China should not rush to use the digital yuan for cross-border payments due to regulatory obstacles and foreign concerns about it’s global impact, Zhou Xiaochuan, the country’s former central bank …
Tagged By financials
China shares rise on boost from healthcare, banking stocks
China shares rose on Wednesday with healthcare and banking stocks leading the gains, as investors cheered upbeat quarterly earnings results. BEIJING/SHANGHAI, April 21 (Reuters) – China shares rose on …
China’s Shadow-Financing Sector: Policy Focus Shifting Toward Financial Stability
The continued regulatory reform in China’s ‘shadow financing’ system supports the development of a healthier financial system that includes reliable alternativ …
Experts react to China’s explosive quarterly growth: media
China’s economy expanded 18.3 percent in the first three months of 2021, its fastest year-on-year rate for any quarter on record, the Financial Times reported on April 16, highlighting the strength of …
China central banker urges three-pronged approach to green finance
Yi Gang, governor of the People’s Bank of China (PBoC), has outlined key steps to meet bold climate ambitions.
China Huarong Is a Test for Beijing’s Financial Reform Drive
China has been trying to get its SOEs to slim down. Although this is mostly a domestic affair, once in a while, its reform agenda can clash directly with foreigners’ interests. China Huarong Asset …
Goldman Sachs Appoints New Co-Head of China Investment Banking
Goldman Sachs Group has named Sean Fan as its new co-head for investment banking in China.
China to require financial institutions to move towards green finance – c.bank gov
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals, central bank governor Yi Gang told the Boao …
How a sweeping US infrastructure plan might spur financial havoc in China
Economists debate whether a proposed US$2 trillion infrastructure programme would cause American inflation that could be exported overseas.
China to require financial institutions to move towards green finance – central bank gov
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals, central bank governor Yi Gang told the Boao …
China to Require Financial Institutions to Move Towards Green Finance – Central Bank Governor
There are still some problems in China’s green finance development and the central bank will require financial institutions to make transitions towards green finance, central bank governor Yi Gang …
China leads the world with new state-backed digital currency
In a push to dominate global financial technology, the Chinese government is aiming to roll out the world’s first state-backed digital currency.Why it matters: China’s new currency could set global …
China’s Netzero Goal Poses Threat to Finance Sector, Ex-PBOC Adviser Says
China’s pledge to become carbon neutral by 2060 poses an existential threat to polluters that could have ramifications for the financial sector, a former central bank adviser said.
