China’s central bank has approved Tencent Holdings’ online payment platform Tenpay boosting its registered capital to 15.3 billion yuan ($2.13 billion), according to a central bank statement on Friday …
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China c.bank approves Tencent’s Tenpay capital boost
China’s central bank has approved Tencent Holdings’ online payment platform Tenpay boosting its registered capital to 15.3 billion yuan ($2.13 billion), according to a central bank statement on Friday …
Is China’s state-led industrial policy on a perilous path? Some Beijing advisers warn of ‘detrimental’ implications
Injecting funds into strategic industries such as alternative energy has given China a massive leg up on the international competition, but domestic experts say cracks may be showing.
China Feb new bank loans dip more than expected, lending growth at record low
New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary …
China Signals Liquidity Party Has Limits With Eye Toward Growth
China offered a surprise reminder to bankers swimming in a pool of cash for months now that its liquidity boost is aimed at rejuvenating the economy, not helping support financial speculation.
China’s new budget book reveals fiscal priorities for 2024
BEIJING – China’s central and local budgets for 2024 approved by the country’s top legislature were released on Wednesday, detailing a series of measures and policy instruments to ramp up economic …
China central bank leaves key policy rate unchanged, as expected
China’s central bank on Friday left a key policy rate unchanged as expected when rolling over maturing medium-term loans.The People’s Bank of China (PBOC) said it was keeping the rate on 387 billion …
China’s Fiscal Stimulus Plan May Be Bigger Than It Appeared
China’s leadership underwhelmed investors with a seemingly restrained 2024 budget plan. But a closer look beyond the headline numbers suggests the package could pack a bigger punch than initially …
Mnuchin to put together TikTok bidding group: ‘There’s no way that the Chinese would ever let a U.S. company own something like this in China’
Former U.S. Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video …
Beijing Joins Washington In The De-Coupling Effort
If Washington began the process of de-coupling from China, Beijing seems to have decided to join the effort by pushing American technology out of the country.
China probes exposure of HK units of banks, insurers to local government debt, sources say
HONG KONG (Reuters) – China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with …
China’s economic bright spots provide a warning
Instead of developing a new path to prosperity, China’s optimistic city is riding on the coat-tails of the country’s geopolitical rivals. For more expert analysis of the biggest stories in economics, …
China’s Sichuan Trust unravels
CHENGDU, China — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry…
