China also encourages financial institutions to offer financial support to those centers and will support legal cross-border R&D data flows, said the statement.
Tagged By banking
Optimism has been returning to China’s economy — but can it last?
Much depends on how quickly the country’s ’tsunami’ of COVID infections lasts, and whether Beijing’s unpredictable virus-control policies hamper or foster growth, analysts say …
FirstFT: China’s population falls in historic shift
Also in today’s newsletter, IMF signals upgrade to forecasts, and lessons in preparing for war on the Korean peninsula …
China just reported atypically weak economic growth for 2022. Here’s how this year will be different.
Pro-growth government measures and pent-up consumer demand could help the economy expand 6% in 2023, experts say.
As China reopens, Davos optimistic about global economy
World Economic Forum speakers at Davos expressed optimism for short-term global economic growth in the wake of China’s reopening following the easing of strict “zero COVID” measures.
Home and Away: Bank of Japan, China Data, Davos Distract From Bank Earnings as Yields Rise, Stocks Retreat
Market Open) Following Friday’s mixed earnings performance from four of the largest U.S. banks, Tuesday kicked off with more mixed results from two closely followed names in investment banking. That, …
The Problem(s) With China’s Population Drop
In any case, it’s clear that China’s population is or soon will be at a peak; the best bet is probably that population has been falling for several years. But why consider this a problem?…
Nomura cuts 18 Asia banking jobs as dealmaking slows -sources
Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai …
China GDP: economy grew by 2.9 per cent in fourth quarter, 3 per cent in 2022 second-lowest since 1976
China’s economy grew by 2.9 per cent in the fourth quarter of 2022, compared with a year earlier, bringing the overall growth rate for last year to 3 per cent, data released on Tuesday showed.
China’s financial system remains stable: vice premier
China has managed to maintain overall financial stability and is drafting the Financial Stability Law, Chinese Vice Premier Liu He said here Tuesday. To tackle the risks in the real estate sector, …
China reopening to push up demand for retail loans: analyst
China Merchants Bank will reap full benefits of the reopening. China’s reopening of its borders is expected to increase retail loan demand and decrease loan delinquencies, reports UOB Kay Hian. China …
China developers’ debt risks persist after support policies’ slow start
China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle …
U.S.-China friction stokes concern among some top finance bosses
The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in …