Law enforcement in the Chinese province of Shaanxi has cracked a crypto fraud scheme, arresting four suspects who defrauded an investor of about $60,000.
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Asia markets are mixed as investors assess China business activity data, await Bank of Japan rate decision
The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
China’s trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned, report says
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
China to step up fiscal policy implementation to spur economic recovery: official
Photo/IC] BEIJING – China will intensify the implementation of its fiscal policies to support economic recovery, a finance ministry official said on Wednesday. The country will issue the ultra-long …
Seoul, Beijing mayors discuss restoration of ties between capitals of Korea, China, Japan
Seoul Mayor Oh Se-hoon met with Beijing Mayor Yin Yong and discussed restoring cooperative relations between the capitals of Korea, China and Japan, during his visit to Beijing, Tuesday.
China’s private capital fundraising sinks to record low of US$3.4 billion on poor outlook
China-focused private capital fundraising tumbled to a new … “And we see there’s a good appetite to finance these constructions.” …
China Regional Banks Exposed to Bond Reversal as PBOC Sales Loom
China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the central bank. The …
Mergers and closures loom for China’s 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023. China is in the process of cleaning up its embattled rural financial institutions — a move that will not just lead to the mergers and…
China’s cash-strapped small banks face limitatons amid shake-up, no one-size-fits-all fix
Beijing has called for consolidation of China’s indebted and feeble local banks, with the central Henan province announcing its consolidation plans on Sunday China’s attempt to clean up its small and …
China will implement consumption tax reform step-by-step, vice Finance Minister says
China will implement consumption tax reform step-by-step and standardise management of local governments’ non-tax revenues, Vice Finance Minister Wang Dongwei said at a press conference in Beijing on …
China Sees Massive Local Government Bond Issuance in First Half of 2024
China’s finance ministry reported that net local government special bonds issuance was 1.49 trillion yuan ($205.81 billion) in the first half of 2024. Additionally, June saw a net local government …
China factory activity shrinks for third month in setback
The official manufacturing purchasing managers’ index hit 49.4, compared with 49.5 in June, the National Bureau of Statistics said on Wednesday.
Central Bank, Beijing Outlooks Roil Asian Stock Markets
Asian stock markets turned in a choppy Tuesday, as traders weighed pending central bank policy meetings, and Beijing macroeconomic stimulus plans. Hong Kong and Shanghai lost ground, while Tokyo edged …
