Beijing has called for consolidation of China’s indebted and feeble local banks, with the central Henan province announcing its consolidation plans on Sunday.
Tagged By financials
China Aims to Boost Economy by Empowering Low- and Middle-Income Earners
China focuses on empowering low- and middle-income earners to boost economic growth, as the Politburo prioritizes wage increases and consumer spending. These measures are part of efforts to achieve a …
China Market Update: Policy Makers Finally Listen To Chants Of “Jia You”
Asian equities had a strong night led higher by Mainland China, Hong Kong, and Japan while Taiwan underperformed.
PBoC Gold Conduit Revealed – Chinese Central Bank Did Not Stop Buying Gold In May
At the core of the Chinese domestic gold market, which excludes Free Trade Zones, is the Shanghai Gold Exchange, where predominantly 1Kg gold bars are traded.
‘Worst is behind us’ on China property crisis, says HSBC boss
Mr Quinn is to step down in September and be replaced by finance chief Georges Elhedery, who will become the bank’s first Mandarin-speaking chief executive. Mr Quinn said: “The real estate market in …
China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
Law enforcement in the Chinese province of Shaanxi has cracked a crypto fraud scheme, arresting four suspects who defrauded an investor of about $60,000.
Asia markets are mixed as investors assess China business activity data, await Bank of Japan rate decision
The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
China’s trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned, report says
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
China to step up fiscal policy implementation to spur economic recovery: official
Photo/IC] BEIJING – China will intensify the implementation of its fiscal policies to support economic recovery, a finance ministry official said on Wednesday. The country will issue the ultra-long …
Seoul, Beijing mayors discuss restoration of ties between capitals of Korea, China, Japan
Seoul Mayor Oh Se-hoon met with Beijing Mayor Yin Yong and discussed restoring cooperative relations between the capitals of Korea, China and Japan, during his visit to Beijing, Tuesday.
China’s private capital fundraising sinks to record low of US$3.4 billion on poor outlook
China-focused private capital fundraising tumbled to a new … “And we see there’s a good appetite to finance these constructions.” …
China Regional Banks Exposed to Bond Reversal as PBOC Sales Loom
China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the central bank. The …
Mergers and closures loom for China’s 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023. China is in the process of cleaning up its embattled rural financial institutions — a move that will not just lead to the mergers and…
