Last year, a connected cluster of village banks in the central province of Henan suffered one of China’s worst financial scandals in years. Beijing’s reaction: to create a new state bank that will …
Tagged By banking
Davos 2023: China reopens its doors with investment pitch to global elite
China’s Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation. Liu’s explicit pitch to global leaders gathered …
Another Central Bank Official Snared in Graft Probe
Li Guo, a deputy director of the secretariat bureau at the People’s Bank of China (PBOC), has been placed under investigation by the country’s top anti-graft agency, as Beijing continues its drive to …
Bank Worker Who Led Secret Life After $500,000 Heist Caught 25 Years Later
A Chinese woman who lived under a fake identity for 25 years after stealing more than half a million dollars from a bank and having plastic surgery to change her appearance has been caught.
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’
A consequential, if privileged, piece of China’s economic puzzle … a co-founder of a crypto banking start-up, Flashwire, who moved from Beijing to Singapore in June after getting trapped in Shanghai …
China’s re-globalisation paradox
A t the annual World Economic Forum meeting this week in Davos, Switzerland, China’s economic tsar, Liu He, met a number of “old friends” he had not seen during his countrys …
UPDATE 1-China seen keeping benchmark lending rates unchanged for fifth month
China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged …
Exclusive: Congo sees deal on $6 bln China mining contract overhaul this year -FinMin
Democratic Republic of Congo expects to reach an agreement on overhauling $6 billion of an infrastructure-for-minerals deal with Chinese investors this year, Finance Minister Nicolas Kazadi told …
China’s recovery may mean the Fed will have to hike rates longer
St. Louis Fed President James Bullard said a reopened China makes him “nervous that will lead to upward pressure on inflation.” As the end of China’s stringent Covid restrictions quickens the …
China seen keeping benchmark lending rates unchanged for fifth month
China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged …
Asia Hedge Funds Avert Disaster on Scale of Financial Crisis With China’s Reopening
Asia hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally.
China reopening could lead to a global inflationary surge, Norway wealth fund executive warns
China’s long-awaited lifting of COVID-zero policies in December and reopening to the world earlier this month had an immediate impact, as markets surged on the hope that China was back in business.
Top China, US economic officials in first face-to-face meeting in 2 years
China and the United States agreed to step up policy coordination to counter economic headwinds and climate change, after top economic officials of the world’s two largest economies held their first …
