The People’s Bank of China, the nation’s central bank, stressed at a meeting on Thursday the need to steadily advance financial market institutional opening-up, vowing to deepen reform and opening-up …
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Strict financial control by Beijing spells more opportunities for Hong Kong
As crucial meeting makes it clear China’s regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West China’s central financial work conference …
China’s High-Level Financial Meeting Signals Support for Property Developers and Resolving Debt Issues
China signaled support for property developers and resolving local government debt problems in a high-level financial meeting this week. The meeting emphasized that private and state-owned property de …
UPDATE 3-Key China gathering sees bigger role for Communist Party in finance
China will step up the Communist Party’s leadership of its $61 trillion finance industry and strengthen efforts to reduce local debt risks, state media reported, citing a key twice-a-decade financial …
China’s top spy agency takes swipe at ‘some countries’ trying to disrupt financial system
Ministry of State Security says in social media post that some nations ‘regard the financial market as a tool for geopolitical games’. It also vows to ‘proactively’ take part in protecting financial …
Exploring China’s Financial Market: A Comprehensive Overview
China’s financial market has evolved at an astonishing pace over the past few decades. From a tightly controlled and isolated system, it has transformed into one of the world’s largest and most …
China’s economy is a mess. Why aren’t firms going under?
In September Hui Ka Yan, Evergrande’s chairman, was detained. The next month a former chairman of Bank of China was arrested for a bevy of misdeeds, including the creation of financial risk. Barriers …
China’s central bank, forex regulator hold meeting to implement policies set by central financial work conference
The People’s Bank of China, the central bank, and the State Administration of Foreign Exchange on Thursday held a meeting to fast-track the tasks set by the recently concluded central financial work …
Iron ore rallies on positive signals from China financial meeting
BEIJING (Reuters) -Iron ore strengthened on Wednesday, as positive signals from top consumer China’s latest financial meeting and sound fundamentals boosted market sentiment. The most-traded January …
Inside the decentralized heist: How a group in China laundered $307 million in Tether
In a recent verdict handed down by a court in Tongliang, China, situated near Chongqing, 21 individuals have been convicted for their involvement in an intricate scheme. The scheme pertained to the …
China’s onshore yuan steady as dollar softens, offshore yuan firms
China’s yuan held steady on Thursday, while its offshore counterpart firmed against a softening U.S. dollar, as investors bet the widening of bond yields between China and the U.S. may come to an end …
Key financial conference sets priorities for high-quality development
China will remain committed to the path of financial development with Chinese characteristics and boost the high-quality development of the financial sector, according to the meeting, the …
China cements party control over finance, clamping down on risk but making investors sweat
This year’s central financial work conference stressed greater control of the Communist Party over the finance sector, indicating a desire to manage risk – and a lack of interest in putting financial …
