US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues, in a step that continues the trend set by the two powers last November to …
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China’s admin restructure ripples out to provinces to tighten Communist Party control over data
After central authorities in Beijing made changes at national level last year, establishing provincial structures becomes a top priority.
UPDATE 1-China’s central bank raises number of LPR quotation banks to 20
China’s central bank on Friday said it would add two commercial banks to the pool of banks that contribute to the loan prime rate (LPR), a benchmark lending rate.The adjustments will be implemented …
In US-China rivalry, Beijing advisers urge ‘rational’ approach during election year, but will pragmatism win out?
Xi Jinping lays out plan to make China ‘financial superpower’, warns of risk A report by Tsinghua University published earlier this month also recommended that Beijing avoid reacting to election …
US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data
The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision information. The New York Department of Financial Services, which also …
China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day
Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s …
China, US hold ‘pragmatic’ financial talks at start of 2024
BEIJING: China-US exchanges in financial and economic fields got off to a good start in the new year, with the world’s two largest economies signaling a deepening of engagement in various fields from …
US Treasury Team Meets China Economy Czar, Extending Engagement
Officials from the US Treasury and China’s central bank concluded two days of talks in Beijing on a wide range of international financial issues Friday, with the two sides agreeing to continue to meet …
US Treasury, Chinese finance officials agree to keep meeting after Beijing talks
U.S. officials also indicated that Treasury Secretary Janet Yellen looked forward to a return visit to China at an “appropriate time,” the department said in a statement. The meeting of the Financial …
Exclusive: China orders indebted local governments to halt some infrastructure projects-sources
China’s top leaders said it was necessary to coordinate and resolve the risks emanating from property, local debt and small and midsize financial firms, state media said in December, citing a Central …
China’s ageing population threatens switch to new economic growth model
Beijing’s key policy goals for the coming decade of boosting domestic consumption and reining in debt face a threat.
Bridgewater draws more investors in China, nearly doubles assets
Hedge fund Bridgewater Associates’ China business is set to grow to about 40 billion yuan ($5.56 billion) following a fresh round of fundraising, a source familiar with the matter said, marking a …
Citi Tells Private Bankers Not to Discuss Yuan in Mainland China
Citigroup Inc. told private bankers serving Chinese clients not to discuss the yuan or hedging the currency risk when making trips to the mainland, according to people familiar with the matter, …
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