The China Development Bank (CDB), one of the country’s policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. The …
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Beijing to Distribute $6.3M in Digital Yuan to Its Citizens
PBoC and Beijing have announced a new digital yuan testing. Beijing plans to distribute $6.3 million worth of digital yuan to its citizens via red envelopes. The Deadline for citizens to register for …
China Allows Ant to Start Consumer Finance Unit Amid Overhaul
China is allowing Jack Ma’s Ant Group Co. to start operations at its consumer finance company, the first signs of progress after regulatory crackdowns that torpedoed the fintech giant’s record listing …
Ant Group consumer finance unit in Chongqing wins operating approval
Ant Group’s consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday.
Huarong Peers Tell Beijing They’re Worried About Dollar Funding
Two of China’s largest bad-debt managers have told the banking regulator they’re concerned about losing access to the dollar bond market in the wake of turmoil at China Huarong Asset Management Co., …
China Yuchai Appoints New Chief Financial Officer
China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) announced today that Dr. Thomas Phung Khong Fock resigned …
Ant Wins China’s Approval to Set Up Consumer-Finance Company
Ant will hold a 50% stake in the new entity, registered in Chongqing, with the rest held by six other shareholders.
Beijing accelerates development of service trade, FTZ
Beijing municipal authorities are accelerating the development of the city’s “two zones,” introducing a slew of business-friendly policies and continuing the city’s opening up to the outside world.
China aims to vaccinate 80% of its 1.4 billion people by the end of 2021
After a slow start, China is now doing what virtually no other country in the world can: harnessing the power and all-encompassing reach of its …
Beijing to dispatch digital RMB to individuals
Beijing will dispatch 200,000 red envelopes worth 200 yuan ($31.33) each to lucky applicants, the Beijing Local Financial Supervision and Administration on Tuesday.
US-China economic talks put spotlight on yuan exchange rate as currency continues to surge
The strength of the yuan is likely to renew attention on how China manages its exchange rate amid negotiations with the United States, analysts say.
China-US relations: economic chiefs Liu He, Janet Yellen in virtual talks
Candid’ exchange includes discussion of macro economic situation and importance of bilateral relationship, according to Xinhua.
China Focus: Beijing accelerates development of service trade, FTZ
Beijing municipal authorities are accelerating the development of the city’s “two zones,” introducing a slew of business-friendly policies and continuing the city’s opening up to the outside world.
