Everbright Sun Hung Kai, Manulife and Prudential are among companies from Hong Kong that are expanding in Macau, as they look to take advantage of policies introduced by Beijing to diversify the …
Tagged By banking
Beijing faces financial market test
SHANGHAI: A wall of maturing debt and a surge in seasonal demand for cash will test China’s financial markets this month, putting pressure on the central bank to ensure sufficient liquidity. Demand …
China Huarong Falls 40% as Trading Resumes After 9-Month Halt
China Huarong Asset Management Co. slumped 40% in Hong Kong as a nine-month trading suspension was lifted following a $6.6 billion state-orchestrated bailout of the troubled bad asset manager. The …
X Daily: Five Things to Know About China’s Plan to Stabilize Growth in 2022
Growth / Five things to know about China’s plan to stabilize growth in 2022. Stabilizing economic growth has reemerged as the top priority of China’s policymakers as the world …
Wang Yi’s visit underscores value Beijing attaches to Africa
Chinese Foreign Minister has embarked on the traditional start of year trip to Africa with Wang Yi visiting Eritrea, Kenya and Comoros.
China’s Finance Crackdown Ensnares More Than 20 Officials (1)
China’s anti-graft crackdown has so far brought down more than 20 financial officials as authorities step up scrutiny over the nation’s $54 trillion financial system at a time of growing turmoil in …
China’s central bank issues financial technology development plan
China has released a plan for the development of financial technology from 2022 to 2025 under efforts to spur the digital economy with an improved modern financial system, according to the country’s …
IEEFA: Accepting gas is unsustainable will bolster China’s position on green energy finance
As some green taxonomies compromise on gas, China’s own exclusion of fossil fuel electricity projects sends the right market signal …
People’s Bank of China launches digital Yuan app alongside FinTech plan
The People’s Bank of China (PBOC) has kicked off 2022 with rigour, hitting a major milestone for the introduction of the digital Yuan (e-CNY) and laying out this year’s strategy for delivering its …
Digital yuan app goes live on app stores, ready for Beijing Winter Olympics
The beta version of the digital yuan wallet app went live on Apple’s App Store and Android app stores on Tuesday, ready for the broad use by domestic and international customers during the upcoming …
China launches app for its own digital currency as it looks to expand usage
China’s central bank has launched a pilot version of a wallet app for the digital yuan in a push to expand its usage to more people. So far, China has done a number of trials…
China’s Quant Funds Become Victims of Their Own Success
The fund house, which manages roughly 100 billion yuan ($15.69 billion), blamed the crash on wild shifts in investor sentiment and crowded trades in a sector that is “growing too fast in size.” …
China central bank launches digital yuan wallet apps for Android, iOS
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency.The “e-CNY …
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