Frank Tang

Beijing

Frank Tang

Reporter, Finance

Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis.

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Latest from Frank Tang

China’s Shenzhen sees cross-border yuan use jump to record level in 2020

Shenzhen’s cross-border yuan payments rose 46 per cent to 2.5 trillion yuan (US$386 billion) last year, a positive sign for China in its global currency push.

Shenzhen’s cross-border yuan payments rose 46 per cent to 2.5 trillion yuan (US$386 billion) last year, a positive sign for China in its global currency push.

China’s Shenzhen sees cross-border yuan use jump to record level in 2020
5 Mar 2021 - 5:30PM
China’s small businesses need ‘supportive policies’ to survive after closures tripled last year amid coronavirus

A study found that the rate of small business closures in China last year almost tripled to 18.5 per cent compared to a year earlier in the aftermath of the coronavirus outbreak.

A study found that the rate of small business closures in China last year almost tripled to 18.5 per cent compared to a year earlier in the aftermath of the coronavirus outbreak.

China’s small businesses need ‘supportive policies’ to survive after closures tripled last year amid coronavirus
4 Mar 2021 - 7:00PM
Explainer | China ‘two sessions’: what you need to know about the government’s 2021 work report and why it’s important

China’s Premier Li Keqiang will deliver the annual government work report to nearly 3,000 delegates of the National People’s Congress as part of the ‘two sessions’ in Beijing on Friday.

China’s Premier Li Keqiang will deliver the annual government work report to nearly 3,000 delegates of the National People’s Congress as part of the ‘two sessions’ in Beijing on Friday.

China ‘two sessions’: what you need to know about the government’s 2021 work report and why it’s important
4 Mar 2021 - 6:31PM
China’s top banking regulator sees surge of bad loans in 2021 as effects of coronavirus bite

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, says it is ‘inevitable’ the number of bad loans will rise this year due to the pandemic.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, says it is ‘inevitable’ the number of bad loans will rise this year due to the pandemic.

China’s top banking regulator sees surge of bad loans in 2021 as effects of coronavirus bite
3 Mar 2021 - 11:18AM
Bitcoin mining in northern Chinese province to be halted amid energy-saving push

Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, but China has pledged to achieve carbon neutrality in 2060.

Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, but China has pledged to achieve carbon neutrality in 2060.

Bitcoin mining in northern Chinese province to be halted amid energy-saving push
1 Mar 2021 - 8:00PM
China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as debt risks loom

Scaling back economic stimulus would align with Beijing’s call for balancing development and security, with efforts focused on curbing “grey rhino” risks that could threaten China’s financial system.

Scaling back economic stimulus would align with Beijing’s call for balancing development and security, with efforts focused on curbing “grey rhino” risks that could threaten China’s financial system.

China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as debt risks loom
1 Mar 2021 - 1:25PM
China forex regulator calls for greater oversight of overseas entities, but avoid ‘US-style financial hegemony’

The State Administration of Foreign Exchange says legislation ‘must avoid US-style financial unilateralism’, embrace multilateral cooperation and focus on Chinese firms overseas.

The State Administration of Foreign Exchange says legislation ‘must avoid US-style financial unilateralism’, embrace multilateral cooperation and focus on Chinese firms overseas.

China forex regulator calls for greater oversight of overseas entities, but avoid ‘US-style financial hegemony’
24 Feb 2021 - 6:15PM
Coronavirus: outbreak in Cambodia’s Chinese community prompts official warning

More than 30 Chinese citizens test positive for pathogen during medical assessments for overseas travel.

More than 30 Chinese citizens test positive for pathogen during medical assessments for overseas travel.

Coronavirus: outbreak in Cambodia’s Chinese community prompts official warning
21 Feb 2021 - 9:58PM
Chinese investors look south to Hong Kong as outflow rules ease

Strong outflow of capital driven by China’s strong post-coronavirus recovery and greater financial opening up.

Strong outflow of capital driven by China’s strong post-coronavirus recovery and greater financial opening up.

Chinese investors look south to Hong Kong as outflow rules ease
21 Feb 2021 - 11:04PM
China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies

China is poised to withdraw its 9 trillion yuan (US$1.4 trillion) stimulus rolled out last year to fight the coronavirus and help affected businesses.

China is poised to withdraw its 9 trillion yuan (US$1.4 trillion) stimulus rolled out last year to fight the coronavirus and help affected businesses.

China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies
19 Feb 2021 - 4:57PM
China unveils plan to transform manufacturing sector with internet of things

China plans to modernise its manufacturing sector to ensure its global competitiveness with advancements in 5G, cloud computing and the internet of things.

China plans to modernise its manufacturing sector to ensure its global competitiveness with advancements in 5G, cloud computing and the internet of things.

China unveils plan to transform manufacturing sector with internet of things
18 Feb 2021 - 8:30PM
US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure

Former US Federal Reserve chair Janet Yellen was sworn in as the new treasury secretary for the Biden administration at a time of appreciation pressure on the value of China’s yuan.

Former US Federal Reserve chair Janet Yellen was sworn in as the new treasury secretary for the Biden administration at a time of appreciation pressure on the value of China’s yuan.

US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure
5 Feb 2021 - 7:15PM
China’s rust-belt province of Liaoning merges 12 local banks into one ‘first-class’ bank as bad loans mount

Merger will establish a ‘first-class urban commercial bank’ that absorbs the dozen existing local banks on ‘market-oriented’ and ‘law-based’ principles, according to China’s central bank.

Merger will establish a ‘first-class urban commercial bank’ that absorbs the dozen existing local banks on ‘market-oriented’ and ‘law-based’ principles, according to China’s central bank.

China’s rust-belt province of Liaoning merges 12 local banks into one ‘first-class’ bank as bad loans mount
28 Jan 2021 - 11:15PM
China’s moves to curb market speculation are not ‘abrupt’ exit from coronavirus stimulus

The People’s Bank of China (PBOC) offered a far lower amount of new liquidity on Tuesday, raising speculation that it may have a reduction of coronavirus stimulus given forecasts for strong economic growth.

The People’s Bank of China (PBOC) offered a far lower amount of new liquidity on Tuesday, raising speculation that it may have a reduction of coronavirus stimulus given forecasts for strong economic growth.

China’s moves to curb market speculation are not ‘abrupt’ exit from coronavirus stimulus
27 Jan 2021 - 11:00PM
China-EU investment deal allows for arbitration to settle disputes, documents show

Comprehensive Agreement on Investment has been hailed as a breakthrough in the China-EU relationship, which has been fraught with trade disputes.

Comprehensive Agreement on Investment has been hailed as a breakthrough in the China-EU relationship, which has been fraught with trade disputes.

China-EU investment deal allows for arbitration to settle disputes, documents show
23 Jan 2021 - 9:22PM
China’s small businesses in ‘urgent need’ of support to protect jobs and boost domestic demand, State Council says

Alleviating hardships facing SMEs is now higher on the central government’s agenda, largely due to risks posed to social instability and China’s future development.

Alleviating hardships facing SMEs is now higher on the central government’s agenda, largely due to risks posed to social instability and China’s future development.

China’s small businesses in ‘urgent need’ of support to protect jobs and boost domestic demand, State Council says
22 Jan 2021 - 10:36PM
China revamps trade negotiation team ahead of possible fresh talks with Biden administration

Analysts believe a pragmatic and rule-respecting Biden administration will soon resume contact with Beijing and eventually bring the United States back to the negotiating table.

Analysts believe a pragmatic and rule-respecting Biden administration will soon resume contact with Beijing and eventually bring the United States back to the negotiating table.

China revamps trade negotiation team ahead of possible fresh talks with Biden administration
21 Jan 2021 - 12:38AM
China’s Xi Jinping to discuss coronavirus-era challenges with Merkel, Suga and Modi at virtual Davos

Xi Jinping is expected to emphasise China’s success in combating the coronavirus and call for international cooperation on the pandemic and climate change.

Xi Jinping is expected to emphasise China’s success in combating the coronavirus and call for international cooperation on the pandemic and climate change.

China’s Xi Jinping to discuss coronavirus-era challenges with Merkel, Suga and Modi at virtual Davos
20 Jan 2021 - 9:14AM
China GDP: economy set to confirm recovery from coronavirus, but new cases cloud outlook

China’s gross domestic product (GDP) is expected to have grown by 2.1 per cent in 2020, the lowest growth rate in 44 years, due to the impact of the coronavirus.

China’s gross domestic product (GDP) is expected to have grown by 2.1 per cent in 2020, the lowest growth rate in 44 years, due to the impact of the coronavirus.

China GDP: economy set to confirm recovery from coronavirus, but new cases cloud outlook
15 Jan 2021 - 10:46PM
China’s credit tightening measures to put pressure on property, local government financing vehicles

Despite calls from some officials and analysts for a continued accommodative monetary stance to aid economic recovery, the central bank’s decision follows Beijing’s orders to stabilise the nation’s rising debt level.

Despite calls from some officials and analysts for a continued accommodative monetary stance to aid economic recovery, the central bank’s decision follows Beijing’s orders to stabilise the nation’s rising debt level.

China’s credit tightening measures to put pressure on property, local government financing vehicles
14 Jan 2021 - 9:44AM
China’s new rules on ‘unjustified’ foreign laws bolster ability to strike back at US long-arm jurisdiction

China’s new regulations are widely seen as a response to escalating tensions with the US, which has targeted Chinese businesses like Huawei with trade action.

China’s new regulations are widely seen as a response to escalating tensions with the US, which has targeted Chinese businesses like Huawei with trade action.

China’s new rules on ‘unjustified’ foreign laws bolster ability to strike back at US long-arm jurisdiction
14 Jan 2021 - 9:39AM
China’s railway investment loses steam as government turns from debt-fuelled building boom

China’s railway investment is expected to fall this year as the government focuses on employment, education, social welfare and public health following the coronavirus pandemic.

China’s railway investment is expected to fall this year as the government focuses on employment, education, social welfare and public health following the coronavirus pandemic.

China’s railway investment loses steam as government turns from debt-fuelled building boom
12 Jan 2021 - 10:41AM
China’s forex reserves strategy to be ‘dynamically optimised’ amid uncertain external conditions

Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts.

Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts.

China’s forex reserves strategy to be ‘dynamically optimised’ amid uncertain external conditions
8 Jan 2021 - 10:53PM
China’s fintech platforms face increased scrutiny amid broader regulatory efforts to rein in financial risks

Fresh comments by People’s Bank of China are the latest example of how Beijing’s increasing focus on financial security is reshaping the world’s second-largest economy and second-largest capital market.

Fresh comments by People’s Bank of China are the latest example of how Beijing’s increasing focus on financial security is reshaping the world’s second-largest economy and second-largest capital market.

China’s fintech platforms face increased scrutiny amid broader regulatory efforts to rein in financial risks
8 Jan 2021 - 12:17AM
China moves to curb yuan rally pressure due to hot money and export concerns

Changes announced by China’s central bank this week indicate a pivot in the government’s attitude towards outflows, at least in part, due to the yuan’s sharp rise since May.

Changes announced by China’s central bank this week indicate a pivot in the government’s attitude towards outflows, at least in part, due to the yuan’s sharp rise since May.

China moves to curb yuan rally pressure due to hot money and export concerns
6 Jan 2021 - 11:40PM
China’s state monopolies cast a big shadow over private enterprise, but will antitrust law and vows of reform help?

Chinese officials say state-owned firms must step up in nation’s push to become more self-reliant amid external pressures, while vowing to promote competition neutrality for state, private and foreign investors.

Chinese officials say state-owned firms must step up in nation’s push to become more self-reliant amid external pressures, while vowing to promote competition neutrality for state, private and foreign investors.

China’s state monopolies cast a big shadow over private enterprise, but will antitrust law and vows of reform help?
6 Jan 2021 - 12:46PM
China to relax rules on cross-border yuan use, as currency hits 30-month high against US dollar

China will seek to capitalise on continued strong overseas demand for the yuan by loosening the rules on its international usage in February.

China will seek to capitalise on continued strong overseas demand for the yuan by loosening the rules on its international usage in February.

China to relax rules on cross-border yuan use, as currency hits 30-month high against US dollar
6 Jan 2021 - 12:33PM
China’s Xi Jinping vows new push to revitalise rural economy in post-coronavirus world of uncertainty

Boosting rural incomes and improving efficiency in the agricultural sector will be priorities for China next year, Xi Jinping says.

Boosting rural incomes and improving efficiency in the agricultural sector will be priorities for China next year, Xi Jinping says.

China’s Xi Jinping vows new push to revitalise rural economy in post-coronavirus world of uncertainty
30 Dec 2020 - 11:33PM
China to develop ‘national team’ of state-owned giants, but efficiency concerns linger

China Baowu Steel Group became the world’s largest steelmaker last week, highlighting Beijing’s goal of creating a ‘national team’ of globally competitive state-owned enterprises.

China Baowu Steel Group became the world’s largest steelmaker last week, highlighting Beijing’s goal of creating a ‘national team’ of globally competitive state-owned enterprises.

China to develop ‘national team’ of state-owned giants, but efficiency concerns linger
29 Dec 2020 - 10:58PM
China’s P2P purge leaves millions of victims out in the cold, with losses in the billions, as concerns of social unrest swirl

The shroud over peer-to-peer lending firms has fallen, and China’s banking regulator says all such platforms across the country have ceased operations – but countless billions are already feared lost.

The shroud over peer-to-peer lending firms has fallen, and China’s banking regulator says all such platforms across the country have ceased operations – but countless billions are already feared lost.

China’s P2P purge leaves millions of victims out in the cold, with losses in the billions, as concerns of social unrest swirl
29 Dec 2020 - 7:01AM