Bank of China

Cybersecurity firm CrowdStrike says a suspect believed to be a 26-year-old based in China used AI tools to carry out cyberattacks on South Korean banks. The report links the intrusions to a single individual who allegedly leveraged artificial intelligence to assist the hacking operations, highlighting growing concern over AI-enabled cybercrime and its implications for financial institutions and regional cybersecurity.

A widely shared commentary argues that in a post-dollar, digital currency world tied to gold, thousands of bank branches will become obsolete. It claims China is leading this transition through its central bank digital currency without triggering chaos or manufactured crises, and praises Xi Jinping as one of the world's most mature leaders.

China's central bank has publicly defended its currency policy days before trade talks with the European Union. The statement pushes back against criticism that the yuan is being managed to give Chinese exporters an unfair advantage. Officials are seeking to frame exchange rate policy as stable and market-based ahead of negotiations that could touch on currency practices, trade imbalances and market access for European firms.

The People's Bank of China has set out its position on the renminbi's exchange rate, offering detail on how it views the currency's value and movements. The statement matters for markets watching the yuan against a strong dollar, as traders look for signals on whether authorities will defend the currency or allow greater flexibility.

The People's Bank of China purchased 21 tonnes of gold in September, its largest monthly buying in three years. The move signals continued efforts by Beijing to diversify reserves away from the US dollar and reflects strong central bank demand for bullion worldwide, a key driver behind elevated gold prices. Market watchers are weighing whether sustained Chinese buying points to hedging against geopolitical and financial risks or a longer-term strategy to boost gold's share of reserves.

China's central bank has acknowledged that the country is in a "new normal" economic phase, a shift being read as an admission that China today is no longer the high-growth economy it once was. Discussion is focusing on what slower growth means for China's outlook and for the global economy.

China's central bank has forcefully rejected accusations that it manipulates its currency, speaking out just as trade negotiations between Beijing and the European Union get underway. Thedenial signals Chinese sensitivity over exchange-rate criticism at a delicate moment for trade relations, and the timing suggests officials want the currency question off the table before talks progress.

China's central bank says the country has no need or intention to weaken the yuan to gain an advantage in trade. The statement, carried widely across US news outlets, comes amid ongoing scrutiny of the currency's movements and their role in China's trade position. Officials appear to be pushing back against suggestions that Beijing is managing the exchange rate for export competitiveness.

The People's Bank of China reported another increase in its gold reserves for September, continuing its extended buying streak even as gold prices soften. The purchases signal Beijing's ongoing effort to diversify its reserves away from the dollar, and traders are watching whether continued central bank demand can support bullion through the price pullback.

China's currency is failing to make further inroads as a global reserve asset. Despite Beijing's long-running push to internationalise the yuan, central banks worldwide appear reluctant to shift reserves away from the dollar and euro, leaving the currency's global share stalled.

Central banks bought a net 39 tonnes of gold in August, led by China, Uzbekistan and Poland, according to World Gold Council data. Continued official-sector buying underscores ongoing interest in gold as a reserve asset, even at high prices, and keeps attention on which countries are expanding their bullion holdings.

China has closed a record 670 banks in a sweeping consolidation of its financial sector, according to the headline making the rounds. The move is described as a major push to merge smaller lenders, many of them struggling rural institutions, into larger entities. Commenters are weighing what the record closures signal about stress in the country's banking system and regulators' plans for further restructuring.

Hong Kong officials are questioning HSBC's decision to base its global artificial intelligence hub in Singapore rather than Hong Kong. The choice is being read as more than a jobs issue: it signals Singapore's strengthening position as the city where global banks prefer to build future capabilities, adding to an ongoing rivalry between the two Asian financial centres over tech and talent.

Kling, a Chinese artificial intelligence startup focused on AI-generated video, has selected banks to work on a stock market listing valued at more than $1 billion, according to Bloomberg. The move positions the company among a wave of Chinese AI firms seeking public listings as investor interest in generative video technology grows.

Asia's central banks are being cast as 'bond vigilantes' amid rising tension with the Trump administration, potentially selling or trimming US Treasury holdings to pressure Washington. The report highlights how countries such as Japan and China, among the largest foreign creditors of the United States, hold significant leverage over American borrowing costs and could use it as a policy weapon.

China has shut hundreds of banks as part of an effort to strengthen its financial system. The consolidation affects small rural and village lenders, which have struggled with bad loans and weak balance sheets, and reflects regulators' push to merge smaller institutions into larger, more stable banks. Observers are watching what the closures mean for depositors, local lending and the health of China's wider banking sector.

The chair of the House committee on China is calling on the Federal Reserve to review Hong Kong's access to the dollar, a lifeline underpinning the city's currency peg and its role as a global financial centre. The appeal raises questions about how US-China tensions could extend into monetary and banking arrangements between the two economies.

Reports say China is closing hundreds of banks, prompting debate over whether the banking shake-up could push investors toward Bitcoin or signal deeper financial stress in the country. Commentators in crypto circles are weighing possible effects on demand for Bitcoin and broader market sentiment.

U.S. cybersecurity firm CrowdStrike says the suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province. The attribution is drawing attention because it links attacks on South Korean banks and financial institutions to an individual reportedly operating from Chinese territory, raising questions about cross-border cybercrime and cooperation between Seoul, Washington and Beijing.

The People's Bank of China stated that the market determines the yuan's exchange rate, a reaffirmation of the country's currency policy. The statement, reported by China Daily, signals the central bank's position on how the renminbi is valued, drawing attention amid ongoing debate over China's currency management and its implications for trade and global markets.

China's central bank has stated that the country has no intention of gaining trade advantages by depreciating the exchange rate. The declaration comes amid ongoing scrutiny of the yuan's value and its role in China's trade relations, with the bank moving to reassure trading partners and markets that Beijing is not pursuing a weak-currency strategy to boost exports.

China's central bank has announced an unexpected interest rate cut alongside new mortgage subsidies, in a fresh effort to stimulate the country's slowing economy. The surprise move is aimed at supporting the struggling property sector and boosting household borrowing as growth momentum weakens.

The People's Bank of China has increased its gold reserves for the twenty-third consecutive month, extending one of the longest sustained buying streaks by any major central bank. The continued accumulation is being read as part of a broader effort by Beijing to diversify away from the US dollar and hedge against geopolitical and financial risks. Analysts say the steady purchases have provided underlying support for global gold prices.

China has produced a reality television show centred on finance interns, following young hopefuls competing in the high-pressure world of investment banking and trading. The show has drawn wide attention for turning the country's intensely competitive white-collar job market into entertainment, with viewers debating what it reveals about youth career anxiety and the prestige of finance careers in China.

China is shutting down hundreds of banks as part of an effort to strengthen its financial system. The closures, reported by the Financial Times, are part of a broader consolidation of the country's banking sector, with smaller institutions being merged or wound down amid concerns over bad loans and financial stability.

The Atlantic Council is examining how the Bretton Woods system of global economic governance is being reshaped by today's geopolitical rivalries. The discussion centers on how trade, sanctions, currency arrangements and development finance are increasingly used as tools of statecraft, prompting calls to rethink institutions such as the IMF and World Bank for a more fragmented world economy.

Hong Kong's stock market edged lower in a quiet session, with property and financial companies leading the decline. Thin trading volumes suggest investors were holding back rather than making large moves. The dip follows broader concerns about the health of China's property sector and its impact on Hong Kong-listed developers and banks.

Heavy gold purchases by China's and Poland's central banks are being credited with establishing a price floor around $4,000 per ounce. Sustained official-sector demand is viewed as a key support for bullion prices, with analysts watching whether other central banks follow suit as reserves shift away from the dollar.