Long ago central banks secured a monopoly over the issuance of paper money. Now physical cash in the form of bank notes and coins is in terminal decline. But the monetary authorities don’t intend to…
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Australian port at centre of Beijing furore
A seemingly innocuous port in the Northern Territory is fast becoming the next flashpoint in the deteriorating relationship between Canberra and Beijing.
China’s bank wealth management market expands
China’s bank wealth management market expanded and saw more new investors in the first quarter of the year, showed industry data. The country’s banking system had 25.03 trillion yuan (about 3.87 …
China Forcing Financial Institutions to Go Green
Central Bank Governor Yi Gang said that Chinese financial institutions will have to…see the full story on our partner Magnifi’s site China regulation fintech esg green The views and opinions expressed …
New Chinese University In Hungary Puts Orban’s Beijing Ties In The Spotlight
The controversy over Fudan University’s Budapest campus — which would be the first Chinese university in the European Union — is the latest manifestation of the Hungarian government’s embrace of …
China Is a Paper Dragon
U.S. policymakers should look to the future with a little more confidence and a lot more trust in trade, markets, and the superior potential of a free people.
ASEAN plus China, Japan, South Korea vow to boost financial ties amid pandemic
Finance ministers and central bank governors from ASEAN, China, Japan and South Korea on Monday vowed to strengthen regional financial cooperation while providing continued support for countries hit …
Tokyo, Beijing, Seoul: targeted intervention for Covid hit countries
Joint interventions announced to stabilize the financial framework in Asia. Strengthen the agreement with Asean. Despite divisions over territorial and strategic issues, Japan and China maintain econo …
ASEAN plus China, Japan, S.Korea vow to boost financial ties amid pandemic
Finance ministers and central bank governors from ASEAN, China, Japan and South Korea on Monday vowed to strengthen regional financial cooperation while providing continued support for countries hit …
China increases financial support for rural water conservancies
China’s Ministry of Finance has allocated 57.4 billion yuan (8.88 billion U.S. dollars) to subsidize local water conservancy projects in 2021, up 3.1 percent from the previous year. The funds aim to …
Asian shares mostly lower; China, Japan closed for holidays
Shares were mostly lower in Asia in thin trading Monday, with some markets including those in Tokyo and Shanghai closed for holidays. The declines followed a retreat Friday on Wall Street, where the S …
China Is Opting Out of US-Run Financial System
If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.
China’s central bank mulls policy tools to support carbon emission cuts
China’s central bank is devising structural monetary policy tools that can provide direct support to the real economy in the pursuit of cutting carbon emissions. The policy tools will provide eligible …
