President Xi Jinping said China will put in place “more proactive” macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday.”We must… further …
Tagged By finance
For China to Revitalise Its Economy, It Must Rekindle the Entrepreneurial Spirit.
China’s leadership has acknowledged the need to prioritize consumption and foster entrepreneurship, but these goals require deeper systemic reforms and a bolder embrace of risk-taking to reignite …
China’s central bank to conduct second SFISF operation
BEIJING — China’s central bank said Tuesday that it would conduct the second operation of the Securities, Funds and Insurance companies Swap Facility (SFISF) soon, which aims to support the healthy …
Xi Says China’s 2024 GDP Growth Set to Hit Target of Around 5%
China’s gross domestic product is expected to expand around 5% for the full year of 2024, President Xi Jinping said, signaling the world’s second-largest economy is on track to meet its official …
China factory activity grows more slowly, services recover
China’s manufacturing activity barely grew in December though services and construction recovered, an official survey showed on Tuesday, suggesting policy stimulus is trickling into some sectors as …
Chinese hackers infiltrate US Treasury in major cyberattack, officials tell Congress
A China state-backed actor successfully breached US Treasury Department workstations and accessed “unclassified” documents via a cloud service intrusion earlier this month, officials …
China’s financial corruption crackdown reeled in dozens of naughty bankers in 2024
With hopes of becoming a ‘financial superpower’, China has been ramping up efforts to curb risks and keep malfeasance in check China’s financial sector has undergone profound changes, marked by …
Policies expected to focus on bolstering demand, stability of yuan
On Friday, the central bank, in a financial stability report, vowed to “enhance the resilience of the foreign exchange market, stabilize market expectations and keep the yuan exchange rate basically …
China Market Update: Mainland Buying Makes Up Half Of Hong Kong Turnover
Asian equities were largely lower on light volumes as the Philippines was closed for Rizal Day, which is a national holiday commemorating the life and works of Jose Rizal, a national hero of the …
British tech giant boss resigns amid row over China security fears
The chief executive of one of Britain’s biggest semiconductor companies is stepping down amid claims the business transferred key technology to China.
Sunac China wins more support for restructuring from bondholders, source says
Property developer Sunac China has so far received sufficient support from holders of seven of its 10 bonds to cut its onshore bond debt by more than half through a restructuring, a source with direct…
China urges more aid for people in need as economic woes persist
The Chinese government urged local officials to provide more financial relief or step up one-time allowances to people in need ahead of major holidays over the next month, as China’s economic …
China bond bonanza likely to continue into 2025; investors worried about economic strength
Some brokerages believe yield on 10-year government bond could fall below 1.5 per cent in 2025 China’s bond market is likely to extend its bull run into next year, as the government is expected to…
