Tencent Holdings has tightened its rules for live streamers producing financial content on its popular social media platform WeChat, as Beijing ramps up scrutiny of online speech to arrest waning …
Tagged By banking
Mapped: Gansu earthquake as more than 120 killed in China’s deadliest tremor in 13 years
China’s finance ministry and emergency management ministry jointly allocated 200m yuan (£22.1m) for the earthquake-hit Gansu and Qinghai provinces, CCTV reported. Gansu struggled with slow economic …
Beijing prosecutors crack down on rising cyber fraud cases
Data released by the Beijing People’s Procuratorate also showed on Tuesday that since 2021, about 11,625 people have been accused of cyber crimes, with major charges including telecom fraud, …
China, Russia pave even stronger ‘financial track’ with a new deal enhancing trade vitality
China and Russia have signed audit and supervision deals to facilitate bilateral capital flows and bond issuance, in a prelude to a two-day annual leader’s meeting to discuss bilateral cooperation …
China expected to stand pat on lending benchmarks in December -survey
China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Wednesday, a Reuters survey showed, after the central bank last week kept its medium-term policy rate …
Beijing ready to expand energy cooperation with Russia – Chinese envoy to Moscow
Beijing intends to expand energy cooperation with Russia along all stages of production, Chinese Ambassador to Russia Zhang Hanhui told the Russian state RIA news agency in an interview published on …
China’s Surviving Borrowers Enjoy Lowest Stress Since Crisis
The market’s stress level fell to level 1 last month from 3 in October, according to Bloomberg’s China Credit Tracker, marking its lowest since data compilation started in May 2021. The gauge …
China banks step up sales of bad loans as consumer defaults rise
Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing post-COVID economic recovery.
Stock market today: Asian shares mostly lower as Bank of Japan meets, China property shares fall
Elsewhere in Asia, Australia’s S & P/ASX 200 declined 0.3% to 7,420.30. South Korea’s Kospi added 0.2% to 2,569.40 and Bangkok’s SET was down 0.2%.
Citigroup China investment bank plans delayed by data law -Bloomberg News
Citigroup Inc’s plan to set up a wholly-owned securities business in China is taking longer than expected because the bank needs more time to comply with the country’s data laws, Bloomberg News …
China allocates $33 bln from sovereign bonds for disaster-hit infrastructure -state media
China’s finance ministry has allocated a first batch of 237.9 billion yuan ($33.38 billion) of funds from sovereign bonds as of Monday, in an effort to support the renovation of infrastructure in …
China: Removing financial risks to build a modern society
THE Central Economic Work Conference that was held recently made it clear that high-quality development is necessary for building a modern socialist country.
China central bank resumes 14-day reverse repos to smoothen year-end cash demand
China’s central bank resumed injecting short-term cash through 14-day reverse repos for the first time in three months on Monday, as it steps up efforts to smoothen increasing year-end liquidity …
