Local media outlets in China reported that visitors from Hong Kong had shown little interest in digital yuan (e-CNY) hard wallet dispensers installed by Shenzen city authorities last month. According …
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China’s Covid stimulus misses the mark as pressure on local government finance grows, report says
Last year, the central government cut taxes and deferred tax payments for businesses to the tune of 4.2 trillion yuan (US$607.8 billion), says finance minister Liu Kun But instead of supporting …
China’s Reopening Set to Help EMFX Get Back on Track: Reuters Poll
China’s reopening is set to boost emerging market currencies against the U.S. dollar over the next six months, primarily for those that export commodities to the world’s second-largest economy, a …
China warns ‘hedonistic’ bankers to toe the line
Bankers in China are being told to rectify their mindsets, clean up their “hedonistic” lifestyles and stop copying Western ways.
Bank of America loves this under-the-radar streaming stock out of China, sees 30% gain
With its in-house content strategy, iQIYI is differentiating itself from peers such as Tencent Video and Youku Video, the firm said.
US nominee to head World Bank, Ajay Banga, to visit China, other countries
US President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to meet with government officials in Europe, Asia, Africa and potentially Latin …
Bank of China to expand cross-border use of yuan to promote trade
Bank of China said it will continue to expand the coverage of cross-border yuan settlement services, and that it aims to provide no less than 30 trillion yuan ($4.34 trillion) of settlement for …
China Development Bank issues $2.16 billion green bonds
The issue is to protect Yangtze River projects China Development Bank issues $2.16 billion green bonds carbon emissions, China, China Development Bank, Green bonds, Green finance Bonds …
China urges global lenders’ involvement in developing nations’ debt
Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries.
China says its official bilateral loans are less than 5% of Ghana debt
China’s official bilateral loans involving Ghana account for less than 5% of the West African country’s total debt, the Chinese foreign ministry said on Thursday.
UPDATE 1-China finance minister expects better local gov’t fiscal situation in 2023
China’s local government fiscal situation is likely to improve as the economy rebounds this year, though debt risk for some authorities is high and repayment pressure is large, Minister of Finance Liu …
China CITIC Bank Credit Card Center partners with Ascenda to grow payments business
Ascenda, the global rewards infrastructure company, and China CITIC Bank Credit Card Center have launched the next generation of the China CITIC Bank Point Program to accelerate premium customer …
China Leaders Surprised by Pace of Economy’s Rebound
Elon Found His Next Shiny Object.How to Get a Free Flight to Hong Kong in 500,000 Airline Ticket GiveawayWorld’s Rich Take Advantage as $1 Trillion Property Market CratersLightfoot Is First Chicago …