Tagged By banking
China c.bank conducts medium-term loan operation, with rate unchanged
China’s central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged.
Global financial community gathers for Sibos 2024 in Beijing
The Swift International Banker’s Operation Seminar 2024 (Sibos 2024) taking place for the first time in Beijing signifies that China is welcoming global financial institutions to participate in the …
China’s Central Bank Holds Key Policy Rate Steady
The People’s Bank of China kept a key policy steady, a widely expected move after officials made a flurry of rate cuts last month to support the ailing economy.
China’s Central Bank Holds Key Policy Steady
The People’s Bank of China kept a key policy steady, a widely expected move after officials made a flurry of rate cuts last month to support the ailing economy.
China central bank conducts medium-term loan operation, with rate unchanged
China’s central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged. The People’s Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one …
China Refrains From Cutting Policy Rate Following Record Trim
China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support …
HSBC splits up bank amid growing tensions between China and the West
HSBC has unveiled a sweeping overhaul of its bank separating its UK division from its Asia business amid growing geopolitical tensions between China and the West. The lender on Tuesday announced that …
Gold’s Future Depends Crucially on China
Gold prices are being driven by demand in Asia, and savers in East Asia are only too aware of risks stemming from the China-US economic war.
In the News: DJI Sues Pentagon; Beijing Fills Financing Gap Left By VCs; and China Approves BNP and Prudential Insurance Companies
The world’s largest drone manufacturer fights allegations by the U.S. Defense Department, Commerce Department, and House of Representatives; Chinese government invests in Chinese startups after U.S.
China’s Retirement Age Will Jump. Young Workers Will Still Pay a Price.
With high youth unemployment and older workers reluctant to retire later, China’s pension system is running dry.
Thaw in China Ties Unlikely to Deter India’s Plans for Steel Tariffs, Source Says
Signs of thawing ties a day after the leaders of India and China met are unlikely to deter New Delhi’s plans to back tariffs on steel as they are not country-specific measures, a senior government…
Defend euro against China-Russia push for alternative currency: Europe’s bank chief
Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation European Central Bank President Christine Lagarde made a case …
