A woman in China who returned a lost mobile phone to its owner was stunned when she received a reward made up of bogus banknotes.
Tagged By banking
RF considering scenario of China’s invasion and gets ready to use nuclear weapons – Financial Times
The armed forces of the russian federation have practiced the conditional task of a nuclear strike on China during the so-called “military games,” the scenario …
In ‘finance war’ with US, former official says China risks staring down the barrel of a capital conundrum
Beijing slams ‘smear tactics’ in US assessment of China … Describing foreign investors’ retreat from China in the past year as evidence of a “finance war”, while their bearish sentiment toward China …
China Deals Major Blow to Russia with Payments Ban
Foreign exchange reserves were frozen and Russia was cut off from the SWIFT (Society for Worldwide Interbank Financial Telecommunication) banking system. Union Pay was widely touted as China’s rescue …
How China Is Tantalizing – And Maddening – FX Traders Everywhere
By all appearances, this is Beijing working to boost confidence in the yuan and the economy. The People’s Bank of China, meanwhile, is surprising most Asia economists by not slashing interest rates …
China’s Piano Dreams Are Fading for a Cash-Strapped Middle Class
China’s love affair with the piano goes back several decades. During the Cultural Revolution of the 1960s, the instrument was condemned as a symbol of the bourgeoisie. But thanks to the economic …
Ministry of Finance to issue first batch of renminbi treasury bonds in HK
BEIJING, Feb. 28 (Xinhua) — The Ministry of Finance said on Wednesday that it will issue this year’s first batch of renminbi-denominated treasury bonds in Hong Kong on March 13. The scale of the …
China boosts reforms of local financial regulatory system
[Photo/IC] BEIJING – With reforms of China’s financial regulatory system basically completed at the central level, the country is now advancing such reforms at the local level. At the central level, …
China’s Solar Firms Set to Lower Annual Growth Targets as Profits Crumble
China’s solar industry is likely to set lower expansion targets in 2024, as financial stresses and grid constraints make it challenging to match last year’s explosive growth.
Country Garden faces liquidation petition in new blow to China property sector
Country Garden Holdings said on Wednesday a liquidation petition has been filed against the embattled developer for non-payment of a loan worth $205 million, adding to the woes for China’s liquidity …
US warned of strategic loss of Pacific Island nations to China in fresh funding dispute
Palau, the Marshall Islands, and the Federated States of Micronesia are currently “under pressure” and may be forced to turn to China for financial help. If this goes through, US defence officials …
New leak exposes China’s reliance on freelance hacking companies
A trove of leaked documents is providing government officials and security researchers a rare public glimpse inside I-Soon, a private China-based offensive cybersecurity company. Why it matters: The …
China Bank nets record P22 billion
MANILA, Philippines — Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023. “Our strong growth in 2023 …
