May 30 (Reuters) – China’s central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different – and potentially…
Tagged By finance
China appoints top regulatory official as financial clean-up drive continues
Ding Xiangqun takes up key role at the National Financial Regulatory Administration, one month after her predecessor was removed China has appointed a new Party chief of the National Financial …
China appoints veteran banker Ding Xiangqun as financial regulator’s Communist Party chief
BEIJING, May 29 (Reuters) – China has appointed veteran banker Ding Xiangqun as the Communist Party committee chief of the National Financial Regulatory Administration, according to a statement …
China, Serbia triple bilateral local-currency swap, aiming to boost trade, financial cooperation
China and Serbia have more than tripled the size of their bilateral local-currency swap arrangement, a move that analysts said will provide stronger financial support for expanding trade, investment …
Without fanfare, China is making rural migrants’ lives easier
So here is another one that is true, non-trivial and more germane to this age: China would face fewer trade wars with the rest of the world if its people were less thrifty. China angers…
CIMB in strategic partnership with China Merchants Bank to expand cross-border banking solutions
CIMB Bank Bhd and China Merchants Bank Co Ltd have established a strategic partnership to offer cross-border solutions and support the expansion of end-to-end banking services across China, Malaysia, …
China’s gold holdings rise again as central bank extends buying streak
Gold ETFs stay strong while jewellery demand cools in seasonal shift …
China’s economy to grow by 4.5% this year, World Bank predicts
China’s economy is projected to grow by 4.5 percent in 2025 and 4 percent in 2026, with fiscal policy cushioning the slowdown pressures due to global trade restrictions and uncertainty, said the …
Private banking awards national winners 2025: China
With its outstanding service capabilities, innovative product design, and professional market research, Bank of China Private Banking has once again been named China’s best state-owned private bank, …
China just locked Nvidia out of its AI market as Donald Trump’s tariff plan backfires spectacularly
China has refused to buy any H200 AI chips from Nvidia. The move might be due to costs or security concerns. It comes after a personal intervention …
Banks in Hong Kong tighten investment account rules after Beijing’s crackdown
HONG KONG, May 27 (Reuters) – Foreign and Chinese banks in Hong Kong are moving quickly to comply with a Beijing-led crackdown on cross-border investment, according to documents and sources with …
China’s CreditEase Freezes $4.4 Billion Wealth Products as Shadow Banking Risks Reemerge
CreditEase, one of China’s earliest internet-finance pioneers, has suspended principal and interest payments on fixed-income-like wealth management products sold by its Heritvest unit, affecting an …
China lets policy loan rate fall to record low to boost economy
China let the interest rate on a one-year policy loan to banks decline to a record low, according to people familiar with the matter, a sign Beijing is stepping up efforts to support an economy…
