Guangdong, country’s wealthiest province, announces plan to hand out more vouchers and subsidies, further promote trade-ins.
Tagged By banking
PBoC injects CNY 300 Billion into banking system via MLF to boost liquidity
People’s Bank of China injected CNY 300 billion into banks on June 25 via a one-year lending facility to maintain liquidity. This operation, aimed at ensuring banking system liquidity, resulted in a …
China seizes moment to globalise renminbi as dollar doubts mount
Chinese policymakers see erratic US decision-making and geopolitical tensions as the most favorable backdrop in years to promote the yuan. Read more at straitstimes.com. Read more at straitstimes.com …
China urges AIIB to step up cross-border development funding, says global aid drying up
BEIJING] China’s finance minister on Wednesday (Jun 25) urged the Asian Infrastructure Investment Bank (AIIB) to expand funding for cross-border connectivity projects in developing nations, citing a …
China urges AIIB to step up cross-border funding as global aid dries up
Finance Minister Lan Foan calls on the Asian Infrastructure Investment Bank to increase its support for emerging markets.
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
China’s Zou Jiayi, a former finance official, elected AIIB president
Former vice-minister of finance will begin her term in January, as the development bank faces a challenging environment for multilateralism.
China expands its ¥175 trillion payment system in Central Asia
China is expanding the geographical coverage of its yuan-based international payment system, adding banks in Central Asia and other regions. The growing reach …
China’s former Vice Finance Minister Zou Jiayi is AIIB’s new President
China’s former Vice Finance Minister Zou Jiayi was on Tuesday named as the next president of the Asian Infrastructure Investment Bank (AIIB) here. The AIIB B …
China’s AIIB elects former anti-corruption official as new president
Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors. View on euronews …
China issues guidelines on financial support to boost consumer spending
The People’s Bank of China and five other departments released guidelines aimed at strengthening financial support for consumption on Tuesday, taking a pragmatic, coordinated step toward expanding …
China Issues Guidelines on Financial Support for Boosting Consumption
BEIJING (Reuters) -China on Wednesday released guidelines aimed at using financial tools to boost consumption, with pledges to support employment and raise household incomes as part of broader efforts …
China’s Zou Jiayi named next AIIB president
China’s finance ministry said on Tuesday the next president of the Asian Infrastructure Investment Bank would be Zou Jiayi, a former Chinese vice finance minister who is expected to lead efforts to …
