Banks will let investors use Chinese CBDC to buy stocks and bonds. Digital yuan holders will get 0.05% quarterly interest payouts starting March 20. Wallet holders must complete extra identity checks …
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China nudges banks to disclose lending ties with Venezuela, Bloomberg News reports
China’s top financial regulator asked its policy banks and other major lenders to report their lending exposure to Venezuela after the U.S. capture of the Venezuelan president, Bloomberg News reported …
China reacts with condemnation — but no threats — as the fallout from Trump’s Venezuela attack begins to ripple
China reacted to President Trump’s arrest of Venezuela’s leader over the weekend with a series of condemnations but no signals of retaliation so far.
China probes banks’ Venezuela credit exposure after US raid, say reports; Deutsche Bank shares trade above book value
China’s financial regulator has asked the country’s development banks and major commercial lenders to report their exposure to Venezuela following the US raid on the country that led to the capture of …
China’s Non-Bank Payment Industry Undergoes Reshuffling in 2025
More than 20 non-banking payment firms increased their capital last year, according to data from the People’s Bank of China compiled by Yicai. For example, WeChat’s payment platform Tenpay was …
China Asks Banks to Report Exposure to Venezuela After US Raid
China’s top financial regulator asked its policy banks and other major lenders to report their lending exposure to Venezuela after the US ousted the South American country’s Beijing-friendly leader, …
China’s services growth hits 6-month low in December, shows private PMI
China’s services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, a private-sector survey showed on Monday.
Beijing’s quiet challenge to US influence in Latin America
Beijing is openly encouraging reduced reliance on the dollar in regional trade. Currency swap agreements, local-currency settlements, and deeper cooperation among central banks are no longer …
In the new world order, market power trumps military might. Can China compete?
China needs to adapt to a more competitive global environment driven by market power, technological innovation and institutional leverage, according to analysts at a leading Beijing-based think tank.
China CITIC Financial Asset Management updates audit committee terms of reference
The latest announcement is out from China Huarong Asset Management Co., Ltd. Class H ( ($HK:2799) ). China CITIC Financial Asset Management Co., …
China’s property woes could last until 2030
Vanke, a state-backed property giant, is teetering on the edge of default. New home sales by floor space have fallen by half since their peak in 2021. Fresh residential construction is down by nearly …
China allocates initial $8.9 billion for consumer goods trade-in scheme in 2026
China is allocating 62.5 billion yuan ($8.94 billion) from ultra-long special treasury bond funds initially this year for its scheme that offers consumers subsidies to replace domestic appliances, …
China lets banks pay interest on digital yuan wallets from January 2026
The PBOC is seeking to add interest payments to e-CNY holders, to expand the national use of the digital yuan, while the US has banned the creation of a CBDC due to financial stability risks.
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