The People’s Bank of China did not seek to nor will it seek to ban legitimate investments or trading in its government bonds, but it sees risks in a buying spree of the securities, according…
Tagged By finance
China regulates bond market based on market principles, state media says
China’s financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting claims of market …
Analysts: China-Russia financial cooperation raises red flag
The Chinese yuan replaced the dollar as Russia’s most traded currency in 2023, when the U.S. imposed sanctions on a few banks in Russia that could still trade across the border in dollars, according …
Beijing, Washington spar in Pacific
Pacific Island nations are at the center of a “great game” between the US and China, an Australian think tank argued.
China’s yuan hits internationalisation landmark with record share of global payments
China’s yuan has won a record share in global settlements, an indication the country’s efforts to internationalise its currency are continuing to bear fruit.
China spends big on Samsung, SK Hynix chips in first half amid US sanctions fears
China significantly increased the import of South Korean chips in the first half of 2024, according to data from Samsung Electronics and SK Hynix, the two memory chip giants. Samsung reported an 82 …
China’s Xi talks AI cooperation in call with British PM, Xinhua reports
BEIJING, Aug 23 (Reuters) – China’s President Xi Jinping discussed stepping up cooperation with Britain in finance, the green economy and artificial intelligence in a phone call with Prime Minister …
Beijing hosts World Robot Conference as China eyes expanding humanoid robot market
Chinese robot manufacturers are expressing optimism for China’s humanoid robot market at the World Robot Conference in Beijing on August 21, 2024. Humanoid robots in China are mostly used for …
In call with UK’s Keir Starmer, China’s Xi Jinping urges long-term view of ties
China and Britain should take a “long-term and strategic view” of their relationship and step up dialogue and cooperation, Chinese President Xi Jinping told British Prime Minister Keir Starmer in a …
China’s humanoid robot development threatens Tesla’s global market lead
With a dominant position in the electric vehicle market, China is using the same blueprint for their rollout including government support, ruthless price competition from a wide field of new entrants …
Alibaba gains as it swaps listing status in Hong Kong to tap mainland China investments
Alibaba Group Holding said it would switch its listing status in Hong Kong, in a technical move that qualifies the technology behemoth to sell shares to mainland China’s 220 million stock investors.
China targets “one-stop” financial fraud services in latest crackdown
China’s Supreme People’s Procuratorate (SPP) has pledged strict punishment for units and individuals offering “one-stop” services for financial fraud for …
Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) – Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the…
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