The Chinese city of Bengbu in Anhui province will start its next round of repayments to clients of a local rural bank on Aug. 8，the city’s financial regulators said on Friday, after their funds were…
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China’s Henan province to make next repayment round to rural bank clients
Financial authorities in China’s Henan province said on Friday they will begin from Aug. 8 a fourth round of repayments to clients of four rural banks whose funds were frozen in what authorities said …
China moves to unleash market demand for stronger growth
Against the backdrop of the COVID-19 pandemic and external complexities and uncertainties, China is maneuvering its policy toolkit to bolster the demand of its super-large domestic market to perk up …
Central bank seeks amendment to law for sharpening financial teeth
By making this move, the PBOC, the central bank, will better perform its duties in making overall plans for systemically important financial institutions and financial holding companies, regulating …
‘Financial monsters’: China’s bad banks complicate property crisis
To contain the fallout from the Asian financial crisis two decades ago, Beijing set up a group of bad banks and packed them with the country’s most toxic debts. But with deepening distress in China’s…
China moves to unleash market demand for stronger growth against external uncertainties
China is maneuvering its policy toolkit to bolster the demand of its super-large domestic market to perk up the economy for stronger growth. * Retail sales of consumer goods regained vitality and …
China’s Innovent Biologics secures over $300 million investment from Sanofi
Innovent Biologics Inc said on Friday Paris-based Sanofi SA would invest HK$2.42 billion ($307.88 million) in the biopharmaceutical group to jointly develop two cancer drugs in China. The all-cash …
US handed green battery tech discovery worth millions of taxpayer dollars to China, report reveals
The U.S. Department of Energy (DOE) gave China the rights to a green battery capable of powering an entire house for decades which cost millions of tax dollars to develop, according to a new report.
CPEC in trouble with China, Pak’s disengagement amid economic crisis
Almost a decade after Beijing initiated the China-Pakistan Economic Corridor (CPEC), the implementation of its important projects is in jeopardy as Pakistan is heading into an economic crisis while …
China’s Ant Group net profit fell 17.3% in March quarter – Alibaba filing
China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from Alibaba Group …
China starts biggest-ever military drills around Taiwan after Pelosi visit
The U.S. House speaker defied intense warnings from Beijing not to stop in Taiwan. In turn, China launched the drills in some of the world’s busiest shipping lanes.
How the tight bond between Alibaba and Ant has weakened under regulatory pressure from Beijing
The bond between Alibaba Group Holding and Ant Group, which share a common founder in Jack Ma and once even seemed to operate as one company, is unravelling at an accelerated pace as the fintech…
EMERGING MARKETS-Rebound in Chinese shares powers broader rally; c.bank decisions awaited
Emerging market stocks made cautious gains on Thursday, with eyes on Chinese sabre-rattling, while currencies bided time ahead of some central bank policy decisions. Aug 4 (Reuters) – Emerging market …
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