The price of gold has surged to a record high, and Swiss exports of the precious metal to China nearly tripled to start the year.
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China’s economy is showing signs of life as it touts its growing relationship with Russia
Chinese export volumes have shot past estimates so far this year, boosted by deeper trade ties with Russia and other emerging markets, the Financial Times reported. Volumes rose 7.1% in the first two …
China to step up economic policy adjustments in 2024, state planner says
China will step up economic policy adjustments this year, Zheng Shanjie, the head of the state economic planner, told a news conference on Wednesday, adding that the government’s 2024 growth target of …
China should establish property presale fund to support developers, former c.bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme
Hong Kong’s leading banking and finance firms are being bombarded with inquiries related to a cash-for-residency scheme since its launch on March 1. HSBC, Bank of China (Hong Kong) (BOCHK), Manulife …
China’s Gold Splurge Reaches 16th Month as Prices Hit Record
China’s central bank added gold to its reserves for a 16th straight month in January, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.
China should establish property presale fund to support developers, former central bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
China’s 5% GDP growth target demands ‘hard work’, leaders insist while flagging hopes and risks
At the ‘two sessions’ parliamentary gatherings in Beijing, officials have broken down what it will take for China to meet an annual economic growth target that many analysts contend is out of reach.
Beijing to get tough in bid to rein in runaway local government debt
BEIJING – China will roll out measures to keep runaway local government debt under control and this includes shaming officials and companies found guilty of hiding new arrears, as well as …
China Market Update: JD.com Beats As Financial Heads Hold A Two Sessions Press Conference
Mainland China was mixed as foreign investors were net sellers of … but there was an all-star press conference held by financial department heads today after the Mainland’s close. Participants …
Hong Kong should use its ‘super roles’ to help China become financial powerhouse, top Beijing official in city says
Liaison office chief Zheng Yanxiong describes city as ‘super treasure bowl’ for gathering capital and ‘superconnector’ aligned with global regulations.
Heads of China’s Biggest Agencies, Including Central Bank, Gather to Discuss Key Policy Details
Top finance, economy officials hold rare joint briefing China earlier set 2024 GDP goal of about 5% Economic concerns include housing, debt, investment Chinese lawmakers are holding annual congress in …
China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target
China’s finance, commerce, banking, development and securities heads face the press in Beijing during the annual ‘two sessions’ Questions remain on how Beijing will address the problems facing its …
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