There is little doubt that China rather actively managed its currency in 2023. For a period of time in the fall, the People’s Bank of China’s (PBOC’s) central parity rate, or “fix” – the midpoint…
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Beijing Continues To Mismanage China’s Property Problems
The latest news makes matters altogether too clear. According to Beijing’s National Bureau of Statistics, the value of property sales in China fell 17% this past December from year-ago levels, worse …
US, China Officials to Meet in Beijing, Furthering Economy Talks
US and Chinese officials will hold talks on economic issues in Beijing this week, in the latest round of re-engagement between between the world’s two largest economies.
China Hands a Suspended Death Sentence to a Former Bank CEO
The former president of one of China’s biggest privately run banks has been sentenced to death by a Chinese court. The sentence has been suspended for two years. Tian Huiyu, 58, was for nine years…
Beijing airports enhance payment facilities for foreigners
BEIJING, Feb. 5 (Xinhua) — Beijing Capital International Airport and Beijing Daxing International Airport have created a more convenient payment experience for foreign visitors.
China has vowed to save its crashing stock market, but investors are just not convinced
China vowed to crack down on short-selling and insider trading, attract investment from longer-term funds, and listen to investors earnestly.
China’s services activity expands at slower pace in January amid soft start to 2024
China’s Caixin/S&P Global services purchasing managers’ index (PMI) edged down to 52.7 in January from 52.9 in December, data released on Monday showed.
Distressed Chinese developers get project loan backing as Beijing ramps up support
More distressed property developers in China have had projects added to local authorities’ so-called whitelists, reflecting the rapid expansion of a government policy aimed at injecting liquidity into …
China’s top prosecutors promise financial crime crackdown is about to ramp up
Head of the Supreme People’s Procuratorate’s economic crimes office said targets will include insider trading and market manipulation.
China’s central bank adds liquidity via reverse repos, RRR cut
China central bank conducted 100 billion yuan about 14 billion US dollars of 14-day reverse repos at an interest rate of 195 percent Monday The …
Federal Reserve Chair Jerome Powell on China Evergrande, AI, Silicon Valley Bank and cybersecurity
The chairman of the Federal Reserve spoke with 60 Minutes about China’s slowing economy, the Fed’s research into the impact of artificial intelligence, and new regulations to prevent failures like …
China Star Fund Manager Wang ‘Not Involved’ in Firm He Founded
One of China’s most prominent fund managers, Wang Yawei, is currently “not involved” in the asset management company he founded, the firm said, after a report last year that he had been detained.
China continues to strengthen financial sector’s role in serving real economy
In 2023, China’s outstanding yuan-denominated loans issued to the real economy surged 10.4 percent to 235.48 trillion yuan, accounting for 62.3 percent of the total outstanding social financing of 378 …
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