China will step up economic policy adjustments this year, Zheng Shanjie, the head of the state economic planner, told a news conference on Wednesday, adding that the government’s 2024 growth target of …
Tagged By banking
China should establish property presale fund to support developers, former c.bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme
Hong Kong’s leading banking and finance firms are being bombarded with inquiries related to a cash-for-residency scheme since its launch on March 1. HSBC, Bank of China (Hong Kong) (BOCHK), Manulife …
China’s Gold Splurge Reaches 16th Month as Prices Hit Record
China’s central bank added gold to its reserves for a 16th straight month in January, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.
China should establish property presale fund to support developers, former central bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
China’s 5% GDP growth target demands ‘hard work’, leaders insist while flagging hopes and risks
At the ‘two sessions’ parliamentary gatherings in Beijing, officials have broken down what it will take for China to meet an annual economic growth target that many analysts contend is out of reach.
Beijing to get tough in bid to rein in runaway local government debt
BEIJING – China will roll out measures to keep runaway local government debt under control and this includes shaming officials and companies found guilty of hiding new arrears, as well as …
China Market Update: JD.com Beats As Financial Heads Hold A Two Sessions Press Conference
Mainland China was mixed as foreign investors were net sellers of … but there was an all-star press conference held by financial department heads today after the Mainland’s close. Participants …
Hong Kong should use its ‘super roles’ to help China become financial powerhouse, top Beijing official in city says
Liaison office chief Zheng Yanxiong describes city as ‘super treasure bowl’ for gathering capital and ‘superconnector’ aligned with global regulations.
Heads of China’s Biggest Agencies, Including Central Bank, Gather to Discuss Key Policy Details
Top finance, economy officials hold rare joint briefing China earlier set 2024 GDP goal of about 5% Economic concerns include housing, debt, investment Chinese lawmakers are holding annual congress in …
China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target
China’s finance, commerce, banking, development and securities heads face the press in Beijing during the annual ‘two sessions’ Questions remain on how Beijing will address the problems facing its …
China makes science and tech a budget priority with 10% jump in spending
That amounts to US$52 billion for 2024, with continued expenditure ‘guaranteed’ because of sector’s key role in driving development It comes as Beijing is pushing for technological self-reliance to …
Beijing’s “White List” Answer To Its Property Crisis Is Insufficient
China’s property crisis has created a huge financial mess that needs much time and effort to clean up. Beijing’s “white lists” are inadequate in the extreme..
