Uptake of China’s central bank digital currency is on the rise, with transactions and total value far beyond 2022 levels Various applications are being tested or have already been implemented, including integration with international credit…
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China’s e-commerce inroads are back in focus amid Alibaba’s “possible espionage” in Europe
Beijing’s aggressive industrial policy goals are back in focus as Belgium contends with alleged espionage activities arising from a logistic arm of Alibaba at an airport in Liège, Europe’s …
Kenya to seek US$1 billion from China for stalled railway, ‘more time’ to repay debts, deputy president says
President William Ruto is expected to meet China’s Xi Jinping during a trip to Beijing for the third Belt and Road Forum this month.
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 …
Ex-boss Of China State-owned Banking Giant Kicked Out Of Ruling CCP
The former head of Chinese state-owned banking giant Everbright Group has been kicked out of the ruling Commmunist Party and dismissed from public office “due to severe violations of discipline and …
UPDATE 1-In Beijing, Schumer urges China to support Israel after Hamas attacks
U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was “disappointed” that Beijing showed “no sympathy” for the country over …
China’s Local Gov’ts to Likely Speed Issuance of Special Refinancing Bonds, Insiders Says
The municipal bonds of Tianjin and that of the provinces of Guizhou and Yunnan had high risk. The outstanding interest-bearing municipal bonds Tianjin issued were CNY1.72 trillion (USD235.6 billion) …
Are Chinese stocks regaining favour? More fund managers predict better returns ahead as economy mends, US-China tensions ease
Matthews International Capital Management says stocks are more likely to get better in the coming quarters as data, US-China ties improve ‘The economy is doing better than it gets credit for,’ fund …
Kenya to seek US$1b from China for stalled railway, ‘more time’ to repay debts, deputy president says
Kenya will ask China for US$1 billion to finance stalled infrastructure projects when President William Ruto meets Chinese counterpart Xi Jinping in Beijing this month. Ruto will also seek loan …
China and the art of unlocking capital for climate action
The problem with markets in most advanced and developing economies is that they favour short-term investment, not long-term socio-economic projects This is why the US struggles to finance and improve …
Washington and Wall Street need to speak same language on China threats
The war game was just one part of our committee’s broader trip to New York to speak with Wall Street leaders about the systemic risk posed to our economy from China. We wanted to find…
Beijing to add finance and social affairs bureau to top Hong Kong-Macau body – Media
Chinese authorities will add finance-economy and social affairs bureaus to top Hong Kong-Macau body as part of large scale administrative upgrade, the South China Morning Post reported.
In another unexpected move, China expels top financial expert and former Bank of China chairman from Communist Party
China’s ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti-graft watchdog said …
