Finance


Tencent confirms e-yuan role

Tencent said yesterday that it has participated in the People’s Bank of China’s e-yuan project right from the start, and will continue to carry out pilot trials in accordance with the guidance of the...

April 26, 2021, Monday


US$650b resource boost for IMF

Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by US$650 billion as a way to provide more support to vulnerable...

April 9, 2021, Friday


China forex reserves fall to US$3.17t

China’s foreign exchange reserves shrank to US$3.17 trillion at the end of March from US$3.205 trillion at the end of February, official data showed yesterday....

April 8, 2021, Thursday


Credit Suisse takes US$4.7b hit

Credit Suisse said yesterday it will take a 4.4 billion Swiss franc (US$4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank...

April 7, 2021, Wednesday


PBOC bid to boost bond transactions

China’s central bank has further optimized its bond transaction and circulation mechanism, aiming for higher efficiency while enhancing the ability of the bond market to serve the real economy, according...

April 6, 2021, Tuesday


3 of China’s big banks post profit surge

Three of China’s largest lenders have booked a jump in fourth-quarter net profit of well over 40 percent, the first green shoots since the COVID-19 pandemic battered borrowers last year....

March 29, 2021, Monday


Non-cash payments grow in 2020

The non-cash payments handled by Chinese banks maintained steady expansion in 2020, with mobile payments sustaining growth momentum in previous quarters, data from the central bank showed....

March 29, 2021, Monday


BOE unveils new banknote in honor of WWII code-breaker

The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World War II with his code-breaking skills but is believed to have killed himself...

March 26, 2021, Friday


Tax relief policies to be extended

China is to extend a number of tax concession policies which were launched during the COVID-19 fight last year....

March 24, 2021, Wednesday


SWIFT JV eyes data warehouse

The People’s Bank of China said yesterday that the newly established joint venture with the Belgium-based SWIFT financial messaging service will set up a localized data warehouse to monitor and analyze...

March 24, 2021, Wednesday




 

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