The advent of the Fourth Industrial Revolution has spurred the development and integration of advanced disruptive technologies both within and across societies, with vast implications that extend from …
Tagged By banking
China central bank issues green finance assessment plan for financial institutions
China’s central bank on Wednesday issued a green finance assessment plan for financial institutions and said the results from such assessments …
China to reform bank deposit rates pricing regime, set new ceilings
China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders, sources said.
China’s producer prices surge the most since 2008, cutting into business profits
More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.
Game On! – USA Vs China – “Endless Frontier Act” Moves On Tech & Trade
In a major win for Senator Chuck Schumer, the U.S. Senate has taken the first step to fund a broad challenge aimed at competing with China and achieving world dominance in technology.
Beijing Plans a Slow Genocide in Xinjiang
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 …
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 …
