(ECNS) — The State Council Information Office held a 15th-Five-Year-Plan-related press conference on Thursday, outlining measures to strengthen regulation, prevent risks and promote high-quality …
Tagged By finance
UBS closes China fund sales unit as domestic competition proves too much
By Samuel Shen and Selena Li SHANGHAI/HONG KONG, Sept 10 (Reuters) – UBS will shut its Chinese fund sales unit after struggling to attract investors in a market already overcrowded with deep-pocketed …
China central bank’s August gold purchase was its biggest month since 2023
The People’s Bank of China made its largest monthly purchase of gold since October 2023, adding 20.2 metric tons of gold to its reserves in August for its 22nd consecutive monthly increase.
China Merchants Bank Wins CNCF End User Case Study Contest for Unifying AI Training and Inference on Kubernetes
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, today announced China Merchants Bank, one of China’s leading commercial banks, as the winner of the CNCF End User Case Study…
China’s zero-tariff treatment, enhanced RMB settlement to boost Africa-China trade: S. African banking executive
China’s zero-tariff treatment is helping African businesses lower export costs, while growing renminbi (RMB) settlement capacity is further facilitating trade between Africa and China, a South African banking executive said Wednesday.
China pumps $53.6bn into state banks and insurers
By IntelliNews – Jakarta Bureau China is pumping CNY360bn ($53.6bn) into eight state-owned financial institutions to strengthen the nation’s banking sector and stimulate slowing economic growth, state …
China’s government pumps $54B into banks, insurers amid slow growth
China on Monday poured $54 billion to eight state-owned banks and insurance companies as it sought to boost growth amid a slowing economy.
Ping An AI platform earns Hang Seng ESG upgrade: China data laws still apply
Ping An ESG rating climbs to A+ in Hang Seng’s 2026 sustainability assessment, adding China’s largest insurer to seven indexes and triggering mandatory buying by passive funds — but the governance …
China’s Finance Ministry to Inject USD45 Billion Into Eight Central State-Owned Financial Firms
(Yicai) Sept. 7 — Eight central state-owned financial enterprises will increase their capital by a total of CNY360 billion (USD53.6 billion), with the Ministry of Finance set to contribute CNY300 billion, to supplement their core…
China targets financial stability with $54 billion state insurer capital boost
China’s Ministry of Finance will spearhead a combined $54 billion capital injection into state-owned insurers, with the move aimed at strengthening capital across the country’s financial system. The …
Beijing to inject $45 billion into banks and insurers
China’s growth target is already its lowest since 1991, and the economic picture is darkened further by a real estate downturn.
China’s Capital Surge Bolsters Big Finance
Beijing has moved to reinforce the backbone of China’s financial system with a sweeping capital package for banks, insurers and a policy lender, signaling confidence in the economy’s …
China injects over €45 billion into state banks and insurers as growth slows
China’s finance ministry is leading a combined 360 billion yuan (€46.1bn) capital injection into eight state-owned banks and insurers, a coordinated effort to strengthen balance sheets strained by …
