China will further improve its financial transfer payment system, according to a report from the State Council. This was reported by The Xinhua News Agency. The report on the country’s transfer …
Tagged By finance
ExplainerChina’s financial-crisis defusing tools see biggest test in a quarter century
China has long been proud of its ability to avoid financial upheaval like that seen in the US over the past three decades, as staving off such confidence-crippling crises is one of Beijing’s prime …
China’s financial-crisis defusing tools see biggest test in a quarter century
From intentionally setting up ‘bad banks’ in the ’90s to more recent bank takeovers, Beijing has a deep bag of policy tools to make economic repairs Defusing debt crises often comes with long-term …
Bank of China: Retail Platforms Must Support China’s Digital Yuan
The director of the People’s Bank of China’s Digital Currency Research Institute emphasized the importance of wallet providers enabling digital yuan payments in all retail scenarios.
China’s digital yuan head urges unification of Alipay, WeChat Pay QR codes as PBOC pushes e-CNY adoption
The digital yuan should eventually be a payment option across ‘all retail scenarios’, said Mu Changchun While pilot trials of e-CNY started in 2019, convincing Chinese consumers to use the digital …
China extends VAT refund policy for firms procuring Chinese equipment until 2027
China’s finance ministry announced on Monday that it will extend a value-added tax refund policy aimed at encouraging domestic and foreign research institutions to purchase Chinese-made equipment …
Falling Prices in China Could Be a Boon For the U.S.: Kiplinger Economic Forecasts
Falling prices in China are good for countries dealing with elevated inflation, most notably the U.S., India, Germany and the Netherlands. In places where inflation is already low — Hong Kong, Japan, …
Is China Following Japan’s Economic Trajectory?
Basically, growth in China halved between the 2000s and the 2010s, and is halving again in the 2020s to about 2-3 percent per year. The government could make such growth a positive experience or a…
Hong Kong has not ruled out lowering stamp duty on securities trading, finance chief says after earlier warning move could backfire
Financial Secretary Paul Chan also stresses ‘multiple efforts’ needed to improve competitiveness of city’s bourse Chan’s comments came a day after he warned piecemeal stimulus measures could risk …
G20 – China’s obstructionist approach
In recent months, China has opposed many Indian proposals within the G20. This opposition, along with China’s refusal to attend the G20 Leaders’ Summit hosted by India, highlights growing tensions and …
China dominates the clean energy market
China has emerged as the world leader in renewable energy … This is about half of the clean energy revenue of Shanghai Composite Index companies. Bloomberg New Energy Finance estimates that more …
Bank of China: Digital yuan payment option must be offered in retail scenarios
According to the official, Chinese CBDC has “undergone a major upgrade” in terms of its “organizational forms” and business model …
China’s central bank conducts 12-bln-yuan reverse repos
BEIJING, Sept. 4 (Xinhua) — China’s central bank conducted 12 billion yuan (about 1.67 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday. The move aims to …
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