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'Red Roulette': Tell-All Book Reveals the Dark Underbelly of China's Gilded Age – The Diplomat thediplomat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.com Daily Mail and Mail on Sunday newspapers.
China's banking and insurance sector will accelerate the development of green finance and provide comprehensive financial services to assist in the country's transition toward a greener and low-carbon economy, regulatory officials said. ....
With Lunar New Year Approaching, China Tightens Travel Restrictions Due to CCP Virus In the northeastern city of Changchun, sources said that local authorities were underreporting the outbreak. On Feb. 4, the Party secretary of the First Hospital of Jilin University in Changchun, Lü Guoyue, announced to the public that the facility sent out 314 medical staff to take over the Changchun Infectious Disease Hospital, a hospital designated to treat COVID-19 patients since Jan. 25. Chinese-language Epoch Times’ columnist and China affairs commentator Zhou Xiaohui said sources in Changchun told him that the Changchun infectious disease hospital had its staff replaced because they had to be quarantined following several positive COVID-19 diagnoses among them. ....
Provinces Kick Off Local Bank Bailouts With Initial $7.8 Billion Injection China’s local governments have been charged with cleaning up the problems at banks under their jurisdiction. China’s strategy to beef up weak local banks and provide them with funds to increase lending has taken a step forward with five provincial governments raising 50.6 billion yuan ($7.84 billion) over the past month through the sale of special-purpose bonds (SPBs) after the State Council gave the policy the Guangdong kicked off the fundraising on Dec. 7 with the sale of a 10 billion yuan SPB. Zhejiang and Shanxi provinces, and the autonomous regions of Guangxi Zhuang and Inner Mongolia have also sold debt, bond filings show. ....
Hong Kong s banking, financial systems remain robust, vibrant: official (Xinhua) 10:00, December 23, 2020 HONG KONG, Dec. 22 (Xinhua) Notwithstanding the challenges brought by the COVID-19 and the external environment over the past year, Hong Kong s banking system had remained robust, the Linked Exchange Rate System had been operating smoothly, and financial activities had stayed vibrant, said Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA). Yue made the comments while having annual meetings with the mainland financial regulators on Dec. 17, 21 and 22, which were held via video conference this year owing to the COVID-19 situation. Yue led the delegation of Hong Kong Association of Banks (HKAB) to meet with Yi Gang, the governor of the People s Bank of China, Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission and Fang Xinghai, vice chairman of the China Securities Regulatory Commission respectively t ....