Foreign financial institutions, or FFIs, are planning to increase investment in China’s commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to …
Tagged By banking
Chinese Regulators Order Tech Companies to Standardize Financial Businesses
The People’s Bank of China stated that some of the firms will need to set up financial holding companies to house certain parts of their businesses. Financial holding companies are subject to …
China’s opening of Hong Kong bond market for mainlanders signals Beijing hastening efforts to open capital account
China is likely to open up a southbound leg for its Bond Connect in the second half of the year, giving mainland investors easy access to foreign bonds in Hong Kong.
Taiwan shores up allies as China threat looms
Taiwan’s Foreign Minister has backed a hardening of the Morrison government’s rhetoric towards China and says it is preparing for a ‘final assault’ by Beijing.
Xinhua Silk Road: S. China-located Guilin Bank sets up multi-tiered service network to boost rural vitalization
Guilin Bank, a local bank situated in south China’s Guangxi Zhuang Autonomous Region, incubated a multi-tiered service network characterized by widespread village-, town-, county- and city-level …
Chancellor: Central bank coin will crush the banks
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…
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 …
