
Ding Feng
Articles
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5 days ago |
caixinglobal.com | Ding Feng |Zhu Liangtao |Qing Na
Explore the story in 3 minutesThe Chinese yuan’s ranking as a global payment currency dropped to sixth place in May 2025, its lowest position in four years and the second month in a row of decline, according to the monthly SWIFT tracker. The currency’s share of global payments fell to 2.89%—a nearly two-year low—from 3.5% in April. The total value of yuan payments also saw a sharp 23% month-on-month decrease.
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3 weeks ago |
caixinglobal.com | Zhu Liangtao |Ding Feng |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Citigroup is to slash 3,500 technology jobs in China, a sweeping move that has drawn renewed attention to the retreat of foreign financial institutions from the world’s second-largest economy. In a statement released Thursday, the American investment bank said it would streamline its global technology solutions centers in Shanghai and Dalian, cutting staff before the fourth quarter of 2025.
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3 weeks ago |
caixinglobal.com | Ding Feng |Zhang Yuzhe |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x In the spring of 2019, a quiet but historic event shook China’s banking sector: Baoshang Bank collapsed. It was the first true bank failure in the country since the founding of the People’s Republic, and the first real test of a deposit insurance system created four years earlier. That test would define the future of financial risk management in China.
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1 month ago |
caixinglobal.com | Qing Na |Ding Feng |Wang Shiyu |Wu Xiaomeng
Explore the story in 3 minutesThe Chinese government has intensified its support for exporters through two expanded trade credit insurance programs to counter increasing uncertainties in the country’s export sector, primarily amid the ongoing tariff war with the United States.
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1 month ago |
caixinglobal.com | Ding Feng |Liu Ran |Denise Jia
Explore the story in 3 minutesChina's personal lending market is facing severe distress as of 2025, with branch managers of major state-owned banks actively pursuing clients to pay at least the interest on their loans to prevent defaults. The pressures have intensified from concerns in early 2024 into a crisis involving housing mortgages, consumer credit, credit card debt, and small business loans—all experiencing delinquency rates unseen since the 2008 financial crisis.
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