PBOC


PBoC outlines shortcomings in China's carbon trading scheme

PBoC outlines shortcomings in China's carbon trading scheme

(ATF) China is setting up a national carbon trading scheme, described as a cap-and-trade system with market mechanisms and 'bottom up' architecture. The aim is to create an international market through exchanges where allowances are traded and emissions are monitored and reported. But it is still in its infancy and …

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Regulators to press Chinese tech giants to share credit data 

Regulators to press Chinese tech giants to share credit data 

China plans to push tech giants including the Ant Group, Tencent and JD.com to share their consumer loan data in an effort to prevent excess borrowing and fraud.The plan, if implemented, would effectively end the government's laissez-faire approach to the industry, sources claim. Up until now, large internet platforms have …

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China puts brakes on strongest yuan in 30 months

China puts brakes on strongest yuan in 30 months

(ATF) Beijing has raised the quota for domestic firms giving overseas loans and said it will relax the rules on cross-border yuan use – two moves that analysts say will cool the strengthening of the yuan, which has rallied to a 30-month high against the greenback.China's central bank raised its …

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Campaign against Jack Ma intensifies

Campaign against Jack Ma intensifies

(ATF) China's most famous businessman and one of the world's richest men, Jack Ma (Ma Yun) has not been seen in public for weeks, after suffering a significant fall from grace in early November.Ma missed the final episode of his reality TV show, on which he was due to appear …

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Alibaba value plunges over $100bn over PBOC shake-up, anti-trust probe

Alibaba value plunges over $100bn over PBOC shake-up, anti-trust

Alibaba shares slumped 9% to their lowest since June on Monday, as the firm's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma's e-commerce and financial empire.A sharp sell-off over two sessions has knocked almost $116 billion off the tech giant's Hong …

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China central bank concerned about declining birth rate

China central bank concerned about declining birth rate

(ATF) Following China’s long-term policy to allow only one child per family, the government has been trialling a ‘three-child policy’ in the North – to combat the problem of low birth rates and a massive 300 billion people entering retirement."From a researcher's point of view, the national policy of 'three …

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Defaults force China to boost scrutiny of bond rating agencies

Defaults force China to boost scrutiny of bond rating agencies

(ATF) The People’s Bank of China has pledged to improve supervision of the bond rating sector after a series of defaults rattled the country’s $4 trillion corporate debt market. Meanwhile, a former executive at one of China’s top credit rating agencies has been suspended amid claims he took “massive” bribes.Pan …

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China’s opportunities and challenges in 2021 and beyond

China’s opportunities and challenges in 2021 and beyond

(ATF) China has regained all its output losses following the Covid-19 shock, and staged a V-shaped rebound since the second quarter of 2020. With recovery momentum expected to peak in 1Q21, the next year will be a reset for China’s transformation policies.China’s policy shift to “dual circulation” suggests domestic demand …

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JD.com to accept digital yuan in Chinese e-commerce first 

JD.com to accept digital yuan in Chinese e-commerce first 

(ATF) Chinese e-commerce company JD.com Inc said it would become the country's first online shopping platform to accept the People's Bank of China's digital currency.Electronics retailer Five Star Electric, JD Home, and JD Convenience Store - all units of JD.com - would support payments through the digital yuan, the online …

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Hong Kong and PBOC studying 'southbound' Bond Connect

Hong Kong and PBOC studying 'southbound' Bond Connect

(ATF) The Hong Kong Monetary Authority is studying the framework of a “southbound” leg of the Bond Connect scheme with the People's Bank of China (PBoC), an HKMA spokesperson said this week.Eddie Yue, Chief Executive of the HKMA, said the 'northbound' Bond Connect had been well received by international investors, …

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