China’s services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, a private-sector survey showed on Monday.
Tagged By financials
Beijing’s quiet challenge to US influence in Latin America
Beijing is openly encouraging reduced reliance on the dollar in regional trade. Currency swap agreements, local-currency settlements, and deeper cooperation among central banks are no longer …
In the new world order, market power trumps military might. Can China compete?
China needs to adapt to a more competitive global environment driven by market power, technological innovation and institutional leverage, according to analysts at a leading Beijing-based think tank.
China CITIC Financial Asset Management updates audit committee terms of reference
The latest announcement is out from China Huarong Asset Management Co., Ltd. Class H ( ($HK:2799) ). China CITIC Financial Asset Management Co., …
China’s property woes could last until 2030
Vanke, a state-backed property giant, is teetering on the edge of default. New home sales by floor space have fallen by half since their peak in 2021. Fresh residential construction is down by nearly …
China allocates initial $8.9 billion for consumer goods trade-in scheme in 2026
China is allocating 62.5 billion yuan ($8.94 billion) from ultra-long special treasury bond funds initially this year for its scheme that offers consumers subsidies to replace domestic appliances, …
China lets banks pay interest on digital yuan wallets from January 2026
The PBOC is seeking to add interest payments to e-CNY holders, to expand the national use of the digital yuan, while the US has banned the creation of a CBDC due to financial stability risks.
China to offer interest on digital yuan holdings starting January 2026
China will begin paying interest on digital yuan holdings as part of a policy change aimed at integrating e-CNY into the banking system.
Beijing’s Point Person for Finance in Hong Kong to Leave Post
China’s top financial envoy in Hong Kong is set to leave after just over a year in the role, concluding a tenure closely watched by the sector, according to people familiar with the matter.
China’s Central Bank to Launch New Digital Yuan Management Framework from January 1
Chinas central bank is preparing to strengthen oversight of its digital currency with the release of a new action plan focused on digital yuan management, signaling another major step in the evolution …
Consumer demand and public services top China’s financial priorities for 2026
China will expand government spending to spur consumer demand and shore up investment in public services to strengthen the economy next year, the country’s financial authorities said on Sunday. The …
China’s LandSpace gears up to take on Elon Musk and SpaceX
LandSpace’s focus on giving China its own low-cost launch option similar to SpaceX’s flight-proven reusable rocket Falcon 9 will play a key role in Beijing’s plans to build up 10,000 satellite …
China Minsheng Bank tightens governance with new audit committee charter
China Minsheng Banking ( ($HK:1988) ) just unveiled an announcement. China Minsheng Banking Corp., Ltd. has formalized detailed terms of reference …
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