China
Four foreign banks tap into digital yuan market
Standard Chartered and HSBC enable clients in mainland China to access e-CNY services
ECB paper analyses impact of Chinese financial shocks
“China shocks” affect global commodities and equities, but less than US equivalents, researchers find
China appoints head of foreign exchange regulator
Veteran banking executive Zhu Hexin to lead Safe in latest change among senior financial officials
Chinese premier Li Qiang becomes CFC head
Former PBoC deputy governor likely to lead foreign exchange regulator, reports say
China and Saudi Arabia set up currency swap line
Three-year swap line will provide liquidity to both sides of up to $6.98 billion
Chinese regulators grant Mastercard bank card licence
PBoC gives US firm approval to issue yuan-denominated cards after Xi-Biden meeting
Foreign real estate investment increases employment – research
The authors found the properties are often left empty, but drive up home values and employment
PBoC increases liquidity as China acts on local debt
Central bank may cut lenders’ reserve requirement ratio soon, analysts say
US-China trade is falling, Fed researchers find
Fall driven by advanced technology trade, but other US allies are not following suit, paper finds
China slides back into deflation
Falling pork prices are a major drag on consumer prices
Chinese vice-premier He Lifeng appointed to key financial roles
Veteran party official to lead new bodies overseeing China’s economic policy
Digital yuan used to settle crude oil trade
Chinese oil company Petro China reportedly bought one million barrels of crude oil in digital yuan
China vows long-term strategy to resolve local debt risks
Officials stress need to strengthen Communist party control over China’s financial sector
Court grants Evergrande five more weeks to avert liquidation
Hong Kong court gives Chinese developer until December 4 to revise restructuring plan
China sets up renminbi clearing bank in Laos
New currency clearing arrangement is China’s fifth in South-east Asia
China boosts support for economy with new debt issuance
The central government will issue one trillion yuan in bonds in the fourth quarter
Public trust: the role of the private sector in exploring digital currency
Digital currencies that effectively protect financial privacy in lawful transactions will garner enduring confidence in the highly integrated networks of the future, argue J Christopher Giancarlo and Daniel Gorfine
Default fears loom over Country Garden
The Chinese developer reportedly missed a final deadline to repay $15.4 million in interest
Book notes: Economists in the cold war, by Alan Bollard
A geographically balanced review of key economists that shaped the world economy
PBoC asks banks to roll over local government debt
Major lenders reportedly told to extend loans to local government financing vehicles at lower rates
IMF hits PRGT milestone but quota deal remains elusive
US wants to maintain voting shares as China continues to press for more proportional allocation
China SWF buying bank shares on Shanghai exchange
Central Huijin was created in 2003 to address domestic banking crisis
Inflation set to remain high into 2025, IMF warns
Soft landing looks more likely but growth is “limping along”, says Pierre-Olivier Gourinchas
Chinese prosecutors charge ex-PBoC official with taking bribes
Central bank fired deputy governor Fan Yifei in December