BEIJING, Dec. 24 (Xinhua) — China Minsheng Bank saw the balance of its inclusive loans to small businesses exceed 700 billion yuan (98.59 billion U.S. dollars) at the end of September. Since 2008, …
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Kenya pins rail hopes on PPP funding from China firms for belt and road project
We cannot borrow any more’ says Kenyan leader William Ruto, as he seeks to get strategically important railway back on track.
China’s banking institution risks generally under control: central bank
BEIJING, Dec. 22 (Xinhua) — Banking institutions in China have maintained sound operations with risks generally under control in the second quarter of this year, according to a central bank report …
From Bricks To Banks: China’s Real Estate Nightmare Sends Shockwaves Through Banking
Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation’s banking sector. The crisis began with Chinese real estate developer …
China’s Central Bank addresses crypto regulation in new financial stability report
In a groundbreaking move, the People’s Bank of China (PBoC) has included a dedicated section on cryptocurrency assets in its latest financial stability report. The report marks the first instance …
China’s Central Bank Prioritizes ‘Crypto Asset’ Regulation Amid Rising Risks
China’s central bank increases its focus on crypto assets amid global risks, emphasizing international cooperation and regulatory overhaul.
China central bank urges the world to jointly regulate crypto
The People’s Bank of China has addressed issues related to regulation of cryptocurrencies and decentralized finance (DeFi) in its latest financial stability report. The People’s Bank of China (PBoC) …
China to ‘appropriately’ strengthen proactive fiscal policy in 2024: minister
BEIJING — China will continue to implement its proactive fiscal policy by “appropriately” strengthening it to improve its effectiveness in 2024, according to Minister of Finance Lan Fo’an. The …
Global financial institutions double down investment in China as nation aims for becoming a financial powerhouse
In 2023, the high-quality development of China’s financial sector achieved notable progress. Many foreign financial institutions have doubled down their investment in China amid the country’s …
Shares in Tencent and NetEase plunge after Beijing surprises investors with new spending limits for video game players
Qilai Shen—Bloomberg via Getty Images China’s video gaming industry thought it had made it through Beijing’s government crackdown. Regulators have taken a more friendly approach to the industry over …
China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability
Lower deposit rates should help alleviate pressures on banks’ margins and lay the groundwork for the People’s Bank of China to cut its policy lending rates in January, Nomura analysts say The average …
China central bank: will optimize central, local governments’ debt structure
China’s central bank will optimize the debt structure between the central government and local governments, it said in its 2023 Financial Stability Report on Friday. China will meet the reasonable …
China will implement proactive fiscal policy in 2024: finance ministry
China will implement proactive fiscal policy next year and step up efforts to resolve existing hidden debt, according to a Friday statement of the national fiscal work conference for 2024, held in …
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