Countries have been snapping up gold as a hedge against mounting geopolitical risks, creating the opportunity for the PBOC to offer a haven for an asset deemed crucial as a buffer to economic shocks.
Tagged By banking
China’s slowdown explained for 401(k) holders
China’s economic slowdown has raised concerns globally, impacting markets and individual investors, including those with 401(k) retirement accounts. Understanding the nuances of China’s economic shift …
China’s Export Tsunami Could Rewrite Global Trade Before Trump-Xi Showdown
Record surpluses, bargain exports, and a looming tariff truce put investors on edge ahead of South Korea summit.
Trump tariffs live updates: US-China talks on ‘huge’ Boeing order could be centerpiece of trade agreement
The US and China are in the final stages of negotiations for a “huge” Boeing (BA) aircraft deal that could end up as a “centerpiece” of a broader trade agreement between the nations. “This is…
Trump tariffs live updates: US-China talks on ‘huge’ Boeing aircraft order would be centerpiece of trade agreement
The US and China are in the final stages of negotiations for “huge” Boeing (BA) aircraft deal which some say could be the “centerpiece of a trade agreement.” US Ambassador to China David Perdue …
HSBC adviser who criticised the US is set to join China’s AIIB
The process is ongoing and there’s no certainty Cowper-Coles will accept the role Read more at The Business Times.
HSBC adviser who criticised the US set to join China’s AIIB
Sherard Cowper-Coles will take up a senior role at AIIB, which was established as a Chinese-led counterweight to the likes of Western-dominated multilateral lending institutions.
China’s financial sector reports remarkable progress over 14th Five-Year Plan period
BEIJING – China’s financial sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), with banking assets nearing 470 trillion yuan ($66.2 trillion) at the end of June …
China making global mark in fintech
China is taking the lead in global financial technology innovation, and more international collaboration is expected to empower business growth and promote fintech inclusion to benefit the world, …
China’s $37B Stargate Rival Threatens to Close U.S. AI Data Center Gap
U.S. tech giants are once again in the sights of the Chinese government as it launched a $37 billion plan to build a huge “mega-cluster” of AI …
China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters
At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter.
China’s monetary policy focuses on domestic imperatives, while balancing internal and external situations: central bank governor
China’s monetary policy is currently accommodative, with the emphasis placed on domestic imperatives while balancing both domestic and external situations, central bank governor Pan Gongsheng said on …
China central bank head pledges data-driven policy to aid recovery
China’s central bank head pledged on Monday to use a range of monetary policy tools to ensure ample liquidity, try to drive down funding costs and support economic recovery.
