Wednesday, October 28, 2020
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China Defenceless Against Debt Crisis If Financial Sector Opened: Michael Pettis

A leading expert on the Chinese economy says opening of the finance sector could leave regulators defenceless against a debt-induced crisis. China's central government has...

Central Bank Chief Says Opening of Finance Sector Key to Prevention of Systemic Risk

The head of the People's Bank of China said that reform and opening of the country's financial sector is the key to prevention of...

Caixin Editor Calls for One Belt One Road to Spur China’s Economic Openness

The editor-in-chief of one of China's most influential business media outlets has called for the country to use the One Belt One Road as an...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...