China’s ambition in reshaping global finance takes a leap forward as it gears up to integrate the digital yuan into cross-border transactions. This move, poised to bolster the nation’s financial …
Tagged By banking
Beijing bank not buying influence via infrastructure, Kiwi exec says
Kiwi expat Andrew Cross is the chief financial officer of the Asian Infrastructure Investment Bank (AIIB). A Kiwi at the top of a Beijing-based bank, collectively owned by more than 100 countries …
Albanese arrives in Beijing ahead of Xi meeting
Here are our top stories: Albanese advises China to play fair on trade Anthony Albanese said China has a duty to itself and the region to practise free and fair trade, and expressed confidence Beijing…
‘Reed Bank issue first before environment case vs China’
The Philippine government should first resolve the situation on Reed Bank before it files its environmental case against China on the damage to marine resources, including coral reefs, former Supreme …
China to accelerate issuance of government bonds, finance minister says
China’s new Finance Minister, Lan Foan, has stated that China will speed up the issuance and use of government bonds and work towards resolving local …
China investigates former top bank official for suspected corruption
Mr Zhang previously served as the vice-chief of the Industrial and Commercial Bank of China (ICBC), one of the world’s largest banks. China’s President Xi Jinping has waged a sweeping campaign on deep …
Xi Focus-Closeup: Answering Call of the Times for China’s Financial Development
Back in February 2019, while presiding over a group study session of the CPC Central Committee Political Bureau, Xi stressed the need to deepen understanding of the essence and laws of finance, based …
Int’l financial institutions upbeat on China’s economic outlook
China’s infrastructure investment growth picked up in September, due to the acceleration in issuance of local government special bonds, while the manufacturing investment also increased thanks to …
Biden pitches Americas summit on alternative to China funding for infrastructure and development
Don’t miss: Jim Chanos says China ‘poses grave financial and geopolitical threats’ — ‘more so today than ever before’ Also see: Biden enlists India leader Modi as counterweight to China influence …
China’s non-financial ODI up 18.7 pct in first nine months
China’s non-financial outbound direct investment (ODI) increased 18.7 percent year on year to 673.14 billion yuan in the first nine months of the year, …
China to foster sound monetary, financial environment: central bank
China’s central bank on Friday said that it will further implement financial macro control and maintain its prudent monetary policy to foster a sound monetary and financial environment.
China central bank probes ‘abnormal’ trades during Oct. 31 liquidity stress
BEIJING, Nov 3 (Reuters) – China’s central bank said on Friday that the country’s interbank market operator was probing “abnormal” trades on Oct. 31, when overnight borrowing costs surged to as high …
China central bank says subsidiary is probing Oct. 31 abnormal trades
A subsidiary of China’s central bank, China Foreign Exchange Trade System, is gathering information about abnormal trades on Oct. 31 which involved borrowing and lending at extremely high interest …
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