Shanghai is under lockdown Friday, as COVID cases continue to surge in China’s financial capital. It is the most severe measure by the Chinese government to isolate and tract infections since it shut …
Tagged By finance
China’s central bank stresses defusing financial risks in 2022
China will strengthen efforts to prevent and defuse financial risks to stabilize the financial market in 2022, according to the central bank. The People’s Bank of China will enact concrete measures to …
Shanghai lockdown enters phase 2, largest COVID shutdown in China
The lockdown is being done in two phases over eight days to test the entire population of China’s biggest city.
China central bank seeks to avoid systemic risks
BEIJING- China’s central bank said on Friday the country’s financial system will continue to seek progress while maintaining stability this year, and will safeguard the bottom line of avoiding …
China Weighs Giving U.S. Full Access to Audits of Most Firms (1)
Chinese authorities are preparing to give U.S. regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as mid-this year, making a rare …
China’s Local Gov’ts Issued USD290 Billion of Bonds in First Quarter, Double a Year Ago
China’s local governments issued CNY1.82 trillion (USD290 billion) of local bonds in the first quarter, more than twice the amount issued in the same period of last year, China Securities Journal …
Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday.
China’s finance ministry ups R&D tax allowance for small, mid-sized tech firms
China’s finance ministry said on Friday it has increased the research and development (R&D) tax allowance for some small and mid-sized tech firms this year. From January 1, eligible small tech firms …
China critic Murdoch borrows US$100m from state-owned Bank of China
Despite his media operations slamming Xi Jinping’s regime, the Murdochs accepted a megamillion-dollar loan from the government-run bank.
Xinhua Silk Road: China’s Chongqing FTZ, magnet for foreign investment amid opening-up
Pilot Free Trade Zone (Chongqing FTZ) in southwest China’s Chongqing Municipality has seen practical and innovative achievements of opening-up, according to Li Xunfu, an official with Chongqing …
Citigroup Sees Nearly 1-Point Cut to China’s Quarterly GDP
A prolonged omicron wave in China could cut economic growth in the second quarter, and future outbreaks pose risks to growth in the rest of the year, according to Citigroup Inc.
India tries to pry Sri Lanka loose from China’s embrace
India is trying to outdo China in its alacrity to provide financial help to Sri Lanka, which is running dangerously low on foreign reserves to service its debt.
Global green finance rises over 100-fold in decade – study
Global green financing, aimed at environmentally friendly projects around the world, has grown over 100 times in the past decade, a new study from the TheCityUK and BNP Paribas showed.
