The largest banks in China may see easing pressure on their net interest margins, after they stayed in contraction in the first quarter, as lenders may extend fewer loans at the cheapest interest …
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China’s African take-over: How Beijing has built infrastructure, lent billions and located its first overseas military base there – as top US general warns more could follow in …
General Stephen Townsend, America’s top brass in Africa, warned this week of a new Chinese naval base in Africa that he said would allow it to project power across the Atlantic.
April: China’s forex reserves rise
China’s foreign exchange reserves expanded to $3.1982 trillion at the end of April, official data showed on Friday. The total was up by $28.2 billion, or 0.89 percent, from the end of March, according …
Banks continue to “block” cryptocurrency – CITIC Bank joins the growing list
While the use of cryptocurrencies continues to gain attention, it is facing resistance from many governments. Banks in different parts of the world have their …
China’s underlying inflation is not a big worry: Analyst
Steven Sun from HSBC Qian Hai explains why China’s inflation is still well contained even as the economy rebounds from the pandemic.
China’s April foreign exchange reserves rise to $3.2 trillion
China’s foreign exchange reserves, the world’s largest, increased in April from a month earlier, official data showed on Friday, as the U.S. dollar weakened during the month. BEIJING, May 7 (Reuters) …
China’s fiscal moves aid high-end development
ANN): China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country’s major strategic tasks and improve the well-being of the people, in a bid…
China’s lottery sales top 84 bln yuan in Q1
China’s lottery sales came in at 84.52 billion yuan (about $13.07 billion) in the first quarter of the year, data from the Ministry of Finance (MOF) shows, …
China sets investment quota for scheme to integrate Hong Kong, Macau
BEIJING: China set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under its Wealth Management Connect scheme that links …
China to Promote Real Estate Tax Legislation, Finance Minister Says
Finance Minister Liu Kun said today that China will “steadily advance” real estate tax legislation and reform. It is the second time Liu has mentioned the issue in an official document in the last six…
China: Central bank inserts USD1.5b of reverse repos
China’s central bank May 6, inserted 10 billion yuan (about USD1.5 billion) of reverse repos to sustain sensibly ample liquidity in the banking system. The interest rate for the …
Why China’s eventual aims with Taiwan could have a major global financial and economic impact
Martijn Rasser, senior fellow at the Center for a New American Security, discusses the rise in tensions between China and Taiwan, potential responses by the U.S. and G-7 countries, and whether Beijing …
Beijing targets overall development
Capital plans to make strides in science, culture and economic sectors in the next five years Beijing will make efforts to accelerate its scientific, economic and cultural developments during the 14th …
