China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 per cent against…
Tagged By finance
China's Xi to promote globalization at Davos, not 'war and poverty'
BEIJING/GENEVA (Reuters) – China’s President Xi Jinping will promote “inclusive globalization” at this month’s World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to “war and poverty”, Chinese officials said…
China to merge state media for stronger voice in financial news
BEIJING China is set to consolidate five state media companies to create a “modern financial media group” to increase the state’s voice in economic and financial news coverage, the state-run Xinhua news agency said on…
China faces a rock and a hard place amid yuan volatility
China’s central bank does not allow the currency to move more … Chinese regulators introduced new rules, which will take effect in July, requiring financial institutions on the mainland to report domestic and overseas cash…
Beijing News: Vulnerable Monetary System Led to Bitcoin’s Growth
Beijing News, a prominent Chinese mainstream media outlet, stated in a recent coverage of bitcoin that the rapid growth of the digital currency is directly attributable to vulnerable monetary systems which serve the global financial…
China Dividend ETFs And No Banking
Manufacturing is still on the rise while export levels are holding parity, domestic trade is supporting growth. Consumer sentiment is also rising along with the muted rise of the Shanghai index which shows no sign…
China vows to contain corporate debt levels as inflation heats up
Xu said China will not allow debt of non-financial firms to rise beyond current levels, and will step up efforts to encourage companies to restructure their debts. China’s corporate debt has soared to 169 percent…
China's December producer prices accelerate at fastest pace in over five years
China’s sustained producer price jump has not yet started filtering … The PBOC reaffirmed it would keep liquidity in the financial system stable while taking steps to prevent asset bubbles and financial risks in its…
Despite lack of success in China, foreign banks' investments still pay off
Australia and New Zealand Banking Group (ANZ) has become the latest foreign bank to scale back its China presence by selling its stake in a Chinese lender. With the sale, ANZ has followed many foreign…
Xiaomi And Meituan Enter Chinese Internet Bank Market
Xiaomi gets a 30% stake in the third internet bank in China, after those led by Alibaba and Tencent. It is also the first privately owned bank in western China. Meituan, China’s largest group buying…
China pledges further cuts in excess steel, coal production
BEIJING — China’s top economic planner pledged Tuesday to continue cutting steel and coal production that have been a source of trade friction with many countries. China reached targets for cuts last year, Xu Shaoshi,…
China seeks foreign investment in five-year trade plan
BEIJING (Reuters) – China’s commerce ministry reiterated its determination to lure foreign investment in manufacturing and its backing for domestic companies going overseas in a foreign trade plan for the five years to 2020 published…
China's banks have limits on how much they can lend
In fact, the opposite has happened. Central and local government borrowing in China has soared: bank and shadow-bank credit has grown rapidly: and the People’s Bank of China (PBOC) has increasingly issued direct loans to…
ADVERTISEMENT
