China’s Ministry of Finance set up a new debt-management department, it said on Monday, the latest step in its effort to rein in local debt risks as the economy slows. The department’s main …
Tagged By financials
China cuts gold tax exemption for some retailers which may curb buying
China ended a long-standing tax exemption policy for some gold retailers on Saturday, potentially setting back a buying spree for the precious metal in the world’s biggest consumer market. Beijing wil …
Xinhua Silk Road: Annual Conference of Financial Street Forum 2025 concludes with fruitful results
The Annual Conference of Financial Street Forum 2025 concluded on Thursday with a theme event on international economic and trade resilience cooperation amid global transformations.
Indonesia’s China-backed bullet train derailed by mounting debt
The Indonesian government is in debt negotiations with China over its $7.3bn “Whoosh” bullet train, as the Beijing-backed high-speed railway racks up losses and risks creating an unmanageable debt …
Gold Falls on Reports of China’s Finance Ministry Ending Tax Incentive for Gold Sales
Gold fell in the early Asian session on reports that China is ending a tax incentive for sales of the precious metal, effective Nov. 1.
Bitcoin Eyes Liquidity Race As Fed Injects $29 Billion While China Floods Markets
The Fed’s $29B repo injection and China’s record liquidity push signal a global easing wave that could ignite Bitcoin’s next major rally.
Trump tariffs live updates: White House releases new details on US-China trade deal, including curbs on rare earth export controls
Yahoo Finance is chronicling the latest news and updates on President Trump’s plans to impose tariffs on goods from other countries.
Asian Infrastructure Investment Bank confirms plan for Hong Kong office next year
Preparatory work is progressing well, the Post has learned from the Beijing-headquartered multilateral development bank.
China’s wealthy flock to Hong Kong for global investment opportunities, banker says
An increasing number of wealthy customers from mainland China are using Hong Kong to diversify their investments and expand their businesses globally, according to a senior executive of Hong …
More suspects detained as rural banking scandal rolls on in Henan
From April 18, four rural banks in Henan suspended their online services, leaving customers unable to access their funds, which has quickly aroused outrage. Later that month, Henan New Fortune Group, …
How Beijing’s Double Standards are Shaping World Order
The Chinese government has perfected the art of having it both ways. It is at once the world’s second-largest economy and a self-styled “developing country”, a lender and aid recipient, aggressor and …
China Pays Interest in Gold Now
The newest info to that effect is China is now paying interest to Gold holders in Gold itself as seen in the picture above. The core argument here is that China is expanding the usability…
Beijing Energy Secures New Financial and Leasing Agreements
An update from Beijing Energy International Holding ( ($HK:0686) ) is now available. Beijing Energy International Holding has entered into two …
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