Financial Secretary Paul Chan also stresses ‘multiple efforts’ needed to improve competitiveness of city’s bourse Chan’s comments came a day after he warned piecemeal stimulus measures could risk …
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G20 – China’s obstructionist approach
In recent months, China has opposed many Indian proposals within the G20. This opposition, along with China’s refusal to attend the G20 Leaders’ Summit hosted by India, highlights growing tensions and …
China dominates the clean energy market
China has emerged as the world leader in renewable energy … This is about half of the clean energy revenue of Shanghai Composite Index companies. Bloomberg New Energy Finance estimates that more …
Bank of China: Digital yuan payment option must be offered in retail scenarios
According to the official, Chinese CBDC has “undergone a major upgrade” in terms of its “organizational forms” and business model …
China’s central bank conducts 12-bln-yuan reverse repos
BEIJING, Sept. 4 (Xinhua) — China’s central bank conducted 12 billion yuan (about 1.67 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday. The move aims to …
ASX 200, Nikkei 225, Hang Seng Index: Beijing’s Stimulus Bets and the Fed’s Next Move
Despite the Friday loss, the ASX 200 ended the week up 2.29% on Beijing stimulus measures. The big-found and mining stocks were a drag. Westpac Banking Corp (WBC) and The Commonwealth Bank of …
China’s economy has entered ‘new new normal’, leading policy adviser warns in call for systemic reform
More than 14 per cent of China’s population is aged 65 and above, posing a severe challenge to an economy struggling to regain post-Covid confidence Labour force will struggle to match structural …
Gina Raimondo warns China: ‘Until we see action, there can be no trust’
Win McNamee/Getty Images US Commerce Secretary Gina Raimondo said her visit to China produced “a great deal of progress,” though “there can be no trust” unless Beijing takes action in areas such as …
Mastering China: UBS reveals winning strategy amid tensions
With the looming unpredictable clouds over China’s economic landscape, UBS has recently shed some light on how to navigate this turbulent financial storm. Drawing upon their insights and expertise, …
China’s self-driving vehicle ambitions are motoring towards significant legal and financial roadblocks, experts say
In select areas of Shenzhen, the southern tech hub linking Hong Kong to China’s mainland, Beijing’s futuristic vision of an “intelligent connected” road system is taking shape, with “self-driving” …
China ramps up backing for its yuan with housing market
China’s central bank, the People’s Bank of China (PBoC), declared a strategic move to cut the reserve requirement of foreign currency for financial institutions. This not-so-subtle signal of their …
BMW expects higher China sales in 2023, finance chief says
In his first interview since becoming finance chief in May, Walter Mertl told Reuters that BMW had been able to grow 3.7% in China in the first half, faster than the world’s top auto market…
China’s Xi Jinping vows to open service sector to boost cross-border trade and investment
Chinese President Xi Jinping says country will ease market access in areas such as telecoms, tourism, law and vocational exams However, Beijing must bring domestic standards in line with international …
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