China issued guidelines on classifying and grading financial information service data, providing a framework to implement existing data security laws.
Tagged By finance
China is About to Throw $300 Billion at Data Centers to Pass America
After unveiling a nearly $300 billion construction plan this week, China inched closer to owning the world’s AI-infra back and its energy.
Digital finance set for rapid expansion
DU JIANPO/FOR CHINA DAILY With continued government emphasis and rising share-buying interest, digital finance is expected to see substantial progress in China, which will translate into more impetus …
China Asks Big Banks to Curb Interbank Lending to Ease Cash Glut
China told big state-owned banks to reduce their lending in the interbank market, according to people familiar with the matter, in an effort to prevent borrowing costs from drifting too far below the …
Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers
June 11 (Reuters) – China’s crackdown on cross-border investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong that tap into the riches of mainland …
China is innovative. Its economy is a mess. Which matters more?
Yet its economy is still weighed down by a property slump and big debts accrued by the local government since the early 2010s. The Chinese economy has slowed considerably in recent years, never fully …
China’s central bank head says country a haven for asset diversification in volatile world
Pan Gongsheng tells representatives from about 30 central banks around the world that opening-up measures are working.
Analysis-Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers
June 11 (Reuters) – China’s crackdown on cross-border investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong that tap into the riches of mainland …
CIMB, China CITIC Bank strengthen China-ASEAN connectivity
The partnership will support cross-border banking, trade, and financing solutions across the corridor. CIMB Bank has signed a letter of intent with China CITIC Bank to strengthen financial …
CIMB, China Citic Bank partner to boost China-Asean financial connectivity
CIMB Bank Bhd has entered into a partnership with China CITIC Bank Corp Ltd to strengthen financial connectivity between China and ASEAN, with a particular focus on Malaysia and Indonesia.
China, Brazil commit to deepening financial cooperation
Chinese and Brazilian officials held a financial and economic meeting in Beijing on Tuesday, where they pledged to further deepening financial and economic cooperation amid a turbulent world economy, …
China’s Top Financial Regulator Targets Small-Bank Risks, Property Funding and Local Debt
China’s top financial regulator has pledged to accelerate the overhaul of struggling local banks and prevent sudden institutional collapses, signaling a continued crackdown on financial risks under …
China Exim Bank delegation to discuss CIPS, Panda Bonds with BB
A delegation from the Export-Import Bank of China (China Exim Bank) is scheduled to meet Bangladesh Bank today to discuss the possibility of Bangladesh joining China’s Cross-Border Interbank Payment …
