China Construction Bank, one of the country’s largest state-owned commercial banks, said it had issued 295.5 billion yuan (about 41.2 billion U.S. dollars) of loans to support the country’s …
Tagged By finance
CGTN: China pledges practical support for developing countries at global financing summit
China would continue to take practical steps to support its fellow developing countries, Chinese Premier Li Qiang said on Friday at the closing ceremony of the Summit for a New Global Financing Pact …
China’s green finance development in the fast lane
Green finance aims to finance the development of sustainable industries as well as the low-carbon transformation of traditional ones. At the 14th Lujiazui Forum held in Shanghai, Yi Gang, governor of …
China’s Biggest EV Push Yet: A $72 Billion Package To Supercharge Demand
Vice Minister of Finance Xu Hongcai stated in a press briefing that cumulative NEV tax breaks amounted to more than 200 billion yuan ($27.8B) as of 2022. The 520 billion yuan package is the biggest…
Beijing is on the prowl for anyone bearing bad news overseas
Risk consultants are just latest target of information crackdown …
Economic Watch: China’s green finance development in the fast lane
China has seen the development of green finance enter the fast lane playing a vital role in the country long-term pursuit of low-c …
Morgan Stanley says A.I. in China is at an inflection point — and names 3 stocks to play it
China’s artificial intelligence evolution is at an “inflection point” — and the country is catching up with the U.S., according to Morgan Stanley. In fact, the bank estimates there’s a $7.4 trillion …
One Year After a Landmark Green Finance Policy, Can Chinese Banks Go Green?
Chinese banks have been the last resort of projects too toxic for other lenders to touch. Can the Green Finance Guidelines force a change?
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say
Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans, the French government announced Thursday on the sidelines of a global finance summit in …
China imposes limits on Russian banks
The recent visit of US Secretary of State Anthony Blinken to China and the Bank of China’s subsequent decision to restrict Russian bank clients’ transactions involving banks located in the EU, the …
An impasse over finance between rich and poor that threatens the planet
The New Development Bank, which Beijing set up with fellow “Brics” countries Brazil … Last week another Chinese-led development finance lender, the Asian Infrastructure Investment Bank, which has …
Critical to get China around the table at Paris Finance Summit, Open Society president says
Brown, the President of the Open Society Foundations, says it is “absolutely critical” to get China around the table at the Paris Finance Summit.
UPDATE 1-Beijing breaches 40 degrees Celsius for first time in 9 years
BEIJING, June 22 (Reuters) – The temperature in Beijing soared above 40 degrees Celsius on Thursday for the first time since 2014 as the Chinese capital warned of blistering hot weather through the …
