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People’s Bank of China

China property: Beijing’s stimulus plan needs more time, money and policy support to resolve long-standing housing crisis

by Anas Siddiqui
China property: Beijing’s stimulus plan needs more time, money and policy support to resolve long-standing housing crisis

On Friday, Longfor Group Holdings surged 11 per cent to HK$15.30 and China Overseas Land and Investment jumped 4.4 per cent to HK$16.52. China’s CSI 300 Real Estate index of …

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Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required

by Anas Siddiqui
Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required

“We are delighted that Hong Kong, being the first place to conduct a cross-boundary e-CNY pilot, has also become the first place outside mainland China that enables its residents to …

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Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers

by Anas Siddiqui
Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers

Chinese Vice-Premier He Lifeng called on local governments to purchase undeveloped land and unsold homes from property developers in a strong signal of Beijing’s determination to rescue the property sector …

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China credit engine goes into reverse, piles pressure on Beijing

by Anas Siddiqui
China credit engine goes into reverse, piles pressure on Beijing

If the central bank is struggling to steer loans towards consumers and companies, there are ways it can support fiscal spending instead. Analysts expect the PBOC to slash its reserve …

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China is paying some workers in digital yuan – but few are choosing to use it

by Anas Siddiqui
China is paying some workers in digital yuan – but few are choosing to use it

A year ago, Changshu, a county-level city under the jurisdiction of Suzhou, took the lead by paying all public sector workers in digital yuan, and Lin’s employer followed suit months …

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Official of China’s securities watchdog under investigation for ‘serious violation’ amid uptick in market regulation

by Anas Siddiqui
Official of China’s securities watchdog under investigation for ‘serious violation’ amid uptick in market regulation

An official with China’s securities regulator, who also directed a research institute within China’s central bank, is under investigation for “serious violation of discipline and law”, days after directives from …

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Shining example: how China is propelling gold’s record-breaking rally

by Anas Siddiqui
Shining example: how China is propelling gold’s record-breaking rally

Gold’s rise to all-time highs above US$2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and centre …

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China’s gold markets under strain as horde of new buyers hunts for stable investment

by Anas Siddiqui
China’s gold markets under strain as horde of new buyers hunts for stable investment

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold …

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Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

by Anas Siddiqui
Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk that it unleashes a chain reaction rocking emerging- and developed-market …

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China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

by Anas Siddiqui
China pledges US billion in credit backing for tech after resurrecting dormant financial tools

The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, …

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