As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch.
Tagged By banking
China’s digital yuan could bring surveillance state to wallets at expense of US dollar
China’s emerging digital currency could enhance the yuan’s importance in the international financial system at the expense of the U.S. dollar and extend the Chinese surveillance state into wallets …
China to lift HK, Shanghai’ roles as global financial hubs in broad plan for capital market
China’s chief securities regulator on Saturday set the tone for the prospects of the development of China’s capital market, with an emphasis on promoting the roles of Hong Kong and Shanghai as …
China’s provinces fall deeper into local government debt mire, study finds
The debt problem for all but one Chinese provinces is worsening as local authorities continue to rely on debt to finance big-ticket spending programmes, according to a joint review of local government …
China’s regulated open-end funds surpass that of Japan, Australia to top Asia-Pacific
The scale of China’s regulated open-end funds topped the Asia-Pacific region with $2.66 trillion in 2020, surpassing that of Japan and Australia, according to data released by the Investment Company …
NASA accuses China of ‘failing to meet responsible standards’ as rocket reportedly lands in Indian Ocean
China’s Long March 5B rocket crashed back to Earth on Sunday morning, landing in the Indian Ocean just west of the Maldives, the China Manned Space Agency announced. Most of the debris from the rocket…
China’s outstanding loans to private businesses up 29 pct
China outstanding loans to individual businesses stood at 54 trillion yuan about 8349 billion US dollars at the end of March a …
China to Extend Financial Relief for Small and Micro Companies
China will extend financial relief measures for small and micro businesses, the Ministry of Finance said in a statement. Provinces and regions will be encouraged to lower loan guarantee costs for …
China Bank declares P2.69-B cash dividend
China Banking Corporation has declared cash dividends amounting to P2.69 billion or P1.00 per share. During the firm’s annual stockholders’ meeting, the China Bank Board of directors said this is …
Nepal to airlift oxygen cylinders from China for COVID-19 patients
Nepal is preparing to take delivery of oxygen cylinders from China early next week as the Himalayan country faces an acute shortage of oxygen due to growing needs of COVID-19 patients, Nepali …
China Bank declares P2.9-B cash dividend
China Banking Corporation has declared cash dividends amounting to P2.69 billion or P1.00 per share. During the firm’s annual stockholders’ meeting, the China Bank Board of directors said this is …
Adidas shrugs off China boycott call to raise outlook
By Emma Thomasson BERLIN (Reuters) -German sportswear company Adidas sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday …
Dovish RBA and rising Canberra-Beijing tensions to restrain AUD’s performance – Rabobank
“Compared to its peers, the RBA is very candid in its acknowledgement that QE plays a pivotal role in lowering the value of the exchange rate,” note Rabobank analysts. Key quotes …
ADVERTISEMENT
