Skeptics are criticizing western sanctions on Russia and COVID inspired hardening of supply chains, as nails in the coffin of globalization, but don’t count on it. The only question is who leads.
Tagged By banking
China to continue proactive fiscal policy in H2
China will step up its implementation of a proactive fiscal policy in the second half of 2022 a report from the Ministry of Financ …
China-Mongolia trade has ‘room for improvement’, with investment potential in tech, finance
Batshugar Enkhbayar, the son of Mongolia’s ex-president, says China can help diversify his country’s economy away from mining The Mongolian politician is keen to see more Chinese capital flow into the …
Top China bank ICBC, world’s largest, posts 4.9% H1 profit rise
Industrial and Commercial Bank of China Ltd (ICBC) , the world’s largest commercial lender by assets, said net profit grew 4.9% year-on-year in the first half of this year as the Chinese economy …
China allocates $1.46 billion in subsidies to grain farmers
China will provide grain planters with subsidies totaling 10 billion yuan ($1.46 billion) from its central government budget, the Ministry of Finance said. China Drones over a farm The move aims to …
Delisting of Chinese companies from US stock market: US-China agreement allows audit of firms in mainland China and Hong Kong
The agreement grants the PCAOB complete access to the audit work papers, audit personnel, and other information that needs to be inspected and investigated.
Finance ministry vows ‘meticulous’ implementation of proactive policy in H2
China’s Finance Ministry on Tuesday vowed to meticulously implement a proactive fiscal policy, beef up fiscal capacity for major strategic tasks and resolutely ensure and improve people’s livelihoods …
China issues draft rules to regulate financial holding companies’ related transactions
China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by …
China’s Sichuan Pivots From Historic Drought to Flood Warnings
It’s also threatening to crimp some economic activity, however, with authorities asking 324 mines, including 60 coal operations, to withdraw more than 5,000 workers as a safety precaution. China’s …
China arrests hundreds in country’s biggest-ever bank fraud probe
Hundreds of people have been arrested in China, for alleged involvement in the country’s largest ever bank fraud. China has also started repaying more victims of the $5.8 billion scandal, in a bid to …
China to Require Approvals for Companies to Issue Offshore Debt
China is set to ask companies planning to sell offshore debt with tenors longer than 1 year to get approval from the country’s top economic planning body, bringing greater enforcement to parts of …
US climate envoy John Kerry seeks restart to emissions talks with China
Diplomat points to global scale of the crisis and the difference the two countries can make by ‘working together’ …
China’s green finance creates more opportunities for foreign institutions
As China is expediting its green drive, global financial institutions will get a boost. T (PBOC) recently included two foreign-funded banks in a lending program designed for carbon emission reduction.
ADVERTISEMENT
