Investing.com– The People’s Bank of China kept its benchmark loan prime rate (LPR) unchanged on Monday as widely expected, even as Beijing continued to roll out other stimulus measures to support the …
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‘China’ hacks bank details of 250,000 British MOD workers: Beijing blamed as soldiers, veterans and officials are targeted in huge data breach – as President Xi is wined and …
Their names and bank details are amongst the information that has been … campaign of ‘malicious’ cyber attacks in an unprecedented joint operation to reveal Beijing’s espionage. Britain publicly …
Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check …
China Sells Billions in US Debt After New U.S Tariffs Leaving Global Economy Rattled
In a dramatic turn of events, China has begun offloading billions in U.S. debt following the imposition of new tariffs by the Biden administration. This move has sent shockwaves through the global economy,
Dozens of China’s state regulators, bankers, finance bosses in corruption net as crackdown stepped up in new year
Analysts expect more heads to roll as Beijing is determined to stamp out any risks linked to financial corruption and maintain stability. They said graftbusters were going after officials accused of …
China’s Retirement Crisis and Its Impact on Weak Consumption
China’s pension system, once a robust state-supported scheme, has evolved into a three-tiered structure: a state-endorsed public pension, enterprise annuities, and personal pensions. While the public …
Africa keen for more Chinese development finance, despite economically bumpy road towards FOCAC summit
Chinese and African diplomats have started to negotiate the agenda for the Forum on China-Africa Cooperation (FOCAC) taking place in Beijing later this year. Concessional development finance, …
How China’s Retirement Crisis Is Contributing to Weak Consumption
Demographics and a feeble economy are straining both China’s pension system and the family tradition of children caring for aging parents.
China’s battered brokerages energised by Beijing’s consolidation blueprint seeking to foster world-class giants
China aims to have 10 brokerages of high calibre by 2029, nurture two to three firms to global scale by 2035, and make its capital markets globally influential by 2050 An efficient capital market led…
China property: Beijing launches US$41 billion of funds to buy unsold homes, repurchase of ‘idle’ land in drive to rescue housing market
Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
China unveils ‘historic’ rescue for crisis-hit property sector as home prices slump again
The move would help ease financial difficulties of property companies. In China, land is mostly owned by the state. The government can sell the rights to use the land to property developers, which is …
Putin’s Finance Minister Forced to Take the Bus During China Visit: ‘No Space’
Due to a lack of room in Putin’s official motorcade, Russian Finance Minister Anton Siluanov had to take the media bus to a concert in Beijing.
China’s new and second-hand home prices extend slide in April before Beijing’s rescue measures
Another set of weak housing market data for April underscores the urgency among officials in Beijing to stem the crisis and rescue some of the nation’s biggest yet cash-strapped developers.
