Monday, April 12, 2021
Tags Money market

Tag: Money market

China’s Money Market Fund Assets Expand to Record-breaking $880 Billion

Money market fund assets expanded to a record-breaking size at the end of July following six consecutive months of increase. The latest data from the...

World’s Biggest Money Market Fund Channels 80% of Investment towards Chinese Banks

The latest quarterly report from Alibaba affiliate Yu'E Bao indicates that the world's biggest money market fund is channelling the vast majority of its...

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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....