China is allocating 62.5 billion yuan ($8.94 billion) from ultra-long special treasury bond funds initially this year for its scheme that offers consumers subsidies to replace domestic appliances, …
Tagged By finance
China lets banks pay interest on digital yuan wallets from January 2026
The PBOC is seeking to add interest payments to e-CNY holders, to expand the national use of the digital yuan, while the US has banned the creation of a CBDC due to financial stability risks.
China to offer interest on digital yuan holdings starting January 2026
China will begin paying interest on digital yuan holdings as part of a policy change aimed at integrating e-CNY into the banking system.
Beijing’s Point Person for Finance in Hong Kong to Leave Post
China’s top financial envoy in Hong Kong is set to leave after just over a year in the role, concluding a tenure closely watched by the sector, according to people familiar with the matter.
China’s Central Bank to Launch New Digital Yuan Management Framework from January 1
Chinas central bank is preparing to strengthen oversight of its digital currency with the release of a new action plan focused on digital yuan management, signaling another major step in the evolution …
Consumer demand and public services top China’s financial priorities for 2026
China will expand government spending to spur consumer demand and shore up investment in public services to strengthen the economy next year, the country’s financial authorities said on Sunday. The …
China’s LandSpace gears up to take on Elon Musk and SpaceX
LandSpace’s focus on giving China its own low-cost launch option similar to SpaceX’s flight-proven reusable rocket Falcon 9 will play a key role in Beijing’s plans to build up 10,000 satellite …
China Minsheng Bank tightens governance with new audit committee charter
China Minsheng Banking ( ($HK:1988) ) just unveiled an announcement. China Minsheng Banking Corp., Ltd. has formalized detailed terms of reference …
China Minsheng Banking announces board resignation and new non-executive director nomination
China Minsheng Banking ( ($HK:1988) ) has shared an announcement. China Minsheng Banking Corp., Ltd. has announced that non-executive director …
Bell Rings, Drums Roll – 2026 Beijing New Year Countdown Event to Welcome the New Year Across the City
As the world approaches 2026, Beijing will host a citywide celebration rooted in ancient ritual music while reflecting modern vitality. On the evening of December 31, 2025, the Beijing New Year …
China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’
The People’s Bank of China said while it will maintain the exchange rate’s flexibility, it will strengthen efforts to guide expectations and guard against “overshooting risks” for the currency, …
China allocates $634 million in relief funds to support people in need
China’s finance and emergency management ministries recently allocated 4.44 billion yuan ($633.65 million) to support people in need, including those living in disaster-stricken areas, a finance …
China Signals Goal of Slow Yuan Gain Via Fix Well Below Estimate
China set the yuan’s daily reference rate at a level that was below market estimates by a record margin, in the latest sign of policymakers’ intention to slow the currency’s appreciation.
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