China also sacked finance minister Liu Kun, and appointed Lan Fo’an in his place, news agency PTI reported. Before Mr Lan was appointed to the post, he was the Communist Party chief of the finance…
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Biden orders Nvidia to immediately stop selling AI chips to China
The US government has ordered Nvidia to immediately stop selling AI computer chips to China after President Biden brought forward the ban. Nvidia announced the restrictions on Tuesday, which it said will be “effective immediately”…
Stock market today: World shares mixed after China pledges more support for slowing economy
World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and…
Green finance: Deutsche Bank eyes tie-ups with Chinese peers to drive deals meeting Europe’s tough climate standards
Deutsche Bank, one of two European banks allowed to tap the Chinese central bank’s green finance funding pool, is seeking to form partnerships with institutions in China to drive transactions that meet European climate standards.
China’s finance ministry issues 16 bln yuan of treasury bonds in Hong Kong
BEIJING, Oct. 25 (Xinhua) — China’s Ministry of Finance issued yuan-denominated treasury bonds worth a total of 16 billion yuan (about 2.23 billion U.S. dollars) in the Hong Kong Special Administrative Region on Wednesday.
China’s raising national debt ratio to 3.8% of GDP is reasonable, risk manageable: senior finance official
Chinese government’s latest decision to raise national debt ratio to 3.8 percent of its yearly GDP by issuing an additional one trillion in treasury bonds is needed to help build up water conservancy and other…
China announces the removal of defense minister missing for almost 2 months with little explanation
China has replaced Defense Minister Gen. Li Shangfu, who has been out of public view for almost two months, state media reported Tuesday. No further information was given.
China conducts central bank bills swap Wednesday
BEIJING — The People’s Bank of China, China’s central bank, conducted a central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued …
China’s ‘One Card’ System: A Game-changer for Healthcare Financing
In the quest to enhance China’s healthcare financing, a pivotal system adjustment is on the horizon. The two-phase ‘One card’ system, specifically designed to expedite the disbursement of funds to …
China’s new bonds to help economic recovery, official says, as budget deficit rises
China’s new sovereign bonds will help bolster the economic recovery, China’s vice finance minister Zhu Zhongming said on Wednesday, as the government’s stepped-up fiscal stimulus sharply raises its …
Why China’s 1 trillion yuan debt plan isn’t necessarily such a big deal
“With the new finance minister and PBoC governor in place, fiscal policy execution will likely become more effective ahead, and fiscal-monetary policy coordination could also improve,” Xiangrong Yu, …
China’s measures to shore up a shaky economic recovery
China has rolled out a slew of policy measures in recent months to revive a stumbling economy after its post-pandemic recovery fell away quickly.
China now removes Finance, Science and Technology ministers
China has now sacked its Finance and Science and Technology ministers after the country sacked its Defence Minister, who was not seen in public for nearly two months.
