What Happened: The People’s Bank of China added a net 108.2 billion yuan ($15.2 billion) in Pledged Supplementary Lending, or PSL, in September for China Development Bank, Agricultural …
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China extends currency swaps with European Central Bank
China’s central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank’s …
China Turns to Controversial Loan Tool for Policy Bank Funding
China used a controversial tool to inject funds into policy banks for the first time in more than two years, as Beijing increasingly relies on the semi-official lenders to support the economy while …
China praise and Taiwan criticism over Musk comments
Beijing and Taipei have spoken out after Tesla chief executive Elon Musk said Taiwan should become a special administrative zone of China.The world’s richest man said in a Financial Times interview he …
Ageless and scandal-proof: Chinese tech groups bank on virtual influencers
China’s celebrity influencers Viya and Li Jiaqi — aka Austin Li the “lipstick king” — used to attract millions of shoppers to ecommerce platforms, but their scandals and subsequent disappearances …
Explainer: The ways China’s Xi Jinping amassed power over a decade
FILE PHOTO; China’s President Xi Jinping attends a welcoming ceremony … 2012 after he came to power for “reform and opening up”, as well as an existing group on finance. – He undertook a sweeping…
Musk’s Taiwan remarks draw ire from Taipei, thanks from Beijing
Days after weighing in on the Ukraine war, tech billionaire Elon Musk suggested establishing a “special administrative zone” around the self-governing island of Taiwan in a new interview, angering …
China’s central bank conducts $2.39bn worth of reverse repos to add liquidity
China’s central bank on Saturday conducted a total of 17 billion yuan (about US$2.39 billion) of reverse repos to maintain liquidity in the banking system, Chinese news agency, Xinhua, reported.The …
China issues local gov’t bonds worth over 390 bln yuan in August
Aerial photo taken on Aug. 31, 2021 shows a high-speed railway under construction and an expressway in Gaoling Township of Du’an Yao Autonomous County, south China’s Guangxi Zhuang Autonomous Region.
Putin’s energy threat backfires as Russia to bow to China’s demands: ‘Xi in control’
Experts told Express.co.uk that unable to sell their gas to Europe, Russia will be forced to export their gas at a low price to China.
China issues local govt bonds worth over 390b yuan in August
Of the total, the country issued general bonds worth 176 billion yuan as well as 214.9 billion yuan of special bonds in the period, the Ministry of Finance said in a statement. The bonds had…
China announces latest easing of foreign investment rules
The importance of the latest measures for China’s domestic market and in showing the country’s open stance should not be underestimated, according to Zhao Xijun, a Renmin University finance professor …
Financier claims to be victim of ‘dirty tricks’ by China due to supporting democracy
A British-based multi-millionaire businessman claims to have been targeted with a “dirty tricks” campaign of smears, cyber attacks and harassment orchestrated by China because of his support for …