The People’s Bank of China strictly controls the number of third-party payments licences, which were once worth billions of yuan As the central bank moves to tighten fintech regulations in recent …
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Countries most indebted to China MAPPED as global tensions rise
The poorest countries in the world are on the hook for £30billion in debt-service payments this year of which around 40 percent is owed to China.
China poised to shake up economic leadership as reformers bow out
Beijing’s once-in-five years reshuffle begins at the party congress that starts Oct. 16, where President Xi Jinping is poised to break with precedent and secure a third leadership term.
After bashing China loans, Kenya’s president signals reverse course
During his election campaign, William Ruto blamed China’s lending for his nation’s debt troubles But the new leader has flagged an expansion in Kenya-China relations on infrastructure, agriculture, …
CNNC delegation calls on Finance Minister
A delegation of China National Nuclear Corporation (CNNC) headed by its President Overseas Zhang Guoliang called on Minister for Finance Miftah Ismail in Islamabad on Wednesday. He briefed the …
Bank of East Asia downplays concerns over executive’s arrest
Bank of East Asia has downplayed the reported detention of one of its executives in mainland China over bribery allegations, putting the spotlight on the Hong Kong-based lender already reeling from a …
China’s shadow bank lending shows biggest jump since 2017
China’s shadow bank financing rose to the highest level in more than 5 years in August, as cash-strapped local governments looked outside the formal lending system to fund infrastructure investment.
China seen holding medium-term rate steady despite growing economic gloom
China’s central bank is widely expected to pause its monetary easing efforts and keep the medium-term policy rate steady this month, a Reuters survey showed, as widening policy divergence with the …
China Gets a Coal Lifeline Before Winter With Mongolia Rail Spur
China’s efforts to make sure it’s well-stocked with its mainstay fuel for what promises to be a grueling winter for energy markets received a boost with the completion of a new rail line in Mongolia…
Club Med’s owner Fosun denies reports about being under bank’s scrutiny for debt
Reports about China’s regulators asking banks to examine their exposure to Fosun are ‘completely false’, its chief financial officer said Fosun’s shares fell 4.1 per cent on Tuesday, close to the …
Bank of East Asia Executive in China Detained on Bribery Charge
A senior executive of Bank of East Asia Ltd.’s China unit has been detained on suspicion of accepting bribes, according to a report by Cailian.
Fosun denies reports China regulators asked banks to report exposure to it
Fosun International said on Wednesday that media reports saying Chinese regulators have told the country’s biggest banks to start a …
China Sets Yuan Fix at Strongest Bias on Record to Lift Currency
China extended its currency defense by setting its reference rate for the yuan with the strongest bias on record.Most Read from BloombergUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeUgly …
