Hong Kong and China will develop a Swap Connect programme for bonds this year, after formally kicked off the ETF Connect programme The PBOC upgraded Hong Kong’s yuan settlement programme into a …
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China NFTs: Tencent and Ant Group join industry pledge to ban cryptocurrency and fight speculation
China’s non-fungible token (NFT) industry has published a “self-discipline initiative” that promises identity checks for users, adherence to the country’s ban on cryptocurrencies and a promise not to …
Beijing announces interest rate swaps with Hong Kong after Xi Jinping visit
Mainland China and Hong Kong financial regulators said on Monday that they will launch a programme allowing mutual access to interest rate swap trading in six months, in a move to …
China, Hong Kong to launch rate ‘Swap Connect’ in boost to financial integration
China and Hong Kong will launch a new “Swap Connect” scheme, allowing mutual access to interest rate swaps trading to promote financial derivatives markets.
Chinese-Canadian billionaire due to go on trial in China on Monday: Embassy
BEIJING: Chinese-Canadian billionaire Xiao Jianhua, who went missing in Hong Kong five years ago, was due to go on trial in China on Monday (Jul 4), the Canadian embassy in Beijing said. China-born …
China, HK to launch rate ‘Swap Connect’ toward financial integration
China and Hong Kong will launch “Swap Connect” after six months, allowing mutual access to interest rate swap trading initially, to promote financial derivatives markets on both sides, regulators said …
China finds and kills 42,000 counterfeit apps – many of them investment scams
The Cyberspace Administration of China (CAC) announced a crackdown on investment fraud platforms on Friday in conjunction with the country’s Ministry of Public Security. “Since the beginning of this …
Hackers Claim Theft of Police Info in China’s Largest Data Leak
Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database, in what industry experts are calling the largest cybersecurity breach …
US Envoy to Beijing Urges China to Stop Spreading Russian ‘Lies’
The US ambassador to China called on the Foreign Ministry in Beijing to stop spreading Russia’s “lies,” in an unusually direct and public rebuke by the top American diplomat in the country. Most Read …
China central bank upgrades currency swap with HKMA, expands size
BEIJING: China’s central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a permanent agreement and expanded the size to 800 billion yuan ($119.40 billion) from 500 …
China has changed the substance of the zero-Covid policy without changing its name, says HSBC
Steven Sun of the bank discusses the “fundamental change” and says China’s top priority is stimulating the economy.
China still weighing up risks of engagement with Afghanistan’s Taliban government, say experts
It did not help that more than US$9 billion in Afghan central bank assets held in Western countries were frozen after the Taliban took power. Around 75 per cent of Afghan governme …
China and Hong Kong to launch rate ‘Swap Connect’ toward financial integration
The move, announced on the same day China and Hong Kong launched ETF Connect, and came after similar schemes facilitating cross-border stock and bond investments, represents the latest efforts toward …
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