Tuesday, December 1, 2020
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Tag: Xiao Yaqing

SASAC Denies that China’s State-owned Enterprises Are Too Strong

The head of the State-owned Assets Supervision and Administration Commission (SASAC) has rebuffed claims that China's state-owned enterprises (SOE) are too large or wield...

SASAC Will Drive Overseas Expansion of China’s Central State-owned Enterprises

The head of China's State-owned Assets Supervision and Administration Commission (SASAC) says that it will push for further overseas expansion of the country's central...

Central State-owned Enterprise Debt Under Control at 36.1tn Yuan: SASAC

The head of the State-owned Assets Supervision and Administration Commission (SASAC) says that the debt levels of China's central state-owned enterprises are "under control...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...