BEIJING/SHANGHAI China has moved to restrict trade at offshore yuan clearing banks, sources told Reuters on Wednesday, stepping up capital controls even as Beijing positions its currency for inclusion in the International Monetary Fund's reserve basket.
HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, according to sources and an official document seen by Reuters, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.
HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, according to sources and an official document seen by Reuters, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.
HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, sources told Reuters on Tuesday, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.
HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, sources told Reuters on Tuesday, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.
HONG KONG China has issued stricter guidelines governing trust companies, two sources with direct knowledge of the rules told Reuters on Monday, in a bid to counter systemic risks posed by the biggest players in the country's shadow-banking sector.
HONG KONG China has issued stricter guidelines governing trust companies, two sources with direct knowledge of the rules told Reuters on Monday, in a bid to counter systemic risks posed by the biggest players in the country's shadow-banking sector.
HONG KONG/BEIJING China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding .
HONG KONG/BEIJING China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding.
HONG KONG/BEIJING China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding.
China's move to sanction former Trump administration officials was "unproductive and cynical", a spokeswoman for President Joe Biden's National Security Council said on Wednesday, urging Americans from both parties to condemn the action.