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Xinhua Finance: Harnessing Wisdom in Jiangbeizui, Embarking on a New Journey Successful Conclusion of the Fourth Jiangbeizui New Financial Summit

On October 24, the Fourth Jiangbeizui New Financial Summit concluded with success in Chongqing. With the theme of "New Journey, New Duty, New Finance-Speeding Up the Development of Financial Center in Western China", the summit gathered participants to discuss how to leverage the functions of financial services and advance the integration of financial markets, and offer advice and suggestions on how to build a financial center in western China embracing reform and innovation, thus enabling more

Chongqing , China , Chengdu , Sichuan , Xiao-gang , Jiangxi , Jiangbei , Jilin , United-states , America , Chinese , Li-yang

Collateral Damage From Higher Interest Rates

Why to be wary of Larry Summers selling another Volcker-type "kill the economy to save it" interest rate jihad.

Ukraine , China , Servaas , Gauteng , South-africa , Mexico , Japan , Delft , Free-state , Nigeria , United-states , India

Global use of RMB growing steadily

The Chinese currency renminbi accounted for 7 percent of all foreign exchange trades so far this year, reporting the biggest expansion in currency market share and becoming the fifth most traded currency, up from the eighth place in 2019, according to the 2022 Triennial Central Bank Survey released by the Bank for International Settlements, or BIS, on Thursday.

China , Beijing , Japan , United-arab-emirates , Thailand , Zhang-ming , Sichuan , Cheng-shi , Anhui , Chinese , Japanese , Xiao-lisheng

Financial digitalization gets e-CNY trust

As the fall semester started in September, Liu Xiaojing, 35, a product manager in Beijing, enrolled her 7-year-old son into an after-school English-language program. That was a sort of an encore. The child had completed a similar program that coincided with the spring semester. The only difference this time round was that Liu paid 3,168 yuan ($437) toward the program in digital yuan, or e-CNY.

Beijing , China , Renmin , Liaoning , Yang-tao , Chinese , Huang-yafeng , Liu-xiaojing , Digital-currency-institute-of-the-people-bank , Party-of-china , National-institution-for-finance-development , National-congress

Financial digitalization gets e-CNY trust--China Economic Net

Financial digitalization gets e-CNY trust--China Economic Net
en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.

Beijing , China , Renmin , Liaoning , Yang-tao , Chinese , Huang-yafeng , Liu-xiaojing , Digital-currency-institute-of-the-people-bank , Party-of-china , National-institution-for-finance-development , National-congress

Big Four cut deposit rates to support real economy

China's four largest State-owned commercial banks by assets, also known as the Big Four, cut their deposit rates on Thursday. It will help ease the pressure of narrowing net interest margins while they continue to lower financing costs of the real economy, experts said.

China , Zeng-gang , Ningxia , Shanxi , Fujian , Chinese , Dong-ximiao , Big-four , People-bank , Moody-investors-service , National-institution-for-finance-development , China-minsheng-banking-corp

Smaller lenders to get more NPL help--China Economic Net

Smaller lenders to get more NPL help--China Economic Net
en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.

China , Wang-su , Shaanxi , Zeng-gang , Ningxia , Dong-ximiao , People-bank , National-institution-for-finance-development , Merchants-union-consumer-finance-co , Insurance-regulatory-commission , China-banking , National-institution

Report: Stable housing in need of more efforts

Market entities and regulators should handle homebuyers' threats to halt mortgage payments on unfinished projects in a steady manner and strongly push forward the work of ensuring timely deliveries of presold homes, said a quarterly report recently issued by the National Institution for Finance & Development.

China , Guangdong , Jilin , Shenzhen , Huaian , Fujian , Chinese , Yao-hong , National-institution-for-finance-development , China-merchants-bank , Postal-savings-bank , Ping-an-bank

More local govt bonds to help smaller lenders

China will continue to ramp up the issuance of special-purpose local government bonds to help small and mid-size banks replenish capital as an important measure to enhance their risk resistance ability, said regulatory officials and industry experts.

Dalian , Liaoning , China , Zeng-gang , Ningxia , Shanxi , Fujian , Henan , Beijing , Gansu , Qi-xiang , Jiangsu

More local govt bonds to help smaller lenders--China Economic Net

More local govt bonds to help smaller lenders--China Economic Net
en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.

Dalian , Liaoning , China , Zeng-gang , Ningxia , Henan , Beijing , Gansu , Qi-xiang , Jiangsu , Dong-ximiao , Merchants-union-consumer-finance-co-ltd