From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
Tagged By financials
China’s Zou Jiayi, a former finance official, elected AIIB president
Former vice-minister of finance will begin her term in January, as the development bank faces a challenging environment for multilateralism.
China expands its ¥175 trillion payment system in Central Asia
China is expanding the geographical coverage of its yuan-based international payment system, adding banks in Central Asia and other regions. The growing reach …
China’s former Vice Finance Minister Zou Jiayi is AIIB’s new President
China’s former Vice Finance Minister Zou Jiayi was on Tuesday named as the next president of the Asian Infrastructure Investment Bank (AIIB) here. The AIIB B …
China’s AIIB elects former anti-corruption official as new president
Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors. View on euronews …
China issues guidelines on financial support to boost consumer spending
The People’s Bank of China and five other departments released guidelines aimed at strengthening financial support for consumption on Tuesday, taking a pragmatic, coordinated step toward expanding …
China Issues Guidelines on Financial Support for Boosting Consumption
BEIJING (Reuters) -China on Wednesday released guidelines aimed at using financial tools to boost consumption, with pledges to support employment and raise household incomes as part of broader efforts …
China’s Zou Jiayi named next AIIB president
China’s finance ministry said on Tuesday the next president of the Asian Infrastructure Investment Bank would be Zou Jiayi, a former Chinese vice finance minister who is expected to lead efforts to …
‘Tiger-fighter’ takes helm at China-backed development bank
Zou, who has been referred to as a “tiger-fighting lady general” in Chinese state media, rose to prominence on the standing committee of China’s Central Commission for Discipline Inspection, the CCP’s …
Kenyan Officials Quietly Fly to China for Ksh359 Billion Loan
Officials from the National Treasury of Kenya are currently in China to finalise a Ksh358 billion loan. Financial Afrik reports that Kenya is in advanced negotiations with China to raise Ksh358 …
China Is More Than Ready for US Stablecoins
E-commerce prowess and Hong Kong’s financial chops can ward off the threat from digital dollars.
China’s auto dealers urge automakers to pay cashbacks within 30 days
BEIJING (Reuters) -Chinese auto dealers on Monday urged automakers to pay cashback incentives within 30 days to help to alleviate their financial pressures. The China Auto Dealers Chamber of Commerce …
Kremlin unable to come up with funds to develop rail link with China
The rail monopoly Russian Railways is postponing a US$10 billion project that was intended to boost exports of raw materials to Russia’s largest trading partner, China. Source: The Moscow Times …
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