In Striking Twist, A War Of Words Erupts Between China"s Central Bank And Ministry of Finance
Forget the trade war: in China the fingerpointing over who is responsible for China's economic mess has begun. I.....»»
China"s Xi has a $3.65 trillion war chest to counter Trump"s tariffs
Beijing’s main defense against trade-war fallout this year is more likely to come from the finance ministry than the central bank, no matter what President Donald Trump says......»»
After Xi, China’s Central Bank Gives Blockchain Tech a Pump
The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China......»»
Germany to name Lautenschlaeger successor soon: ministry
Germany intends to remain represented on the Executive Board of the European Central Bank and will shortly name a candidate to succeed Sabine Lautenschlaeger, who announced she would resign earlier this week, a Finance Ministry spokesman said......»»
Wall Street ends higher on trade, ECB stimulus hopes
Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank......»»
IMF Warns U.S. Trade War With China Threatens Global Growth
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said what almost every economist already knows. At the Group of 20 meeting of Finance Ministers and Central Bank........»»
China pledges to open up finance sector by year end
China's Central Bank Governor says the country wi.....»»
Bitcoin tumbles as low as $30,000 amid a broad crypto sell-off after China signals a crackdown
Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said. .....»»
Bitcoin tumbles below $40,000 and other coins slide after China signals a crypto crackdown, wiping $280 billion off the market
Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said. Jaap Arriens/NurPhoto via Getty Image.....»»
US Launching Five Digital Dollar Pilot Programs
US Launching Five Digital Dollar Pilot Programs By now it's common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challeng.....»»
How China Is Closing In on Its Own Digital Currency: QuickTake
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»
How China Is Closing In on Its Own Digital Currency
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»
China"s Central Bank Researchers Urge Lifting Birth Limits To Keep Up With "Skilled Immigration-Fed" US
China's Central Bank Researchers Urge Lifting Birth Limits To Keep Up With 'Skilled Immigration-Fed' US China is still desperately seeking to recover from its disas.....»»
China softens tone on bitcoin, calling it an "investment alternative" after years of cracking down on crypto
"We regard bitcoin and stablecoin as crypto assets ...These are investment alternatives," Li Bo, deputy governor of China's central bank, told CNBC. A small toy figurine .....»»
China Calls Bitcoin An "Investment Alternative" — Why The Move Is Significant
China’s central bank is now calling the world’s biggest cryptocurrency Bitcoin (BTC) an "investment alternative," CNBC read more.....»»
Jack Ma’s Ant group bows to Beijing with company overhaul
Jack Ma's Ant Group will apply to become a financial holding company, which will be overseen by China's central bank, subjecting the company to tighter regulations......»»
From Fixing to Signaling, How China Manages the Yuan
Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy: The central bank has various tools at its disposal, some public, some hidden. While its thinking is essentially unknowable.....»»
Chinese Stocks Tumble To 2021 Low, Hong Kong Enters Correction As Central Bank Support Fades
Chinese Stocks Tumble To 2021 Low, Hong Kong Enters Correction As Central Bank Support Fades China’s benchmark stock index extended losses for a second day, closing at a new low for the year after br.....»»
SWIFT Sets Up Joint Venture With China Central Bank Ahead Of Imminent Digital Yuan Launch
SWIFT S.....»»
How China’s Liquidity Squeeze Got Markets All Rattled
China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary policy by influencing the cost of borrowing.....»»
Jack Ma"s Ant Group reportedly plans to transform into a financial holding company overseen by China"s central bank
Jack Ma's Ant Group becoming a financial holding company would give Chinese regulators.....»»