China’s local government financing vehicles are rushing to buy vast quantities of land with borrowed funds, bailing out cities and provinces struggling for cash after an exodus of debt-stricken …
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Dollar rally sees China’s currency fall through key threshold
The surge in the U.S. dollar continues to reverberate through global financial markets and moved Thursday through an important threshold versus China’s currency. That said, analysts and traders said …
Tech war: record number of Chinese chip firms going out of business in sign of Beijing’s sputtering self-sufficiency drive
As many as 3,470 companies – including entities that use the Chinese word for ‘chip’ in their brands or operations – deregistered between January and August.
NBP stall attracts Chinese financial institutions in Beijing
The National Bank of Pakistan (NBP) booth set up in Shougang Park, at China International Fair for Trade-in-Services 2022, to introduce its services to the Chinese small and medium enterprises (SMEs), …
China Holds Key Rate, Withdraws Liquidity Amid Yuan Defense
China’s central bank drained liquidity from the banking system for a second straight month while leaving rates unchanged as it sought to ease pressure on the yuan from a widening policy divergence …
U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust
An Afghan currency exchange worker stacks banknotes at a market in Kabul, Afghanistan October 7, 2021. REUTERS/Jorge Silva …
China’s Central Bank Keeps Key Policy Rate Unchanged
The People’s Bank of China kept the one-year interest rate of its medium-term lending facility unchanged Thursday, a move that could put benchmark lending rates this month on hold after a cut in …
China’s Payment Duopoly May Struggle to Survive
Alipay and WeChat Pay’s dominance of China’s retail payments was scripted over the past decade on the back of the humble quick recognition code. The same dotted squares could now start to undermine …
China c.bank partially rolls over medium-term policy loan, rate unchanged
China’s central bank partially rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Thursday, matching market expectations. The People’s Bank of China (PBOC) said …
China Braces for a Slowdown That Could be Even Worse Than 2020
Six months after China’s government set ambitious economic targets for the year, growth has slowed so sharply that several major banks don’t even think 3% is achievable anymore.Most Read from …
How China’s Debt Trap Diplomacy will use CBDCs to replace the SWIFT banking system
Thereby establishing the Digital Yuan as the de facto Central Bank Digital Currency (CBDC) currency to the fastest growing economies in the world.
Chinese Investment Bank CICC Plans Large Capital Raise to Bolster Business
The bank’s Hong Kong-listed shares fell to their lowest level in more than two years after it said it wants to raise as much as $3.9 billion from a rights issue.
China’s financial institutions’ assets up 9.7 pct
China’s financial institutions saw expanded balance sheets by the end of the second quarter this year, official data showed Wednesday. The country’s financial institutions saw their combined assets …
