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?itok=NR4JyLoM

New rules to cut wasteful government spending and projects are ‘most stringent’ since austerity drive first launched in 2013, observer says.

https://www.scmp.com/news/china/politics/article/3310948/chinas-fresh-belt-tightening-push-takes-aim-white-elephants-joyrides-lavish-meals?utm_source=rss_feed

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?itok=tvBYXCkY

The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.

https://www.scmp.com/business/banking-finance/article/3302433/chinas-4-golden-flowers-how-beijing-invests-its-us32-trillion-reserves?utm_source=rss_feed

nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgq602nll7gsn3uy643hcjkgauy99fzuwqhu9l3554nq5ad4g32wgvgsytrw

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Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.

https://www.scmp.com/business/banking-finance/article/3302431/safe-hands-chinas-secret-plan-us1-trillion-reserves-fund-hong-kong?utm_source=rss_feed