China’s economy is showing more stability and improvement even though both the domestic and overseas environments remain complex and grim, the central bank’s monetary policy committee said. The People …
Tagged By finance
Beijing subways now take digital RMB, with more transport modes to follow
Beijing will provide more application scenarios for digital renminbi in future after it announced an e-CNY service for taking subway lines in the city on Wednesday. As China’s capital and the national …
FirstFT: US and Japan run war games as China-Taiwan tensions rise
The US and Japan have been conducting war games and joint military exercises in the event of a conflict with China over Taiwan, amid escalating concerns over the Chinese militarys …
China-Australia relations: WTO trade disputes rehash old question of whether China is a ‘market economy’
China and Australia both filed complaints at the World Trade Organization just one day apart this week, over mutual anti-dumping duties imposed on each other’s products.
Cambridge Centre for Alternative Finance Alternative Finance Report: Total Global Volume Increase, If You Remove China
The Cambridge Centre for Alternative Finance (CCAF) has just released its most recent report providing data on the global alternative finance industry. According to the 2nd Global Alternative Finance …
America can learn from Communist China, says Berkshire’s Charlie Munger
Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba’s Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those …
Berkshire’s Munger says China right to clip Ma’s wings
Vice Chairman Charlie Munger praised China’s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.
Beijing subway network accepts digital currency
Subway commuters in Beijing can pay their fares using China’s central bank digital currency, digital yuan, starting Wednesday, according to the Beijing Municipal Commission of Transport. With the …
Beijing subway now accepts digital yuan
Beijing has become a major spot for China’s digital yuan trials, housing a wide number of e-CNY integrations and related initiatives.
Biggest China Bank Abandons $3 Billion Zimbabwe Coal Plan
China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of…
Deutsche Bank China Investment Bank Vice Chair Leaves After 20 Years
Rowena Chu, vice chair of Greater China investment banking coverage at Deutsche Bank AG, has left the firm after working there for 20 years, people with knowledge of the matter said. The Hong …
BNY Mellon urges caution as financial conditions tighten in the U.S. and China
Geoffrey Yu, senior EMEA market strategist at BNY Mellon, discusses the outlook for equity markets as central banks in the U.S. and China turn hawkish and the world grapples with the new delta …
Beijing Rail Transit Accepting Digital Renminbi Payments in Pilot Program
The Beijing Rail Transit has launched a pilot program that accepts the country’s CBDC for payments. The digital renminbi can now be used to pay for tickets on multiple railway lines.
