China unveiled an extensive array of financial opening-up policies at the 2026 Lujiazui Forum in Shanghai on Wednesday, encompassing a comprehensive offshore finance action plan, offshore renminbi …
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Make Hong Kong China’s ‘space finance capital’, legal group urges Beijing
Hong Kong-based Asian Academy of International Law also urges city to enact space asset legislation An independent legal group has proposed that Beijing designate Hong Kong as the country’s “space …
Op-ed: If you think China needs to dethrone U.S. dollar, you don’t understand how it is waging global currency war
It’s misguided to focus on China’s renminbi replacing the U.S. dollar. Beijing is already successfully reducing dependence on a dollar-centric global system.
Big nations snub Beijing bank launch after US lobbying
China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are …
Laid-off bank workers protest in Beijing
Hundreds of laid-off former bank employees have attended a rally in Beijing demanding better benefits. Many had outwitted police to be able to attend the protest, which was eventually attacked by …
World Bank to phase out China lending by 2031
The World Bank is set to cease lending to China by 2031, a move reflecting Beijing’s economic ascent. Loans will be capped at $2 billion until then, a significant drop from previous years. This …
World Bank to phase out lending to China by 2031, source says
The World Bank will phase out lending to China by 2031, marking a significant shift in development finance as China’s economy grows. Read more at straitstimes.com. Read more at straitstimes.com.
World Bank to phase out lending to China by 2031
World Bank lending to China has steadily declined in recent years as the Asian giant saw explosive growth and a reduction in poverty indicators.
World Bank to phase out lending to China after decades and $69 billion in loans
The World Bank will stop lending to China after $69 billion across 452 projects. Here’s why this long-expected graduation matters for global capital flows.
World Bank to end China lending program as GDP surpasses threshold
World Bank will end its lending program to China as GDP surpasses threshold. China’s 2026 GDP growth below 1% at 0.1% YES.
China central bank doubles overnight cash injection, keeps rate unchanged, sources say
June 30 (Reuters) – China’s central bank ramped up liquidity injections on Tuesday, doubling the amount of cash supplied through overnight reverse repos as seasonal month-end demand intensified. The …
Shanghai should step up as finance hub, as Hong Kong ‘not enough’, proposal says
Mainland hub is needed to ‘fully meet the special needs’ of Chinese firms expanding abroad, institute leader says in closed-door meeting Shanghai has been urged to build itself into a hub serving the …
China Central Bank conducts overnight reverse repos again, keeps rate at 1.25%, sources say
June 30 (Reuters) – China’s central bank conducted its overnight reverse repo operations again on Tuesday, setting the borrowing cost unchanged at 1.25%, people with knowledge of the matter said. The …
