Back in February 2019, while presiding over a group study session of the CPC Central Committee Political Bureau, Xi stressed the need to deepen understanding of the essence and laws of finance, based …
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Int’l financial institutions upbeat on China’s economic outlook
China’s infrastructure investment growth picked up in September, due to the acceleration in issuance of local government special bonds, while the manufacturing investment also increased thanks to …
Biden pitches Americas summit on alternative to China funding for infrastructure and development
Don’t miss: Jim Chanos says China ‘poses grave financial and geopolitical threats’ — ‘more so today than ever before’ Also see: Biden enlists India leader Modi as counterweight to China influence …
China’s non-financial ODI up 18.7 pct in first nine months
China’s non-financial outbound direct investment (ODI) increased 18.7 percent year on year to 673.14 billion yuan in the first nine months of the year, …
China to foster sound monetary, financial environment: central bank
China’s central bank on Friday said that it will further implement financial macro control and maintain its prudent monetary policy to foster a sound monetary and financial environment.
China central bank probes ‘abnormal’ trades during Oct. 31 liquidity stress
BEIJING, Nov 3 (Reuters) – China’s central bank said on Friday that the country’s interbank market operator was probing “abnormal” trades on Oct. 31, when overnight borrowing costs surged to as high …
China central bank says subsidiary is probing Oct. 31 abnormal trades
A subsidiary of China’s central bank, China Foreign Exchange Trade System, is gathering information about abnormal trades on Oct. 31 which involved borrowing and lending at extremely high interest …
Bank of China GAAP EPS of RMB0.19
Q3 GAAP EPS of RMB0.19. Operating income of RMB151.22M More on Bank of China Bank of China: Sluggish Economy Creates Significant Uncertainty Bank of China Limited (BACHF) Q3 2023 …
China reports current account surplus in first nine months
BEIJING – China’s current account surplus was $208.9 billion in the first nine months of the year, the State Administration of Foreign Exchange said Friday. Of the total, the surplus under trade in …
Beijing bans Communist party officials from private equity investing
Beijing has told Communist party cadres to stay away from private … The ban comes as Xi shakes up the finance industry. State-owned banks have cut salaries and perks for staff this year while the…
China central bank: will ensure reasonable and sufficient liquidity
China’s central bank will use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, it said on Friday. The People’s Bank of China (PBOC) will also maintain reasonable …
Xinhua Silk Road: Annual Conference of Financial Street Forum 2023 to be held during Nov. 8-10 in Beijing
BEIJING, Nov. 3, 2023 /PRNewswire/ — The Annual Conference of Financial Street Forum 2023 will kick off on November 8 in Beijing, with the focus on strengthening financial openness and cooperation as …
China’s property slump pushes financial regulator to roll out loan rule ‘trick’ to help grease the economy
China had 38.5 trillion yuan (US$5 trillion … the losses across different stakeholders and across time,” said Chen Zhiwu, chair professor of finance at the University of Hong Kong. “At the moment, …