Volkswagen and Toyota are cutting prices hard on petrol cars in China. The usual explanation is a price war, and there is one. But a discount is a tool for persuading a buyer who is…
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People’s Bank of China injects 165B yuan through reverse repos to steady markets
The People’s Bank of China injected 165 billion yuan via 7-day reverse repos at 1.40%, signaling steady liquidity management over monetary …
China’s central bank injects 32 billion yuan via reverse repos, holding rate steady at 1.40%
The People’s Bank of China injected 32 billion yuan via 7-day reverse repos at 1.40%, signaling stable liquidity management in the interbank …
China central bank adviser says AI could deepen supply-demand imbalance
BEIJING, Sept 19 (Reuters) – Artificial intelligence could deepen and prolong China’s strong supply and weak demand imbalance, a central bank adviser said on Saturday, adding to calls for policies …
China’s January-August fiscal revenue up 5.7% year-on-year
China’s fiscal revenue rose 5.7% in the first eight months of 2026 from a year earlier, finance ministry data showed Friday, slightly down from a 5.8% growth in the January-July period.
BofA hires Goldman’s Srijith Nair to lead Asia ex-China financial institutions banking, memo says
By Yantoultra Ngui HONG KONG, Sept 17 (Reuters) – Bank of America has hired Goldman Sachs banker Srijith Nair as head of Asia excluding China financial institutions group investment banking and …
China’s slower loan growth is the new normal, central bank governor says
BEIJING, Sept 16 (Reuters) – China’s slower loan growth is becoming the new normal as shrinking property and local government sectors sap credit demand faster than emerging industries can fill the gap …
Leaked files reveal the bank serving Beijing’s interest worldwide
The documents show how ICBC balances Chinese Communist Party directives with global lending – even setting off its own alarm bells over money laundering.
ICBC promoted corrupt executive, ignored employee misconduct as it pursued global expansion
The Chinese banking giant turned a blind eye to alleged fraud and embezzlement within its ranks for years, according to confidential files.
China can avoid a financial crisis. It can’t avoid the cost.
Plus, the U.S. accuses Chinese AI firms of exploiting American models and designates an American scholar held by China as wrongfully detained.
Chinese bank used cheap loans to target miners and gain influence
Internal ICBC documents show the Chinese financial giant wrote loss-making or marginal loans to major Australian miners as a way of deepening the relationship.
Beijing’s biggest bank wanted ‘China rationale’ for mining loans
Internal ICBC documents show the Chinese financial giant wrote loss-making or marginal loans to major Australian miners as a way of deepening the relationship.
China central bank plans new metrics to rein in banks’ long-dated bonds holdings, sources say
SHANGHAI, Sept 14 (Reuters) – China’s central bank plans to introduce new metrics into its Macro Prudential Assessment framework, aiming to curb banks’ excessive holdings in long-dated bonds and funds …
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