(NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), one of China’s leading internet and online game services providers, today announced that it will report financial results for the fourth … ( read original story…
Tagged By banking
China’s central bank conducts 100 bln yuan of reverse repos Friday
China central bank on Friday conducted 100 billion yuan about 1545 billion US dollars of reverse repos to maintain liquidity ah … ( read original story …)
Fake accounts gain traction as they praise China, mock US
A pro-China network of fake and imposter accounts found a global audience on YouTube, Facebook and Twitter to mock the U.S. response to the COVID-19 pandemic as well as the deadly riot in Washington ……
China’s SWIFT joint venture shows Beijing eyeing global digital currency use, to internationalise yuan
Finance Gateway Information Service was registered in Beijing last month, with SWIFT the largest shareholder followed by a wholly-owned domestic settlement subsidiary of the People’s Bank of China … ( read original story …)
Bank of China raises US$500 million in first offering of Yulan bonds, as Beijing seeks to tap funding in Europe
Bank of China has become the first company to sell Yulan bonds, a new debt product that links Chinese companies with global investors, as the Asian country seeks to widen its funding access amid ……
UPDATE 1-Hong Kong banking regulator says business as usual, no fund outflows
Hong Kong is not seeing fund outflows following Beijing’s imposition of a national security law in the Asian financial hub, a top executive at the city’s banking regulator said on Thursday. ( read original story…
China fury: Biden threatens ‘fresh arms race’ amid Beijing’s ‘new source of US tensions’
CHINA’s “new source of tension” with the US has been identified by a group of political risk analysts, in what the experts warned could “quickly become a new arms race”. ( read original story …)
China debt: Guizhou among indebted western areas facing ‘greatest’ repayment pressure amid default fears
Confidence in the ability of local governments in China to repay debts was been hit by a series of unexpected defaults by state firms controlled or owned by major provinces late last year. ( read…
Ant and China Banks Are Reining In Joint Loans to Consumers
Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China. ( read original story…
UPDATE 1-SWIFT sets up JV with China’s central bank
SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, a move … ( read original story…
SWIFT sets up JV with China’s central bank
SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, in a … ( read original story…
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
The interbank settlement organization SWIFT and subsidiaries of China’s central bank registred a joint-venture with the Chinese government. ( read original story …)
U.S. economic growth could surpass China this year and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
While President Joe Biden and Congressional Democrats insist the economy needs another $1.9 trillion stimulus package, St. Louis Fed President James … ( read original story …)
