Policymakers are unlikely to make any changes to China’s existing fiscal stimulus package next year, but may focus on additional steps to bolster economic recovery, especially to improve people’s … ( read original story …)
Tagged By finance
China Says Hopes for IMF Consensus on New SDR Allocation
Zhongxia Jin, China’s executive director at the IMF, told an online event he hoped Washington’s opposition to a new SDR allocation would be overcome as many low-income countries’ liquidity problems … ( read original story…
UPDATE 2-China Oct bank loans fall more than expected but broader credit growth quickens
Oct new loans 689.8 bln yuan vs f’cast 800 bln yuan * Oct M2 money supply +10.5% y/y, vs f’cast of +10.9% * Oct outstanding TSF growth quickens to 13.7% from 13.5% in Sept BEIJING,…
China Will Strive to Achieve Major Tech Breakthroughs: President Xi
China will strive to achieve major breakthroughs in key technologies, state media quoted President Xi Jinping as saying on Thursday. China will build trading platforms for international financial … ( read original story …)
China says will quicken special funds spending to support economy
China will speed up the spending of special funds allocated to local governments to help support the economy, vice finance minister Xu Hongcai said on Thursday. ( read original story …)
China’s Big Tech Crackdown
Welcome to the Capital Note, a newsletter about business, finance and economics. On the menu today: a stalled IPO bodes poorly for China’s tech industry, Ackman’s Big Short 2.0, a bleak economic … ( read…
Second China-Italy Finance Dialogue reaches 20 consensuses
Italy Finance Dialogue was held on Wednesday in the form of video conference, and reached 20 consensuses, said the Ministry of Finance in a statement. Both sides conducted in-depth discussions on … ( read original…
$250 billion wiped off Chinese tech stocks as Beijing signals crackdown
Fears that Beijing could tighten the screw on China’s biggest tech companies have wiped hundreds of billions of dollars off their stock market value in just two days. Shares in Alibaba and JD.com have ……
China’s banking regulator signals tougher fintech antitrust laws
A senior official at China’s banking regulator has warned that technological advances in the financial industry risked creating monopolies, a day after Beijing unveiled new antitrust rules for the … ( read original story …)
Mapping the Futility of China’s Financial Decoupling From the U.S.
Confrontations in trade, technology and geopolitics are threatening to spill over into the financial system, with the U.S. pondering sanctions against Chinese banks and China weighing the possibility … ( read original story …)
A Big Chinese Bank Is Selling Bonds That Can Be Bought With Cash or Bitcoin
China Construction Bank is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using U.S. dollars or bitcoin. ( read original story…
Fintech firms must behave like banks, China regulator says as it ring-fences runaway industry to rein in potential risks
Liang’s comments are the clearest enunciation of the Chinese regulator’s risk appetite in the world’s largest fintech market, after they foiled Ant Group’s US$39.67 billion stock sale in Shanghai and … ( read original story…
Trade Finance Market Boosting the Growth Worldwide | Societe Generale, China Exim Bank, BNP Paribas
AMA Research published a new research publication on “Trade Finance Market Insights, to 2025” with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you … ( read original story…
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