Thursday, March 23, 2023

Postal Savings Bank of China Uses Digital Renminbi to Develop Smart Contracts for E-commerce

One of China's big state-owned banks is using the digital renminbi as the basis of new smart contracts that specifically target the country's huge...

China’s Real Estate Market to Stage Gradual Recovery Following Surge in February Sales: Zhongshan Securities

A leading securities house in China expects the country's real estate market to mount a gradual recovery before the end of 2023, following the...

China Evergrande Inks Deal with Offshore Creditors, Say It’s Confident Restructuring Will Avert Liquidation

Beleaguered estate giant China Evergrande Group has signed an agreement for the restructuring of its copious offshore debt burden. On March 22nd, China Evergrande...

China Sees Little Chance of Benchmark Rate Adjustment after Loan Prime Rate Stays Unchanged for 7th Month Straight

China's benchmark loan prime rate (LPR) has remained unchanged for the seventh consecutive month, with domestic analysts seeing little likelihood of zcjuxgmdng in the...

China’s Local Government Debt Woes Explained in Full – Chinese Academy of Social Sciences Says Illiquidity, Not Insolvency, Is the Issue

A researcher from one of China's top state-sponsored think tanks says that the chief risk faced by local governments when it comes to their...

Chinese Central Bank to Cut Required Reserve Ratio for First Time in 2023, Observers Say Short-term Interest Rate Cuts Now Unlikely

The People's Bank of China (PBOC) has announced plans to implement the first cut to the required reserve ratio (RRR) in 2023, as part...

China’s Real Estate Market to Stage Gradual Recovery Following Surge in February Sales: Zhongshan Securities

A leading securities house in China expects the country's real estate market to mount a gradual recovery before the end of 2023, following the...

China Evergrande Inks Deal with Offshore Creditors, Say It’s Confident Restructuring Will Avert Liquidation

Beleaguered estate giant China Evergrande Group has signed an agreement for the restructuring of its copious offshore debt burden. On March 22nd, China Evergrande...

China Sees Little Chance of Benchmark Rate Adjustment after Loan Prime Rate Stays Unchanged for 7th Month Straight

China's benchmark loan prime rate (LPR) has remained unchanged for the seventh consecutive month, with domestic analysts seeing little likelihood of zcjuxgmdng in the...

China’s Local Government Debt Woes Explained in Full – Chinese Academy of Social Sciences Says Illiquidity, Not Insolvency, Is the Issue

A researcher from one of China's top state-sponsored think tanks says that the chief risk faced by local governments when it comes to their...

Chinese Central Bank to Cut Required Reserve Ratio for First Time in 2023, Observers Say Short-term Interest Rate Cuts Now Unlikely

The People's Bank of China (PBOC) has announced plans to implement the first cut to the required reserve ratio (RRR) in 2023, as part...