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 …
Tagged By banking
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 …
Baidu launches driverless taxi service in Beijing
Chinese tech giant Baidu rolled out its paid driverless taxi service on Sunday, making it the first company to commercialize autonomous driving operations in China.
China’s new digital currency will be another tool for its police state
Chinese authorities want to have a digital currency in widespread use, but privacy advocates worry about how much data they’ll be able to collect.
China’s Central Bank Works with Ant, Tencent to Develop Digital Currency
China’s central bank has signed a strategic cooperation agreement with Ant Group, the fintech affiliate of Alibaba Group, to help build a technical platform for its sovereign digital currency, state …
China sees more inclusive finance loans
BEIJING – China has issued more inclusive finance loans in the first quarter as government introduces more policies to support small companies and individuals, official data showed. In the first three …
Beijing’s double speak: Why China owes the United Nations more than mere lip service
News from Hong Kong on Monday again drew attention to the alarming deterioration of human rights there – and gave the international community a masterclass in the Chinese government’s insidious …
Hunter Biden continues to invest in equity firm linked to China’s central bank
First Son Hunter Biden continues to own a large stake in a Chinese private equity firm, in defiance of President Joe Biden’s pledge that his family would divest in foreign business interests.
China Orders Tech Giants to Unbundle Financial Services
Regulators tell the companies that the bundling of several financial services within a single platform obscured how much money was flowing into the various products, creating risks for the broader …
China Toughens War on Financial Scams Ahead of New Fraud Rules
China has ramped up a crackdown on financial scams, from cryptocurrency swindles to bogus patriotic fundraising that capitalizes on the coming 100th birthday of the ruling Communist Party, as new anti …
