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China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
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All Crypto-Related Transactions Are Illegal, Says China
China's central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
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Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
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What To Make Of China Bank’s Stake In HDFC
Perhaps China believes that the Modi government will give a big stimulus to the economy and the RBI will cut interest rates even more, not only to revive consumption demand but also induce India's middle class to begin buying homes again. There's no indication, yet, on whether a stimulus package is coming or not. But investing in equities is always...
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China Plans To Launch Its Own Digital Currency: Report
China plans to launch its own digital currency to stay ahead of the global competition with its central bank approving proposals to conduct trials in some cities, official media reported today.
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China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
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China Slashes Banks' Reserve Requirements As Trade War Hits Growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
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Macau ATMs Need Face Time Before Payout To Help Follow The Money
Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.
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China Launches New 'Harder to Fake' 100 Yuan Note
China today put into circulation a new version of its 100-yuan banknote the highest denomination available in the world's second-largest economy with added golden touches that the government said was harder to forge.
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China Leaders Meet for 5-Year Plan Amid Calls for Reform
China's Communist leaders gathered today to plan the country's course for the next five years, official media reported, confronting an economic malaise that has investors worried and intractable problems such as pollution souring the public mood.
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A Message From Davos: Quantitative Easing Alone Won't Solve Europe's Ills
Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled today.
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China's Economy Not Headed for 'Hard Landing'
China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.
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China Looking at Deal With US to Recover Dirty Assets: Report
China is looking at signing an agreement with the United States to target assets illegally taken out of China by corrupt officials, a state-run newspaper said on Monday, as the government tightens the screws in its anti-graft battle.
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China Cenbank Injects $81 Billion Into Major Banks to Support Economy: Reports
China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
-
China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
-
All Crypto-Related Transactions Are Illegal, Says China
China's central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
-
Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
-
What To Make Of China Bank’s Stake In HDFC
Perhaps China believes that the Modi government will give a big stimulus to the economy and the RBI will cut interest rates even more, not only to revive consumption demand but also induce India's middle class to begin buying homes again. There's no indication, yet, on whether a stimulus package is coming or not. But investing in equities is always...
-
China Plans To Launch Its Own Digital Currency: Report
China plans to launch its own digital currency to stay ahead of the global competition with its central bank approving proposals to conduct trials in some cities, official media reported today.
-
China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
-
China Slashes Banks' Reserve Requirements As Trade War Hits Growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
-
Macau ATMs Need Face Time Before Payout To Help Follow The Money
Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.
-
China Launches New 'Harder to Fake' 100 Yuan Note
China today put into circulation a new version of its 100-yuan banknote the highest denomination available in the world's second-largest economy with added golden touches that the government said was harder to forge.
-
China Leaders Meet for 5-Year Plan Amid Calls for Reform
China's Communist leaders gathered today to plan the country's course for the next five years, official media reported, confronting an economic malaise that has investors worried and intractable problems such as pollution souring the public mood.
-
A Message From Davos: Quantitative Easing Alone Won't Solve Europe's Ills
Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled today.
-
China's Economy Not Headed for 'Hard Landing'
China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.
-
China Looking at Deal With US to Recover Dirty Assets: Report
China is looking at signing an agreement with the United States to target assets illegally taken out of China by corrupt officials, a state-run newspaper said on Monday, as the government tightens the screws in its anti-graft battle.
-
China Cenbank Injects $81 Billion Into Major Banks to Support Economy: Reports
China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
