BEIJING (Reuters) -Former vice-president at the Bank of China, Lin Jingzhen, is under investigation over a suspected violation of law and discipline, state television CCTV reported on Tuesday.
Tagged By financials
CGTN: China calls on BRICS countries to jointly defend multilateralism
CGTN published an article highlighting China’s call for BRICS countries to defend multilateralism. It outlines President Xi Jinping’s proposals on multilateralism, openness and cooperation at the …
China’s Concrete Empire in South America
Beijing is gradually linking South America together with its massive investments in infrastructure—right under Washington’s nose.
Russia’s Rosatom says planning to sell renminbi bonds in China
Confirmation of nuclear monopoly’s plans come as Beijing opens way for first Russian ‘panda bond’ sales since 2017 …
China Launches Corruption Probe Into Former Securities Regulator
Yi Huiman, who once headed the China Securities Regulatory Commission and the world’s largest bank, faces investigation for “serious violations of discipline and law.” …
‘And India gets hit with US sanctions’: Top economist calls out irony as China reopens bonds for Russia
According to the Financial Times, Beijing is preparing to let Russian companies issue renminbi-denominated “panda bonds” in its mainland market for the first time since 2017.
China’s rate-cut outlook in doubt as stock rally stirs concern
BEIJING] Angst inside China’s halls of power over a massive stock rally risks delaying another major round of monetary stimulus, pushing the central bank further to the sidelines as Beijing tries to …
Stablecoins may be next battleground in US-China rivalry
Stablecoins could present the next battleground in the US-China rivalry. Beijing appears to be using Hong Kong as a testing ground for cryptocurrencies pegged 1:1 to fiat currencies with new …
China’s Central Bank Extends Gold Buying Spree to 10 Months
The People’s Bank of China increased its gold holdings in August for a 10th month, in a continued push to diversify its reserves away from US dollars.
China paves way for renminbi fundraising by Russian energy giants
An increasing number of important Russian energy firms have secured Chinese credit ratings. They include Atomenergoprom JSC, an affiliate of Rosatom; top LNG supplier Novatek, whose recently …
China’s Forex Reserves Rise in August
China’s Forex Reserves Rise in August …
The SCO summit and the quest for economic justice in a multipolar world
The recent summit of the Shanghai Cooperation Organization (SCO) in Beijing, often portrayed in headlines through images of missiles and military parades, …
China’s financial anti-corruption drive will boost confidence in the long term: analyst
Challenge lies in how the campaign can create real deterrence, rather than drive the corruption ‘deeper underground’, observer says.
