China’s outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, up 0.7% from 6.82 trillion yuan at the end of March.
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China’s digital currency: Bank of China helps mainland tourists spend e-CNY in Hong Kong at select retailers
Bank of China Hong Kong kicked off a new e-CNY trial with 200 merchants on Tuesday, its third in the city to test cross-border payments of China’s sovereign digital currency.
China to sell US$1.7 billion of government bonds in Hong Kong in August to promote yuan’s internalisation, tap cheaper money
Beijing will sell 12 billion yuan of offshore bonds as it continues its efforts to promote the yuan internationally Demand for yuan-denominated financial products is rising as countries from Brazil to …
China’s fiscal revenues hit 11.92 trillion yuan in first half year, up 13.3%: Finance Ministry
The steady recovery of Chinese economy will provide significant support for the continued growth of fiscal revenue in the coming months, the Ministry of Finance said on Wednesday. Xue Xiaoqian, an …
Given situation between the US and China, at least they’re talking
U.S. Treasury Secretary Janet Yellen’s recent trip to China shone a spotlight on how schizophrenic the relationship between the U.S. and China, the world’s number one and number two economic …
China’s cautious consumer confidence is dampening economic recovery, says ADB
China’s cautious consumer confidence spending has been a “a dampener” for its fragile recovery, according to Albert Park, chief economist at ADB.
China’s finance ministry to issue sovereign yuan bonds in Hong Kong next month
BEIJING – China’s finance ministry will issue 12 billion yuan ($1.68 billion) of yuan-denominated bonds in the Hong Kong Special Administrative Region next month, according to the Ministry of Finance …
China slowdown worsens
The downward pressures go across the board: weakening spending after the initial boost that followed the lifting of anti-COVID measures; deflationary pressures across the economy; continuing problems …
China’s fiscal revenue growth slows, signals broadening economic pressure
China’s fiscal revenues grew at a slower annual pace in the first six months, data showed on Wednesday, signalling broadening economic …
China’s new central bank boss to accelerate renminbi internationalisation
Following his appointment as the new leader of the People’s Bank of China (PBOC) at the start of the month, Pan Gongsheng will likely accelerate the internationalisation of the renminbi (RMB) and …
China’s Q2 economic performance raises concerns
Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown … The fading momentum of the Chinese economy paints a somber picture for the global financial stage.
Yellen Says US Investment Curbs Won’t ‘Fundamentally’ Hurt China
have a fundamental impact on affecting the investment climate for China.” Yellen spoke from Gandhinagar, India where she’s meeting with finance chiefs from the world’s largest economies. A senior …
China tracks, traces its enemies with Orwellian digital currency assault
The U.S. dollar as the world’s reserve currency and the SWIFT global money transfer system represent the twin pillars of a transparent international financial system.
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