Pan Gongsheng

New Business

China’s risky shadow banks back in spotlight after Beijing’s debt crackdown

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap…

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New Business

China’s central bank vows to stamp out ‘illegal activities’ like trading in stablecoins

Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing to stamp…

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New Business

Opinion | China needs high-quality financial development to support its five-year goals

President Xi Jinping’s speech at the fourth plenum of the Communist Party’s Central Committee last month outlined the guidelines for…

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Solana event in China cut short as Beijing’s stablecoin warning sparks unease

A Solana-themed event in southern China that was cut short after a local policy inquiry has raised concerns in the…

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New Business

China doubles down on crypto crackdown as central bank vows to expand digital yuan

China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing…

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China expands ‘circle of friends’ as overseas investors boost domestic assets

China’s top financial officials said the country’s assets have become much more attractive to overseas capital in the past year…

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China eyes honing its bond issuance mechanism to boost yuan’s global role

China’s central bank and finance ministry have discussed creating a better mechanism for issuing sovereign debt overseas, as Beijing eyes…

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What are China’s ‘future industries’ – and why they matter in the global tech race

As the dust barely settles on “Made in China 2025”, Beijing is intensifying its quest for technological supremacy with a…

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Breaking | Mainland China, Hong Kong launching Payment Connect scheme to facilitate capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move…

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New Business

China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington…

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