Finance


Foreign holdings of Chinese bonds up

Overseas institutional investors increased their holdings of Chinese government bonds in September as the yield remained attractive, official data showed....

October 18, 2021, Monday


Household wealth up, despite the pandemic

Chinese household wealth weathered the COVID-19 crisis and grew quickly in 2020, thanks to the rapid recovery of the stock market and the surge in pension funds’ investment returns, a new report says....

October 13, 2021, Wednesday


UK minister backs high-wage stance

The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said yesterday, expressing confidence in the Bank of England’s ability to curb rising inflation....

October 11, 2021, Monday


Blockchain lab kicks off in Shanghai

A blockchain research lab was established by the Shanghai Maritime University and local startup Conflux yesterday in the Lingang Special Area to help Shanghai build itself as a global finance and shipping...

September 16, 2021, Thursday


Special central bank lending quota up

The People’s Bank of China raised the quota of special central bank lending by 300 billion yuan (US$46.44 billion) to provide stronger support for micro, small and medium-sized enterprises in difficul...

September 13, 2021, Monday


Stock ‘black mouths’ face crackdown

Shanghai is cracking down on “black mouths” trying to manipulate stock prices with online posts tempting people into buying certain shares....

September 9, 2021, Thursday


S. Korea raises interest rates from record low

The Bank of Korea raised its policy rate for the first time in almost three years yesterday, becoming the first major Asian central bank to shift away from pandemic-era monetary settings as ballooning...

August 27, 2021, Friday


e-CNY is now being used in futures deals

China’s digital currency, or the e-CNY, has been used for the first time for transactions in the domestic futures market, the China Securities Journal reported....

August 24, 2021, Tuesday


Lujiazui unveils finance hub plans

Lujiazui aims to become a world-class financial hub in the next five years, officials said....

August 13, 2021, Friday


IMF ups lending limit by US$650b

The International Monetary Fund’s board of governors on Monday greenlit increasing the institution’s lending capacity by US$650 billion, the last step in approving an initiative to boost aid to the most...

August 4, 2021, Wednesday




 

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