China now has 7 of world’s 10 biggest banks as Beijing’s financial ambitions grow
China’s “big four” state-run banks are the largest in the world in terms of asset scale, a new…
More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery
Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and…
As global yuan use expands, questions resurface about China’s world-leading forex reserves
A report from a leading Beijing university has revived discussions about the “optimal size” of China’s foreign exchange…
Chinese province floats new use for digital yuan: paying long-delayed debts
China is mulling the application of its digital yuan – the central bank-backed currency also known as the…