Xi Jinping is aware he needs Fintechs to support China's economy

Jun 25, 2022

Beijing [China], June 25 : Chinese Premier slammed the weaponization of the global financial system and vowed to meet domestic growth goals, and called...

China's property market woes risk fate of financial system

Aug 29, 2022

Hong Kong, August 29 : China's property market continues to witness a downward trend as a series of mainland developers report sharp slowdowns and...

Fear grips Beijing over possibility of Washington cutting off China's access to US dollar system

Jul 24, 2020

Beijing [China], July 24 : The United States' willingness to reduce or completely cut off China's access to the US dollar system -- Swift...

ADB becomes observer of Network for Greening the Financial System

Jul 03, 2020

Manila [The Philippines], July 3 : The Asian Development Bank (ADB) has joined the central banks and supervisors Network for Greening the Financial System...

Myanmar to join Russia's financial messaging system

Jun 18, 2022

Saint Petersburg [Russia], June 18 : As Myanmar intends to join Russia's financial messaging system (FMS), the central banks of the two countries are...

Chinese banks might lose over USD 300 billion

Aug 02, 2022

Beijing [China], August 2 : Chinese banks might lose over USD 300 billion as the country continues to grapple with an economic slowdown and...