China to expand financial sector’s opening-up
This is to deal with changes in the external environment over an extended period of time, an official said.
Jiang Xueqing
China’s policies to stabilise real estate financing
Policies include the central bank's move to cut the reserve requirement ratio for financial institutions by 0.25 percentage points.
China’s economy to stay resilient: ADB
In the short term, however, the Chinese economy and other economies are facing headwinds.
China begins pilot program to bolster retirement planning
The banks will offer three types of deposit products for retirement planning with maturities of five, 10, 15 and 20 years.
Chinese regulator stresses banks’ role in delivery of presold homes
As of mid-July, homebuyers in about 150 property projects across multiple cities refused to make mortgage payments due to delayed delivery of their presold homes.
China increases efforts to help small and midsize rural commercial banks
It is estimated that some of the deferred repayments of principal and interest on loans to these enterprises during the Covid-19 pandemic will turn into bad loans.
E-CNY designed for retail transactions, not to take place of dollar: Expert
By the end of 2021, China's digital yuan transactions reached about 87.57 billion yuan ($13.75 billion), with 261 million personal wallets opened, according to the People's Bank…
Chinese banks defer mortgage payments due to resurgence of Covid-19
As of the end of 2021, the balance of individual mortgages in China was 38.32 trillion yuan, up 11.3% year-on-year, according to the People's Bank of China, the country's central…
Digital yuan gives holiday, Olympic shopping a festive charge
Apart from the New Year holiday, the Beijing 2022 Olympic Winter Games are also a great opportunity for China to further conduct e-CNY pilot programs.