Central banks representing one-fifth of the world’s population are likely to issue their own digital currencies in the next three years, a survey by central bank umbrella group the Bank for … ( read original…
Tagged By banking
China Crushes a Highly Lucrative Bond Trade in Just 30 Days
China’s bond traders could buy sovereign debt with borrowed cash and net the best returns in almost seven years. Now they’re making next to nothing. ( read original story …)
China’s Crackdown Will Shake Up World’s Largest Fintech Market
In a four-year campaign to root out risks to China’s financial system, regulators have set upon their biggest target yet: the world’s largest financial technology sector. ( read original story …)
New pro-Beijing political party signals China’s future plans for HK
HONG KONG • As China moves to neutralise Hong Kong’s pro-democracy opposition, it is also giving the green light to a new political party that provides a window into how Beijing may change the ……
China’s Accelerated Recovery Key to Global Growth
Unlike other major economies, China has rebounded and its recovery is accelerating. It could fuel a third of global economic growth in 2021. With the Spring … ( read original story …)
China’s banking, insurance sectors to strengthen support for real economy
China banking and insurance sectors will ramp up support for the real economy and unveil measures to prevent financial risks in 202 … ( read original story …)
Hong Kong grills finance executives on reasons for leaving
Fund managers and bankers leaving Hong Kong for alternative financial centres have been asked to explain their decision to a range of government agencies amid … ( read original story …)
UPDATE 1-China to step up supervision of financial activities on internet platforms
China’s banking and insurance regulator on Wednesday said it would strengthen supervision over financial activities by banks and insurers with internet platforms, the latest attempt to rein in China’s … ( read original story …)
Jack Ma’s Ant Group reportedly plans to transform into a financial holding company overseen by China’s central bank
Jack Ma’s Ant Group becoming a financial holding company would give Chinese regulators oversight of all its activities, sources told the WSJ. ( read original story …)
Jack Ma’s Ant Group responds to regulatory pressure from China with major reorganization
Financial group led by Alibaba CEO is set to turn itself into a financial holding company overseen by China’s central bank. ( read original story …)
The Asian Infrastructure Investment Bank’s new mission
AIIB has been around five years but is aiming to expand its business after pivoting to address COVID-19. Here’s how the president defines its mission and the goals set to get there. ( read original…
Hong Kong asks departing finance executives to explain themselves
Fund managers and bankers leaving Hong Kong for alternative financial centres have been asked to explain their decision to a range of government agencies amid concerns that Beijing’s national security … ( read original story…
China central bank will back growth, watch debt risks, governor says
China’s monetary policy will continue to support economic growth and the central bank will watch debt and non-performing loan risks, central bank Governor Yi Gang said on Tuesday. ( read original story …)
