T he problem with central planners is not that they make mistakes. After all, everyone is fallible: even (oh, the shame of it) newspaper columnists. The trouble with technocrats is how they respond when plans…
Tagged By financials
Microsoft must be held responsible for China’s U.S. government email hack, Senator Wyden demands
Chinese hackers accessed the Microsoft-powered email accounts of top China envoys, Commerce Secretary Gina Raimondo, and Secretary of State Antony Blinken.
Taxonomy for sustainable finance
MACAU, China – The tourism industry in this city and special administrative … Another way is to establish and implement credible frameworks such as taxonomies for sustainable finance, as advocated by Commissioner Kelvin Lester K.…
With US interest rates at a 22-year high, how will Beijing’s new central bank chief counter the toll on China?
US Federal Reserve lifted interest rates to the highest level in 22 years on Wednesday, posing a challenge to China’s newly appointed central bank governor, Pan Gongsheng.
China Rolls Over $2.4 billion Loan for Islamabad for 2 Years
In a post on the X platform, formerly known as Twitter, Ishaq Dar said the Chinese EXIM Bank rolled over for two years the “principal amounts” of the $2.4 billion loan, which Islamabad was to…
Beijing Pledges Credit Support to Spur Consumption
China’s top financial regulator vowed to urge banking and insurance institutions to boost credit to shore up the country’s sluggish consumption.
China Asks Banks to Bankroll Tech in Latest Private Sector Boost
China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to revive a private sector devastated by a two-year regulatory …
Chinese finance ministry to issue RMB sovereign bonds worth 1.68 bln USD in Hong Kong
HONG KONG, July 27 (Xinhua) — China’s finance ministry will issue renminbi (RMB) sovereign bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA), with a total issuance size of 12 billion…
Agricultural Bank of China, Other Chinese Lenders Deny Rumors of Mortgage Rate Cuts
(Yicai Global) July 27 — Agricultural Bank of China and other Chinese banks have refuted rumors that they are reducing the rates on existing home loans, despite a recommendation to do so by the country’s…
China’s Small Loan Industry Continues to Shrink in First Half
As of the end of the second quarter, 5,688 small lenders had an outstanding loan balance of CNY827 billion (USD116 billion), down 113 and CNY45.2 billion, respectively, from the end of the first quarter, the…
Pakistan’s finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years
Pakistan’s finance minister says Beijing has rolled over a $2.4 billion loan for his country for two years, a move aimed at helping Pakistan overcome a lingering economic crisis.
Volkswagen Earnings Miss on Hedging Effects, China Pressure
Volkswagen AG posted worse-than-expected earnings in the second quarter amid negative effects from commodity hedging and intensifying competition in China, its most important market.
China’s voluntary carbon market could relaunch as early as October to support country’s climate efforts, experts say
CCER is seen as an important supplementary mechanism to China’s national Emissions Trading Scheme (ETS), and experts say an earlier reboot would help the country’s climate efforts.
