Bilateral economic and trade cooperation, long seen as the stabilizing force and driving factor in China-U.S. relations, is among the first to experience a thaw, as a series of dialogues and exchanges …
Tagged By banking
Farewell China rainmakers! Beijing’s new financial order leaves little room for super middlemen
While China’s rainmakers have been essential to the country’s great market opening, corruption concerns and a changing geopolitical balance have seen them pushed to the sidelines.
What $6.9B China-Saudi currency swap means for Beijing’s efforts to globalize yuan
China’s increasing economic influence and the high price of the US dollar, which has increased amid increasing interest rates to tame inflation, have led some economies to switch to cheaper …
Beijing Still Favors Infrastructure Spending: Should It?
Press briefing in Beijing on recent statistics and the October Central Financial … Their accumulated debts, according to Li Daokui, former advisor to the Peoples Bank of China (PBOC) and presently …
China Premier Li Qiang Named Head of Powerful Financial Body
China’s Premier Li Qiang chaired a meeting of the ruling Communist party’s new body for overseeing the financial sector, underlining his influence as details of the country’s new financial regulatory …
Chinese financial watchdog warns of risks as Premier Li takes helm
As China moves to prevent and contain risks in the $61 trillion industry, it also needs to speed up its push to become a “major financial power” and better support a “Chinese-style” modernisation of …
China’s Commercial Banks Keep Lending Rates Unchanged Post PBOC’s Rate Hold
The loan rates of PBOC are determined based on the interest rates that the top 18 banks offer their prime customers, quoted as a spread over the central bank’s one-year policy rate.
Conference sets stage for healthier financial sector
The recently concluded Central Financial Work Conference stressed the need to accelerate the building of a nation with a strong financial sector and pursue financial development with Chinese …
Global Impact: China’s state secrets revisions move to address ‘worst-case and most extreme scenarios’
Sign up now! Digging out forgotten laws from …
Comparing How the West and China Offer Loans to Developing Countries
In October 2023, amid celebrations commemorating the 10th anniversary of China’s Belt and Road Initiative (BRI) in Beijing, Pakistan and Chinese …
China greenlights Mastercard JV for bank card clearing operations
Mastercard NUCC Information Technology (Beijing) Co., Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation (NUCC), could authorize its member institutions to issue “MasterCard” …
China’s financial regulators issue MasterCard bank card clearing license
A reported attempt by Mastercard to form a joint venture (JV) with Chinese online payment clearing house NetsUnion …
China’s bus operators seek new cash routes as subsidies dry up and commuters opt for cars, Didi or underground
Public bus companies have turned to fare increases, charter services and borrowing to stay afloat as local governments cut back on support Middle-class Chinese increasingly prefer to drive or turn to …
