China’s Ministry of Finance said on Thursday it has asked Deloitte, one of the world’s “Big Four” accounting firms, to conduct an internal investigation, after an employee anonymously alleged auditing … ( read original story…
Tagged By banking
Tencent Executive Held by China Over Links to Corruption Case: WSJ
An executive at Tencent Holdings Ltd has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of China’s former top law-enforcement officials, the Wall … ( read…
China’s central bank expands digital yuan pilot to Beijing
The People’s Bank of China has launched the first large giveaway of the country’s digital yuan central bank digital currency to be held in Beijing. ( read original story …)
China central bank’s new venture signals digital yuan ambitions
The People’s Bank of China (PBOC) has set up a joint venture with SWIFT, the global network that processes transactions between financial institutions in different countries, public business records … ( read original story …)
Biden’s in no rush to engage China. Guess who’s trying to take advantage.
There is no question [Chinese leaders] see the U.S. shifting, at least rhetorically, to a more multilateral posture, and they want to make that difficult for us.” Biden’s approach has plenty of … ( read…
China’s central bank conducts 20b yuan of reverse repos
BEIJING – China’s central bank on Wednesday conducted 20 billion yuan ($3.11 billion) of reverse repos to keep liquidity stable in the banking system ahead of the Spring Festival holiday. The interest … ( read…
China consumer prices drop ahead of holiday
BEIJING–China’s consumer prices slipped into deflationary territory last month in year-over-year terms, while the country’s factory-gate prices began … ( read original story …)
China’s Factories Roll on, Upending New Year’s Spending Patterns
For the first time in her life, Zhang Sufang won’t be going home for the Lunar New Year. Instead the 37-year-old production supervisor is exchanging gifts with her parents and 16-year-old son by post ……
US-China Reset Key to Brighter Global Economic Prospects
That would foster global economic prospects. The reverse would undermine those prospects. In the United States, the third wave of the COVID-19 peaked with 250,000 confirmed cases daily after the … ( read original story…
China’s central bank downplays draining funds from banking system after worst cash crunch in six years
The People’s Bank of China has said the market should pay less attention to its liquidity operations and more to its interest rate adjustments. ( read original story …)
Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major … (…
China to advance green finance development: central bank
China will step up efforts to support green industries with innovative financial products and services, the country’s central bank said on Tuesday. The People’s Bank of China (PBOC) will push the … ( read original…
UPDATE 1-China Jan new bank loans hit record high, credit growth slows
China’s new bank loans surged to new highs in January boosted by seasonal demand, while broad credit growth slowed, as the central bank walks a tightrope between supporting a recovering economy and … ( read…
