Category: Bank of China

ANALYSIS: China’s Economy Stuck in Deeper Crisis Due to More State Interventions

July 1, 2023
Asia & Pacificbad debtsBank of ChinaBusiness & MarketsChina Business & EconomyChina NewsChinese Yuaneconomic policieseconomyrmbstock marketWorld
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News Analysis The devaluation of China’s currency, the yuan, has plummeted to its lowest point this year due to failed government interventions amid the economic depression. More money issued by the Communist Party’s financial institutions will be used as a government hedge against the collapse of the banking and financial system, shifting the country’s debt…

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New Property Records Reveal Beijing’s Buy-Up of London’s Financial District

February 23, 2023
Bank of ChinaCCPChinaChinese Communist PartyFinancial Districtovershore accountsPeople’s Bank of ChinaUKUK propertyWorld
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Newly released records showing overseas ownership of UK property reveal, for the first time, China’s strengthening grip on London’s financial district. Documents released under Britain’s brand new register of overseas entities—and analysed by The Epoch Times—reveal how the Chinese regime has ploughed millions into commercial and residential properties in the affluent area using offshore companies….

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Hunter Biden Used Burner Phone and Data Recovery Apps: Former US Secret Service Agent

May 27, 2022
Bank of ChinaBeau BidenExecutive BranchHunter BidenJoe BidenPoliticsUSUS News
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Data recovered from Hunter Biden’s abandoned laptop have shown that the president’s son reportedly used burner phone apps extensively from 2014 to 2018, and a data recovery app to extract data from iPhones owned by Hallie Biden, the widow of his late brother Beau. The discovery was made by Konstantinos “Gus” Dimitrelos, retired U.S. secret…

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Corrupt CCP Officials Lose ‘Money Hideaway’ as Swiss Banking Secrecy Ends

January 6, 2022
Asia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeSwiss bankWorld
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News Analysis The Swiss Federal Tax Administration (FTA) has almost completed its transfer of offshore customer information to hundreds of countries and territories, signifying that Switzerland—the world’s largest offshore financial center—has abandoned its three-centuries-old system of keeping bank customer’s information secret, and ending its use as a safe haven for the illegal funds of terrorists…

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Corrupt CCP Officials Lose Avenue to Stash Ill-Gotten Gains After Swiss Banking Secrecy Ends

January 6, 2022
AnalysisAsia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeOpinionSwiss bankWorld
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News Analysis The Swiss Federal Tax Administration (FTA) has almost completed its transfer of offshore customer information to hundreds of countries and territories, signifying that Switzerland—the world’s largest offshore financial center—has abandoned its three-centuries-old system of keeping bank customer’s information secret, and ending its use as a safe haven for the illegal funds of terrorists…

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