Chinese banking financial institutions saw a steady expansion in assets in the first three quarters of the year, data from the country’s top banking and insurance regulator showed. Local and foreign …
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China urged to ensure stable economy, fix ‘fragile’ wealth accumulation before seeking common prosperity
Ma Xiaohe, the former head of a government think tank, believes that China’s ‘wealth accumulation mechanism is very fragile’ amid the recent common prosperity drive Common prosperity is not a new …
US-China economic ties continue to fray, despite Biden-Xi meeting
Investors in October pulled $8.8 billion from Chinese stocks and bonds, continuing an exodus that began after the U.S. and Europe imposed sanctions on Russia for its invasion of Ukraine. At the same …
Cop27: EU agrees to finance fund for poorer countries – live
12:48 Nikhita Chulani The EU’s “breakthrough” change in stance on loss and damage finance has put the spotlight on the US and China as the talks come to a close in Egypt. Both countries have…
Beijing asks residents to avoid gathering at weekend due to rapid rise in COVID-19 cases
CN) Beijing official: New local COVID cases are rapidly growing … economy following the disastrous and short tenure of his predecessor Truss). – (NO) Norway Finance Ministry: To adjust proposed base …
Xinhua Silk Road: Financial Street Forum sets diversified topics for discussion in upcoming annual conference in Beijing
construction of the two zones in Beijing and national finance management center development as well. During this year’s event, establishment of the financial street think tank will be initiated by …
China’s central bank publishes rules for managing commercial bills
BEIJING :China’s central bank published rules on Friday to strengthen risk management over the use of commercial bills, according to a statement released on the People’s Bank of China’s website. The …
UPDATE 1-China needs to improve macro-financial management to guard against risks
BEIJING, Nov 18 (Reuters) – China still needs to improve its capability in macro-financial management to guard against systemic risks as the financial industry continues to open up to the world, an …
China is rapidly rolling out its new digital currency
In fact PBoC officials have emphasised that the current focus of e-CNY use is within China. This has not stopped the speculation about it spreading abroad. Cryptocurrency and decentralised-finance …
China seen leaving lending benchmarks unchanged, wary of yuan weakness
Authorities are seeking to support economic growth without triggering financial instability. Lowering interest rates to prop up the slowing economy could further widen China’s monetary policy against …
The week in review: China data disappoints
China’s National Bureau of Statistics revealed October’s economic activity data this week, with key indicators below market expectations. Retail sales were worth Rmb4.03tr ($564.6bn) in October, down …
China should set 2023 economic growth target no lower than 5% – central bank adviser
BEIJING (Reuters) – China should set its economic growth target no lower than 5% for 2023, Liu Shijin, a policy adviser to its central bank, said on Friday. The world’s second largest economy grew …
China Eases Cash Injections as Government Bonds Steady
China dialed down its short-term cash injections to the banking system, as the government bond market steadied following this week’s steep losses. The People’s Bank of China added a net 9 billion yuan …