In its report on first-quarter monetary policy, the Chinese central bank focused on how the foundation for the domestic economic recovery is not solid.
Tagged By banking
China’s Central Bank Clips Wings of Two Third-Party Payment Providers
China’s central bank has narrowed the business scope of two third-party digital payment providers after reviewing the first 27 companies licensed to offer such services. Ant Group, Tencent Holdings …
China says its first Mars landing – of both a lander and a rover – is happening as early as Saturday
China’s National Space Administration said its Tianwen-1 spacecraft is expected to land on Mars between May 15 and May 19 local time.
China to Tax Dirty Oil Flows From Next Month Citing Pollution
China will start taxing imports of dirty fuels used to make lucrative but lower quality products from next month, citing pollution concerns and the need to promote fairness in the refining sector.
China stocks post weekly gains on financial, healthcare boost
China stocks climbed on Friday to end the week higher, as financial and healthcare firms gained, leading a rally in Asian markets as U.S. Fed officials allayed inflation fears.
China to charge consumption tax for imports of key blending fuels
China said on Friday it will levy a consumption tax on imports of several fuel blending components, including light cycle oil (LCO), mixed aromatics and diluted bitumen, effective from June 12.
China’s Liaoning province plans merging local banks as early as June -sources
China’s northeastern Liaoning province plans to start merging local banks into one provincial lender as early as next month, three sources with direct knowledge of the matter said, as the rustbelt …
China stocks rise as financial, healthcare firms rebound; Hong Kong up
HK daily quota used 3% * FTSE China A50 +1.8% SHANGHAI, May 14 (Reuters) – China stocks climbed on Friday as financial and healthcare firms gained, leading a rally in Asian markets as U.S. Fed…
Ex-UK PM Cameron grilled over links to bankrupt finance firm
Former British Prime Minister David Cameron said Thursday he never suspected that a financial services company he lobbied for would go under, threatening thousands of jobs at …
China stocks end lower on soft bank lending, Sino-U.S. tensions; Shanghai Composite Index closes 1% lower
The blue-chip CSI300 index fell 1.0 per cent to 4,992.97, while the Shanghai Composite Index shed 1 per cent to 3,429.54 points.
U.S. firms still face more restrictions in China than Chinese firms face in U.S., says AmCham
Industries in which U.S. companies operate at a disadvantage in China include health care and cloud computing, said the American Chamber of Commerce in China.
China stocks end lower on soft bank lending, Sino-U.S. tensions
China stocks ended lower on Thursday after the country’s latest bank lending data missed forecasts, and as Sino-U.S. tensions weighed.
China to increase financial support for epidemic-hit sectors China to increase financial support for epidemic-hit sectors
China will extend some of its pro-employment policies until the end of this year, further facilitate flexible employment and increase financial support for sectors that continue to be impacted by the …
