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 ...)
Yum China to Report Fourth Quarter and Fiscal Year 2020 Financial Results
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ending ... ( read original story ...)
China approves three sci-tech innovation IPOs
China’s securities regulator has approved the initial public offering (IPO) of three companies on the science and technology innovation board. ( read original story ...)