China could learn a trick or two. In holding a key interest rate on Monday, the People’s Bank of China delivered more than a surprise: The bank missed an opportunity to set a narrative at…
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Xi Jinping urges loyalty from China’s courts and law enforcers to ‘defuse’ social and financial risks
Chinese leader says judicial and law enforcement authorities should ‘uphold the absolute leadership’ of the Communist Party.
China’s central bank unexpectedly keeps lending rates steady; stocks recover from early slump
The People’s Bank of China has defied market expectations of providing a much-needed economic boost through additional easing measures by opting to maintain a crucial interest rate unchanged.
Former chairman of state-owned bank China Everbright Group arrested over suspected corruption
Former chairman of state-owned bank China Everbright Group arrested over suspected corruption in Hong Kong. Tang Shuangning has been arrested on suspicion of embezzlement and bribery. The case will be …
Ex-boss of China’s state-run bank Everbright arrested on corruption charges
The former head of China’s state-owned banking giant Everbright Group has been arrested for alleged corruption, prosecutors have said. Tang Shuangning, 69, was arrested on suspicion of taking bribes …
Japanese firms expect China’s 2024 economic prospects to remain grim
BEIJING (Reuters) – Japanese firms in China expect economic prospects in the world’s second-largest economy to remain grim this year, according to a report from the Japanese Chamber of Commerce and …
Stock market today: Asia stocks follow Wall Street higher, while China keeps its key rate unchanged
HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. U.S. futures and oil …
China’s Central Bank Holds Key Rate Steady in Policy Surprise
China’s central bank held a key interest rate steady on Monday while still pumping more cash into the financial system, bucking expectations that it would cut borrowing costs to support the economy. M …
UPDATE 1-Former China Everbright Group chairman arrested on suspicion of corruption -state media
BEIJING, Jan 15 (Reuters) – A former chairman of state-owned financial conglomerate China Everbright Group, Tang Shuangning, was arrested on suspicion of taking bribes and corruption, state media reported on Monday,
China regulator vows regulation ‘with teeth and thorns’ to defuse financial risk
China’s financial regulator plans to increase punishment for financial crimes and speed up the time it takes to prosecute them using regulation it calls “with teeth and thorns”.
China vows zero tolerance for financial crimes, will review punishments
CHINA’S financial regulator said it would adopt a “zero tolerance” approach to illegal behaviour and will consider revising punishment rules to make sure those who commit crimes pay a “painful price”.
China’s EV Success Risks Sowing Seeds of Economic Stagnation
A favorite adage of Peter Fisher, a longtime veteran of finance and onetime senior US official, is that risks are always more symmetric than you might think.
China agrees to consider restructuring of loans to Maldives President Muizzu
Maldives President Mohamed Muizzu said on Saturday that China, largest external creditor to the country, has agreed to consider restructuring the repayment of loans taken by his country and the …
