Shanghai is referred to as a financial hub because it has the stock market, the banks, the asset-management firms — and because it’s a place where people want to be and be seen. But on…
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Beijing to enhance intensity of fiscal policy
BEIJING: China will enhance the intensity and effectiveness of its proactive fiscal policy this year and further improve fiscal and tax measures, Liu Kun, minister of finance, said at the China …
China’s central bank conducts 278 bln yuan of reverse repos
BEIJING, March 28 (Xinhua) — China’s central bank continued to inject funds into the financial system through open market operations on Tuesday. The People’s Bank of China said on its website that it …
Bullish Wall Street forecasts unheeded as China investors shun onshore stock risks, bide time on recovery: Goldman Sachs
via financial contagion. Global institutional investors in Hong Kong now lack interests in China, said Wang Qi, co-founder and CEO of MegaTrust Investment in Hong Kong. “The sustainability of any …
After Doling Out Huge Loans, China Is Now Bailing Out Countries
China has been helping countries that have either geopolitical … the research director for international finance and macroeconomics at the Kiel Institute for the World Economy in Germany and an …
China extends, improves tax relief policies for businesses
For self-employed individuals under the same condition, their corresponding individual income tax payments will be halved. For land used by logistics companies for bulk commodity storage, the land-use …
54 FDI proposals with investor/beneficial owner from China, Hong Kong pending for decision
Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that 54 FDI proposals with investor/beneficial owner from China and Hong Kong are pending for decision with the government …
The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
The latest bank crisis is opening doors for China to raise its standing in the world, according to Yale economist Stephen Roach. He pointed to recent turmoil rocking the US banking sector, starting …
Bank failures have ‘increased’ threats to global financial stability, IMF says
China’s reopening was a leading reason behind the IMF’s improved economic growth forecast in January, but despite potential tailwinds to the global economy this year, the banking crisis has …
China Official Says Debt Fix Slowed by Global Development Banks
Chinese creditors are more hesitant to participate in sovereign debt restructuring because multilateral development banks are not offering debt relief, a senior official at China’s central bank said.
After fining Deloitte £25m, China vows to discipline the Big Four
After meeting with Deloitte’s global chair Sharon Thorne, China’s Ministry of Finance (MoF) outlined plans yesterday to “strengthen” its supervision of the country’s audit sector by “strictly” …
PBOC official: China banks concerned about credit ratings in debt overhauls
Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in sovereign debt restructurings, a People’s Bank of China official said on Monday.China has …
China issues preferential tax policy for small firms, household businesses
China’s finance ministry on Monday issued preferential tax policy for some small firms and household businesses, as part of steps to support the economic recovery.