Central Huijin Investment and China Securities Finance are not among Kweichow Moutai’s top 10 shareholders as of second quarter China’s state-backed funds are pulling out of Kweichow Moutai, adding to …
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China expands digital yuan network with 8 new banks to accelerate adoption
China launched the digital yuan in 2019, but retail adoption has been slow as Chinese consumers are accustomed to using Alipay and WeChat Pay.
China Adds Eight Banks to Digital Yuan Network in Latest Expansion
The central bank’s second approval round of 2026 brings the number of e-CNY operators to 30 and broadens the currency’s footprint in banking, capital markets and daily payments …
Couples in China are saying ‘I do’ in unconventional venues like banks, malls and metro stations
Amid efforts to reverse falling marriage rates, local governments are offering Chinese newlyweds unconventional venues to register their marriage.
China expands digital yuan operating institutions to 30
China’s central bank has expanded the number of banking institutions authorized to operate digital yuan businesses to 30, as part of efforts to promote the steady development of the central bank …
Guangdong Launches ‘Token Loan’ to Finance China’s Booming Computing-Power Sector
Guangdong province has recently launched the “Token Loan,” which is the southern Chinese province’s first dedicated financial product for the “token economy,” aimed at better serving computing-power …
China July bank loans post record contraction as credit demand falters
By Kevin Yao and Shi Bu BEIJING, Aug 14 (Reuters) – China’s new yuan loans posted a record contraction in July, missing forecasts as seasonal factors and weak household credit demand weighed on …
China’s tax enforcement disrupts financial hubs from Hong Kong to New York
China enforces retroactive 20% tax on offshore trusts and insurance policies, rattling Hong Kong’s $2.9 trillion wealth hub and global financial …
China’s central bank pledges timely new policy rollout
BEIJING, Aug 12 (Reuters) – China’s central bank said on Wednesday it would maintain an appropriately loose monetary stance and roll out practical, effective measures as needed, but stopped short of …
Deutsche Bank Gets China’s Currency Stamp
The German lender became Europe’s first renminbi clearing bank, giving Beijing another bridge for pushing the yuan beyond China’s borders.
China’s central bank targets global yuan in first solo 5-year plan in at least a decade
The strategy signals Beijing’s push to build a ‘strong central bank’ capable of driving its financial powerhouse ambitions, analyst says China’s central bank has set out its strategic priorities for …
Lender bank from Beijing inspects MSEDCL projects
Nagpur: A delegation of the Beijing-based Asian Infrastructure Investment Bank (AIIB) recently inspected various power infrastructure strengthening and augmentation projects being implemented in …
PwC weighs halving of China financial services audit staff, Reuters reports
PricewaterhouseCoopers is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of …
