Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World …
Tagged By finance
China to extend VAT credit refunds to more sectors
China will extend value-added tax (VAT) credit refunds to more sectors, in the country’s latest efforts to help enterprises navigate difficulties and stabilize the economy, according to an official …
China to Sell $3.46 Billion of Treasury Bonds in Hong Kong
China’s Ministry of Finance unveiled a plan Monday to sell 23 billion yuan ($3.46 billion) of yuan-denominated treasury bonds in Hong Kong this year. The bonds will be issued in four batches, with the …
China readies massive bank bailout fund as slowdown looms
China is expanding its safety net for the financial sector with a new rescue fund that could run into the tens of billions of dollars, as a cooling domestic economy and tightening monetary policy …
China has the world’s largest foreign exchange reserves — and it just grew for the first time in 2022 as the US dollar strengthens
“The current external environment is still complex and severe… and the international financial market is still subject to great uncertainty.” …
China’s ‘economic momentum’ fuelling June’s GDP growth, skewing quarterly estimates
As China’s tier-one cities reopen following coronavirus lockdowns, state media says June looks to be a ‘key window’ for bolstering economic-recovery efforts and ensuring future resilience.
China’s FX reserve rises in May after a four-month decline, stability unchanged: official
director of the Finance and Securities Institute of the Wuhan University of Science and Technology, told the Global Times on Tuesday. Dong suggested that China should speed up the adjustment of its …
How China’s fiscal strength pushes ahead carbon goals
(Xinhua) BEIJING, June 7 (Xinhua) — China has aligned its fiscal strength with pro-ecology and low-carbon efforts to fast-track the pursuit of its carbon goals. A recent guideline issued by the …
Global stocks rise as Beijing eases Covid restrictions
Chinese state media on Sunday announced that public transport and restaurant dining would reopen in Beijing, sparking hopes of an end … just under $1.07 ahead of this week’s European Central Bank …
What Can the Newly Approved ETF Connect Between Mainland China and Hong Kong Bring to Foreign Investors?
The ETF Connect program between the Chinese Mainland with Hong Kong to attract more capital into the region and reignite interest in the RMB.
China’s 30/60 goals: Beijing unveils ‘transition bonds’ for eight dirty industries, to meet carbon reduction targets
A new type of financing will enable eight ‘dirty industries’ to access capital market funding to help transition their businesses with decarbonisation efforts …
Return of Dine-In Services in Beijing to Supercharge Food Demand
As Beijing relaxes Covid curbs and allows indoor dining again, restaurants are betting that customers will be back in droves, boosting demand for everything from meat to cooking oils.Most Read from Bl …
Exclusive-Citigroup to Hire 3,000 in Asia Institutional Banking Business in Growth Push -Asia CEO
Citigroup Inc plans to hire around 3,000 new staff for its institutional business in Asia in the next couple of years, sharpening its focus in a fast-growing region where it has exited consumer …
