China Minsheng Bank , has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the ...

The largest banks in the world are a different breed than the thousands of smaller regional and local financial institutions.

From his early days at the State Administration of Foreign Exchange, or SAFE, to his current business leadership role in the ...

As of July 2024, the Asian nation owned $776.5 billion in Treasuries ... which increases the USD supply and raises the demand for RMB. China's central bank, the People’s Bank of China (PBOC ...

Traders are seeing a surge in trading of some Chinese special government bonds mostly owned by the central bank, a sign that ...

As cross-border business becomes more complicated, China's finance industry is abuzz over possible workarounds, says one ...

The Bank of China, one of the country’s main state-owned lenders, is now allowing American clients to open accounts in renminbi and trade in the currency, another step in China’s effort to ...

China's financial sector has serious heartburn. For decades, Beijing has leaned on its state-controlled banks to turbo-charge ...

Chinese authorities have banned PwC China for six months and fined it Rmb441mn ($62mn) after saying staff had “concealed or ...

This is part of other measures under President Xi Jinping’s years-long common prosperity campaign. Read more at straitstimes.com.

The public investigation and prosecution of corruption at such a scale occurred against the backdrop of widening inequality ...