Intervention to calm panic is welcome but took too long, coming only after 16 months of intense crackdowns, including on tech giants Tencent and Alibaba The rhetoric must now be matched with concrete …
Tagged By finance
China’s yuan under pressure amid ‘unprecedented’ capital outflows following Russian invasion of Ukraine
Investors have pulled money out of China on a huge scale even as flows to other emerging markets held up, the Institute of International Finance says Analysts expect fund outflows in yuan-denominated …
China’s national wealth remains vulnerable to Western financial sanctions, no matter what it does
Sanctions on Moscow show that foreign reserves held by central banks are never truly ‘safe’, which is bound to make Beijing uncomfortable Yet when it comes to shifting away from Western currencies, …
Economic Watch: China scales up VAT rebates to boost market entities
China is set to boost its value-added tax (VAT) credit refunds in the country’s latest tax and fee reduction efforts to ease the burden on businesses and shore up the vitality of market entities. The…
China’s central bank on hiring spree to expand e-CNY digital currency trial
China’s central bank said it would expand the scope of its digital yuan trial this year, as it rushed to fill hundreds of engineer and product developer positions to accelerate the initiative. The …
China’s financial stability guarantee fund to safeguard against systemic risks to be ready by September
China’s Premier Li Keqiang said in this year’s work report this month that China would set up the fund to safeguard against systemic risks …
U.S. China Decoupling Has Already Begun
The question now is how fast and how far it goes. George Magnus writes on the fallout of the Russian war for the world’s most important economic relationship.
China to maintain yuan flexibility, brace for external shocks
China said on Friday it will maintain yuan flexibility and foreign exchange market stability, vowing to actively prevent and defuse risks from external shocks.
China Bond Market Exodus Shows Signs of Gathering Pace in March
The biggest exchange-traded fund tracking yuan bonds recorded a whopping $460.4 million of outflows so far this month, adding to recent signs of an exodus from Chinese assets.Most Read from …
China’s Bank of Communications Boss Warns of Tough Year Ahead
The president of China’s Bank of Communications Co Ltd (BoCom), on Friday warned it will be difficult for the lender to deliver satisfactory earnings this year. “This year has been the most complex …
China’s Bank of Communications annual profit up 11.9%, beats estimates
China’s Bank of Communications Co Ltd (BoCom) 601328.SS, 3328.HK reported a full-year profit rise of 11.9% on Friday, beating estimates. China’s sixth largest commercial bank by assets reported a full …
China’s Bank of Communications Q4 profit falls 9.2per cent
China’s Bank of Communications Co Ltd (BoCom), reported a 9.2per cent drop in fourth-quarter net profit on Friday.China’s sixth-largest commercial bank by assets reported a net profit of 23.2 billion …
China to finish preparation for establishing financial stability guarantee fund by Sept
China will complete its preparation for establishing a financial stability guarantee fund by the end of September with the central bank leading the work, a document published by State Council showed …
