US Senators Offer Ban on Using Digital Yuan for USA Olympic Athletes; Bank of America (NYSE: BAC) Plays in Bitcoin Futures Market; Cinema Time: Ethereum Documentary Starring Vital …
Tagged By finance
China Evergrande Group tumbles as Beijing tightens oversight of sector
Shares of China’s second-largest property developer by sales tumbled again on Tuesday after reports of an asset freeze.
How China’s Big “Bad Bank” Went From Safe Haven to Risky Bet
The Chinese government intended Huarong Asset Management to be a janitor that cleaned up toxic debt. But following the bribery conviction and execution of its former chairman, things went from bad to …
China Moves to Ease Child-Rearing Costs, in Drive to Boost Births
China said that it would reduce the cost of raising and educating children and shore up labor protections for women over the next five years.
China loan rate left unchanged despite speculation of further policy easing to support economic growth
The loan prime rate (LPR) is seen as China’s de facto benchmark funding cost since a reform in 2019 and is released on the 20th of each month.
China’s domination of global finance about to take a quantum leap
Is China quietly preparing to transform the market for global investment funds, just as it has remade global trade and manufacturing? As reported in the Financial Times, “What happens if Chinese …
China’s Fiscal Revenue Growth Likely to Slow Sharply in H2 – Ministry Official
China’s fiscal revenue growth is likely to slow significantly in the second half, compared with a 21.8% year-on-year jump in the first six months, a finance ministry official said on Tuesday. China’s …
China loan rate unchanged despite speculation of further policy easing to support economic growth
Banks in China kept the benchmark loan rate unchanged in July for the 15th straight month, indicating that the central bank is continuing to keep policy stable despite a recent surprise move to add …
Experts see promise in China competition bills, but want to see the money too
Both chambers have passed bills to authorize billions of dollars in new spending on technology but appropriators have to offer up the cash.
Republican Lawmakers Push for Digital Yuan Ban at Beijing Games
A trio of Republican senators penned a letter expressing concerns about China using its digital yuan as a way to spy on Team USA.
China shares fall as Beijing stands pat on benchmark lending rate
China shares fell on Tuesday as investors adopted risk-off mode after Beijing kept a benchmark lending rate unchanged despite growing expectations for a cut, while developer Evergrande slumped after …
China’s fiscal revenue up 21.8 pct in H1
China’s fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of 2021, official data showed on Tuesday. According to data released by the Ministry of Finance, the …
Investors should be wary of China’s credit impulse
This key economic indicator worked during the global financial crisis but has not been a robust guide for investors before or since.
