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Video: Floodwater Breaks Hotel Door As Super Typhoon Ragasa Hits Hong Kong
After leaving deadly destruction in Taiwan and Philippines, Super Typhoon Ragasa, one of the strongest in years to hit East Asia, brought in waves taller than lampposts onto Hong Kong's shores early on Wednesday as it halted life in parts of China.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
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Millions Offline, Banks Shut: How Taiwan Is Preparing For China Invasion
Millions of people offline, banks knocked out and the world's most advanced semiconductor industry paralysed -- Taiwan's doomsday scenario includes not just invading Chinese troops but also a wave of attacks against its cyber infrastructure.
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Ex-Deputy Governor Of China Central Bank Arrested For Suspected Bribery
Fan, 59, is the highest-ranking official at the People's Bank of China to be arrested under President Xi Jinping's anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.
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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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China's Finance Minister To Attend Debt Meeting In India, Says IMF: Report
"China is going to participate at the level of minister of finance and the governor of People's Bank of China," IMF Managing Director Kristalina Georgieva said in a CBS' 60 Minutes interview on Sunday.
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China is Missing Fintech Opportunities Banning Crypto, Warns Economist
Huang Yiping, the former advisor to the People’s Bank of China (PBOC), has voiced concerns that China is losing next-gen fintech opportunities, that other parts of the world are already experimenting with. In Yiping’s opinion, opportunities in exploring the ‘very valuable’ blockchain technology.
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China’s CBDC Bets on User Privacy and Fund Safety, Central Bank Governor Explains Design
China’s CBDC was designed to focus on user privacy and ensuring financial security. Safeguarding user privacy and zeroing-in on ensuring financial security for the people were the two key features that were given most importance, Yi Gang, the governor of the People’s Bank of China (PBOC) revealed to the media. China launched a special app of e-...
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When Chinese Protesters Came Up Against Xi Jinping's Security Machine
A crowd of about 1,000 people, many waving Chinese flags, rallied outside the Zhengzhou branch of the central bank for several hours before the protest was violently broken up by security personnel in scenes that went viral online.
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China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces
The trial of China’s digital Yuan is expanding to the provinces of Jiangsu, Hebei, Guangdong, and Sichuan. Fan Yifei, the deputy governor of the People’s Bank of China (PBOC) has revealed recently that the e-CNY trial is now being expanded to more populated areas of the country. China's central bank has been working on its CBDC for the last two...
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China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
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IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report
The IMF's executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
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Cryptocurrency Crackdown in China: What’s New in Latest Ban on Transactions?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining.
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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.
-
Video: Floodwater Breaks Hotel Door As Super Typhoon Ragasa Hits Hong Kong
After leaving deadly destruction in Taiwan and Philippines, Super Typhoon Ragasa, one of the strongest in years to hit East Asia, brought in waves taller than lampposts onto Hong Kong's shores early on Wednesday as it halted life in parts of China.
-
Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
-
Millions Offline, Banks Shut: How Taiwan Is Preparing For China Invasion
Millions of people offline, banks knocked out and the world's most advanced semiconductor industry paralysed -- Taiwan's doomsday scenario includes not just invading Chinese troops but also a wave of attacks against its cyber infrastructure.
-
Ex-Deputy Governor Of China Central Bank Arrested For Suspected Bribery
Fan, 59, is the highest-ranking official at the People's Bank of China to be arrested under President Xi Jinping's anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.
-
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.
-
China's Finance Minister To Attend Debt Meeting In India, Says IMF: Report
"China is going to participate at the level of minister of finance and the governor of People's Bank of China," IMF Managing Director Kristalina Georgieva said in a CBS' 60 Minutes interview on Sunday.
-
China is Missing Fintech Opportunities Banning Crypto, Warns Economist
Huang Yiping, the former advisor to the People’s Bank of China (PBOC), has voiced concerns that China is losing next-gen fintech opportunities, that other parts of the world are already experimenting with. In Yiping’s opinion, opportunities in exploring the ‘very valuable’ blockchain technology.
-
China’s CBDC Bets on User Privacy and Fund Safety, Central Bank Governor Explains Design
China’s CBDC was designed to focus on user privacy and ensuring financial security. Safeguarding user privacy and zeroing-in on ensuring financial security for the people were the two key features that were given most importance, Yi Gang, the governor of the People’s Bank of China (PBOC) revealed to the media. China launched a special app of e-...
-
When Chinese Protesters Came Up Against Xi Jinping's Security Machine
A crowd of about 1,000 people, many waving Chinese flags, rallied outside the Zhengzhou branch of the central bank for several hours before the protest was violently broken up by security personnel in scenes that went viral online.
-
China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces
The trial of China’s digital Yuan is expanding to the provinces of Jiangsu, Hebei, Guangdong, and Sichuan. Fan Yifei, the deputy governor of the People’s Bank of China (PBOC) has revealed recently that the e-CNY trial is now being expanded to more populated areas of the country. China's central bank has been working on its CBDC for the last two...
-
China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
-
IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report
The IMF's executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
-
Cryptocurrency Crackdown in China: What’s New in Latest Ban on Transactions?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining.
-
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.
