(Bloomberg) — China’s central bank announced it will inject one-year liquidity to domestic lenders on Sept. 25, marking another delay amid a broad overhaul of its policy toolkit. Most Read from …
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Beijing subway enables payment by foreign bank cards
Beijing has upgraded more than 20,000 pieces of equipment at subway stations to facilitate the new payment initiative, which was announced at the 2024 China International Fair for Trade in Services, …
Beijing’s top diplomat in Hong Kong to address British Chamber of Commerce in first keynote speech
Cui Jianchun will ‘share the spirit’ of the Communist Party’s third plenary session of the 20th Central Committee and its ‘implications for international business in Hong Kong’.
Why China is seeking greater presence in Africa – the strategy behind its financial deals
China’s relationship with Africa is set to deepen. At a summit in Beijing in early September, China’s president, Xi Jinping, pledged to deliver US$51 billion (£39 billion) in loans, investment and aid …
China’s yuan will never replace America’s dollar
The Chinese yuan is not going to replace the US dollar. Let’s get that out of the way straight up. Russia and China’s attempts to push their currencies onto the global stage sure is impressive,…
Is Beijing about to ‘play the Ryukyu card’ over Tokyo’s stand on Taiwan?
Chinese academics are calling for new emphasis on Ryukyu, linking the ancient kingdom that is now Japan’s southernmost prefecture of Okinawa with China’s national security. Observers say the push …
In the High-Stakes Bet Against US Dollar China’s Banks May Face Significant Losses
In the ongoing competition between China and the United States, a new front has emerged, centered around the US dollar. China is betting big on the fall of the US dollar, using its banks as…
PwC China stops work on $210m campus as Evergrande crisis mounts
A lavish training institute on the tropical island of Hainan is under review as the firm reels from fallout from its audits of the failed property developer.
China’s carbon market is moving from burden to boon
By expanding beyond power generation, the market will increase its trading, diversity and liquidity, raising carbon asset value.
China fines accounting firm PwC $62M, suspends operations for 6 months
China’s Securities Regulatory Commission and Ministry of Finance Friday fined accounting giant PwC $62 million and suspended the company for six months for allegedly enabling fraud by the Evergrande …
Beijing’s pension plan grasps at a utopian reality
This has since increased to over 78 according to the World Bank, compared to about 76 in the United States … This compares with 20 years in China following the latest reform. Beijing has good…
Man convicted under Hong Kong national security law over protest T-shirt
A 27-year-old arrested for wearing a protest T-shirt became the first person convicted under Hong Kong’s new security law that supports Beijing.
Commodity Roundup: China’s oil demand falls, gold hits another record high on rate cut hopes
Oil prices rose on Monday, adding to last week’s gains, as markets hope for an interest rate cut by the U.S. Federal Reserve.
