Latest News for: China financier


State-owned lender ramps up efforts for bigger role in rural revitalization

China Daily 03 Aug 2021
Postal Savings Bank of China stepped up financial support for the nation's rural revitalization campaign by giving full play to the synergistic effect of the State-owned bank and its parent company China Post ... Qiang Bin, deputy general manager of the Beijing branch of China Post.

Energy Insider: China’s Steelmakers Report 220% First-Half Profit Growth

Caixin Online 03 Aug 2021
China’s steelmakers report 220% profit growth ... China’s central bank urged financial institutions to implement policy tools to cut carbon emissions and pledged it will provide eligible lenders with low-cost funds and encourage them to offer financing at preferential interest rates for projects with significant effects on carbon emission reductions.

ANALYSIS - Biden's Sanctions Unlikely to Hurt China Unless Other Western States Follow Suit

Urdu Point 03 Aug 2021
Meanwhile, China has not shut the door to working together ... "My first reaction was to imagine amazed Chinese years from now recalling the end of American Empire and that in 2021 the Dollar Country imagined it could squeeze rising China through its falling dollar and creaky financial system," Bradley said.

China’s Digital Currency Strategy

Hellenic Shipping News Worldwide 03 Aug 2021
China has been at the forefront of experimenting with a digital ...

In call with Biden, Trudeau talks trade, border 'collaboration' and Olympic soccer

Moosejaw Today 03 Aug 2021
The leaders also called for the "immediate release" of Michael Kovrig and Michael Spavor, two Canadian citizens detained in China since December 2018 in the immediate fallout from the detention of Meng Wanzhou. The financial head of Chinese tech giant Huawei was detained by Canada ...

Monetary policy has key role in stabilizing growth

China Daily 02 Aug 2021
The PBOC also said that going forward, it will continue to implement a prudent monetary policy while keeping liquidity at a reasonable and ample level, in an effort to create a suitable monetary and financial environment for China's high-quality development and supply-side structural reform ... The views don't necessarily reflect those of China Daily.

Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian

Bitcoin 02 Aug 2021
Mohamed El-Erian, an adviser to Allianz and Gramercy Funds Management, says that “The time has come for more western governments to stop dismissing the crypto revolution as some mix of illicit payments schemes and reckless financial speculation.” Western Governments Urged to Stop Ignoring Crypto Revolution.

China seeks common ground on US IPO rules

Asiatimes 02 Aug 2021
“The securities regulators of the two countries should uphold the spirit of mutual respect, strengthen communication on regulating China-related stocks, and find appropriate solutions to create sound policy expectations and a sound regulatory environment for financial markets,” an unnamed CSRC spokesperson said in a statement on Sunday.

China is '6 years ahead' of US in building blockchain payment system, CEO says

Yahoo Daily News 02 Aug 2021
has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview ... Before the recent crackdown on bitcoin, China had already emphasized integrating blockchain technology into its financial system in a variety of ways.

For many, a yuan saved is a yuan saved

China Daily 02 Aug 2021
Not long ago, the State Council, China's Cabinet, held an executive meeting to make arrangements to further promote financial institutions reducing their fees and profits to benefit enterprises and the public ... Cutting the fees will make it more convenient for them and ease their financial burden.

Banks Pull Back Funds for Coal Projects in Asia

Wall Street Journal 02 Aug 2021
But most key financiers in Japan and South Korea as well as some in China have signaled in recent months that they are planning to stop or slow the flow of money for projects outside their borders as their governments increasingly view overseas coal projects as risky investments.

Beneficial to all

China Daily 02 Aug 2021
The proposal promotes China's domestic development and that of the world ... As an important part of the Belt and Road Initiative, China set up the Asian Infrastructure Investment Bank in collaboration with over 100 countries, and the Silk Road Fund to financially support Belt and Road infrastructure construction projects.

Afghanistan’s future path to be determined by a corridor of power

Open Democracy 02 Aug 2021
Wakhan Corridor lies between China and Taliban-controlled land ... Russian President Vladimir Putin will seek to expand influence, while avoiding significant financial or military commitments, but China is in a very different position, which is made even more interesting by the Taliban’s recent paramilitary action in the extreme east of Afghanistan.

China calls for communication on supervision of Chinese firms seeking listings in US 02 Aug 2021
Firmly sticking to the basic state policy of reform and opening-up, China will continuously deepen opening-up in the financial sector, said the spokesperson, adding that more pragmatic measures for opening-up will be introduced in the next stage to promote the high-quality development of China's capital market.

Education fund tumbles after ill-timed launch

Shenzhen Daily 02 Aug 2021
China two weeks ago barred tutoring for profit in core school subjects to ease financial pressure on families, a move that spooked investors in China’s US$120 billion private tutoring industry. Reflecting those fears, the Bosera CSI Global China Education ETF, the country’s only ...

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