China’s central bank governor has pledged to continue accommodative monetary policies to jolt the economy, but he also doubled down on long-maintained intentions to avoid Western-style quantitative …
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China ups efforts to build Shanghai into strong international financial center
BEIJING — China has intensified moves to develop its Shanghai municipality into a “strong international financial center” as part of the efforts to build up financial strength and promote high-level …
China central bank boss says no major stimulus to boost economy
The country’s recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property crisis and tepid consumer demand weighing on growth.
Bond Trading by China’s PBOC Wouldn’t Be Quantitative Easing, Gov. Says
The People’s Bank of China and the finance ministry are studying ways to include treasury bond trading in its policy tool kit, said PBOC governor Pan Gongsheng in a finance forum on Wednesday. He …
China Studying Implementation of PBOC Bond Trading, Pan Says
(Bloomberg) — China’s central bank chief said it is studying how to implement government bond trading with the finance ministry, while rejecting the idea the practice would equate to quantitative …
Russia’s biggest private lender is expanding to China after being hit by US sanctions
Russia’s largest private lender, Alfa Bank PJSC, is planning to expand its business in China. Alfa Bank, owned by the sanctioned Russian oligarch Mikhail Fridman, is now applying to build offices in …
Industry association rolls out proposal to cut bank card payment fees, facilitating payments for foreigners in China
China’s payment industry group, Payment & Clearing Association of China (PCAC), issued a proposal on Tuesday calling for cuts to bank card payment fees across the country in order to improve the …
China Should Break QE Taboo, Widen Deficit, Ex-PBOC Adviser Says
China should shake off its “taboo” regarding quantitative easing — the once-unorthodox central bank policy of buying government bonds — and recognize that it may be necessary in the interest of …
Xi’s claim that the US is trying to trick China into invading Taiwan is meant to divide the US and its allies: experts
Xi Jinping telling a European leader that the US was trying to trick China into invading Taiwan was aimed at dividing the West, experts told BI.
Beijing Capital sells hazardous waste firm for S$605 million
Beijing Capital Eco-Environment Protection Group has agreed to sell Singapore’s ECO Industrial Environmental Engineering to French industrial group Séché Environnement for S$605 million (US$450 …
Former House Speaker Advocates for Stablecoins to Bolster U.S. Financial Strength Against China
Paul Ryan, the former Speaker of the U.S. House of Representatives, has argued that dollar-pegged stablecoins could be a vital tool for addressing the looming U.S. debt crisis and maintaining the …
FirstFT: Beijing to investigate claim that EU is dumping pork in China
But we start with Beijing’s anti-dumping investigation into EU pork imports. The probe, announced yesterday, escalates trade tensions less than a week after Brussels said it would impose tariffs on …
China’s Xi accused the US of trying to trick him into invading Taiwan, but said he won’t take the bait, report says
Xi Jinping told an EU leader that the US was trying to trick China into invading Taiwan, per the Financial Times, amid increasing tensions.
