The China stock market has finished higher in two of three trading days since the end of the three-day slide in which it had fallen almost 75 points or 2.1 percent. The Shanghai Composite Index now ... ( read original story ...)
Shanghai Pudong Development Bank develops cutting-edge treasury services in Hong Kong
SPD Bank enhances treasury operations to drive growth with Finastra's Fusion SummitHONG KONG, Dec. 15, 2020 /PRNewswire/ -- Shanghai Pudong ... ( read original story ...)
China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks
Wary of using blunt instruments like the central bank's key interest rate, local authorities are resorting to administrative measures to keep a lid on home prices. Shanghai residents, who are allowed ... ( read original story ...)
Bank accounts of Protestant Church frozen in ‘political retaliation’
On 7 December, the Hong Kong and Shanghai Bank (HSBC) froze five bank accounts that belong to the Church on orders of the police. The latter accuse the Church of money laundering and fraud. According ... ( read original story ...)
Digital yuan poses no threat to global monetary systems, says former head of China’s central bank
China’s new sovereign digital currency could transform cross-border trade due to its ability to process payments and handle foreign exchange transactions simultaneously. That’s according to the former ... ( read original story ...)
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
A former governor of China’s central bank believes the digital yuan won’t upset the order of the global monetary system. According to a report by the South China Morning Post on Sunday, Zhou Xiaochuan ... ( read original story ...)
China’s central bank conducts 20 billion yuan of reverse repos
China's central bank on Monday conducted 20 billion yuan (about 3.06 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the ... ( read original story ...)