This thinking has been evolving for some time. Back in 2016, the Governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, set out the Bank’s thinking about digital currency, saying that it is an…
Tagged By finance
China’s new loans in Jan surge to record 2.9 trillion yuan, blow past forecasts
Reflecting that tricky balancing act, authorities are already warning China’s banks to rein in new lending growth after the strong start to the year, financial magazine Caixin reported late on Monday, citing banking sources. Broad…
China names JP Morgan Chase Bank as yuan clearing bank in U.S.
BEIJING (Reuters) – China’s central bank on Tuesday named JP Morgan Chase Bank as yuan clearing bank in the United States. The People’s Bank of China made the announcement on its website. ( read original…
China Jan new loans surge to record 2.9 trillion yuan, blow past forecasts
BEIJING (REUTERS) – China’s banks extended a record 2.9 trillion yuan (US$ … according to Reuters calculations based on the central bank data. Beijing is in the second year of a regulatory push to clamp…
Nation’s central bank warns of digital financial risks
“China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly and is now on par with that of other G20 countries,” while having the world’s largest agent banking network,…
China’s central bank injects liquidity into market via MLF
BEIJING – China’s central bank Tuesday injected 393 billion yuan ($62.2 billion) into the market via the medium-term lending facility (MLF) to maintain liquidity. The People’s Bank of China, the central bank, said the injected…
China central bank governor says will maintain prudent monetary policy in 2018 – PBOC publication
BEIJING (Reuters) – China’s central bank governor Zhou Xiaochuan said China will maintain prudent monetary policy as well as appropriate growth in credit in 2018, according to comments in China Financialyst, a magazine published by…
Beijing ups trade tensions with new measures on US chemical
Trade tensions between the world’s two largest economies continued to simmer as Beijing took aim at imports of a key chemical from the United States, the latest move in a growing standoff between the pair.…
China Jan non-financial ODI up 39.7 pct to $10.8 bln – state media
BEIJING, Feb 13 (Reuters) – China’s non-financial outbound direct investment in January rose 39.7 percent year-on-year to $10.8 billion, the Shanghai Securities News reported on Tuesday citing data from the Ministry of Commerce. That compared…
Is China Goldcorp Ltd (CVE:CAU.H) Cheap And High Growth?
China Goldcorp Ltd (TSXV:CAU.H), a CA$641.06K small-cap, is a capital market firm operating in an industry, which now face the choice of either being disintermediated or proactively disrupting their own business models to thrive in…
China advised to keep close eye on digital finance risks: Report
Risk of digital finance is also elevated, which is especially related to data privacy and fraud, forming new challenges to achieving sustainable and long-term financial inclusion. [Photo/China Daily] Chinese policymakers are advised to continually keep…
Central bank researcher calls for ‘matrix structure’ to give super financial regulator teeth
The top researcher at China’s central bank has called for a new financial supervisory body to be given a “matrix structure” to steer reforms, amid market buzz around alternatives that include merging some regulators. After…
From Brooklyn to Beijing: Stephon Marbury bids teary adieu to basketball
Hero of this city’ – “I remember boys talking about how good Marbury was when I was still in senior high, over a decade ago,” said 30-year-old finance officer Zhao Wang, who started watching basketball…
