China’s central bank added gold to its reserves in July, its ninth consecutive month of purchases, official data showed on Thursday.
Tagged By banking
POLL Chinese bank lending likely plunged in July as seasonal factors outweigh policy support
New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps monetary …
Citi taps HSBC veteran to lead corporate banking for MNCs in China
Chu as the head of China Global Network Banking (GNB), effective August 11, the bank said on Thursday. Chu, who spent nearly two decades with Europe’s largest bank HSBC, will oversee corporate banking …
China’s Trump card: using rare earth elements as geopolitical bargaining chips
Amid border conflict with Myanmar and a trade war with the US, Beijing’s heavy rare earth restrictions are having a global impact.
Trump tariffs live updates: China pushes back on US chip dominance as Trump’s latest deadline looms
Meanwhile, Canadian Prime Minister Mark Carney said he will look at ways to lift some counter-tariffs on the US despite his campaign to resist Trump’s trade war. President Trump o …
HUNAN, THE POWERHOUSE TASKED WITH CHINA’S AFRICA TRADE STRATEGY
August 2025 – When most people think of Africa-China trade, their minds jump to Beijing, Shanghai or Shenzhen. However, one of the biggest drivers of this relationship is not a coastal megacity, it is …
China’s Prolonged Economic Slump Has Strained Its Banks – Huishang Is A Case In Point
Chinese banks have been battling pressure on their margins caused by central bank interest rate cuts to stimulate the economy …
Trump tariffs live updates: China pushes back on US chip dominance; Carney signals tariff review
Meanwhile, Canadian Prime Minister Mark Carney said he will look at ways to lift some counter-tariffs on the US despite his campaign to resist Trump’s trade war. President Trump o …
HSBC to keep the highest yield among Greater China region’s banks, JPMorgan analysts say
The 160-year-old bank, which traces its roots to Hong Kong and Shanghai, is likely to return between 9 per cent and 11 per cent to shareholders in 2025, says JPMorgan.
China’s Policy Banks Rush to Issue Bonds Before Tax Deadline
China’s policy banks have embarked on a bond-issuance spree in an effort to lock in lower yields before the reinstatement of a value-added tax on interest income later this week.
Ant Digital Unveils Financial AI Model as China’s LLM Race Reaches Banking Sector
Ant Digital’s financial AI ambitions reflect a broader shift among Chinese tech firms towards domain-specific LLMs. With foundational models reaching diminishing returns in general capabilities, …
Trump targets tariff evasion, with eye on China
As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used — by Chinese companies or others — to circumvent …
China allocates 1b yuan to disaster relief efforts
BEIJING — China has allocated disaster relief funds totaling 1.015 billion yuan (about $142 million) to multiple provincial-level regions, the Ministry of Finance (MOF) said on Tuesday. The funds …
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