BEIJING, Nov 27 (Reuters) – China’s central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand. In its quarterly…
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Uganda to borrow $150 mln from China’s Exim after World Bank halts funding
Uganda is preparing to borrow $150 million from China’s Export Import Bank (Exim) to help expand its internet infrastructure, the finance ministry on Monday.
China’s economic salvation lies in a ‘consumer-based society’ with market rules that don’t rattle investors: Beijing adviser
From domestic players to foreign firms, a ‘lack of consistent rules’ governing China’s market is holding back its potential, warns prominent economist Zheng Yongnian Countering an unprecedented …
China’s central bank pledges to support domestic demand
China’s central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand.In its quarterly policy implementation report,
China CBDC progress ‘on track’ with finale ‘not very far away’, says PBOC’s former governor
The conference comes off the back of the HKMA’s three-day Global Financial Leaders’ Investment Summit, which was attended by nearly 300 top global banking and finance executives and scores of central …
China’s central bank sets economy guidelines, local debt risks
China’s central bank on Monday said it will fend off systemic risks to the economy and guide financial institutions to resolve local debt risks, laying out general guidelines for the country’s …
Beijing police investigate major Chinese shadow bank Zhongzhi after it says it’s insolvent
Police are investigating a Chinese wealth management company owned by Zhongzhi Enterprise Group days after the firm told investors it was insolvent …
China Scrambles to Contain a Looming Shadow-Bank Meltdown
Chinese authorities are taking more forceful action to contain the growing financial troubles of one of the country’s biggest shadow lenders.
Global bank ranking removes Unicredit and moves up UBS, China banks
The Financial Stability Board (FSB) on Monday removed Italy’s UniCredit from the list of global systemically important banks and moved three banks, including Switzerland’s UBS, up a bucket. The G20’s …
Police Make Arrests at a Giant Shadow-Banking Firm in China
China’s Zhongzhi Enterprise Group has a $31 billion hole in its balance sheet and has missed a series of payments to investors. It gets worse: The company has disclosed that “criminal coe …
Beijing police investigates major Chinese shadow bank Zhongzhi over suspected crimes
Police are investigating a Chinese wealth management company owned by Zhongzhi Enterprise Group days after the firm told investors it was insolvent …
China’s Data Trading Market Size Reached USD12.3 Billion Last Year, Report Shows
(Yicai) Nov. 27 — China’s data trading achieved a market size of CNY87.7 billion (USD12.3 billion) last year, according to a recent report by the Shanghai Data Exchange.
Jefferies discusses China’s probe into shadow bank Zhongzhi
Shujin Chen, China economist and head of China financial and property research at Jefferies, discusses the country’s shadow banking sector, which she says is “largely affected by the property …
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