JOHANNESBURG — China says it plans to shut down its ivory trade by the end of 2017 in a move designed to curb the mass slaughter of African elephants. The Chinese government will end the…
Monthly Archives For December 2016
China Bans Its Ivory Trade, Moving Against Elephant Poaching
“China is moving from being the main problem to the main solution,” he said, calling Friday’s announcement “the most astonishing and wonderful piece of news.” Ms. Pepper of the Natural Resources Defense Council urged other…
China vows shutdown of ivory trade by end of 2017
Ivory is displayed before being crushed in China’s Guangdong province on Jan. 6, 2014, an event aimed at shedding China’s image as a global hub for the illegal trade in African elephant tusks. JOHANNESBURG —…
China Unicom (Hong Kong) Ltd (CHU) Receives $12.50 Average Target Price from Brokerages
China Unicom (Hong Kong) Ltd (NYSE:CHU) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell…
China central bank says to keep policy neutral, liquidity stable
BEIJING China’s central bank said on Friday that it would keep its monetary policy neutral and “neither too tight nor too loose” to help maintain stable liquidity conditions. At a key economic meeting this month,…
Man with ties to Canadian bank serves tiny taste of life among China's nouveau riche
Wandering into the gated apartment complex 200 kilometres southeast of Beijing, I knew almost nothing about the man I was looking for. I knew his name, Xu Chang’an. I knew he had signed as a…
Another Chinese tech giant is launching an online bank
Best known for its smartphones, Xiaomi will own around 30% of the new bank. The Chinese regulator is encouraging the launch of new banks. In 2014, the China Banking Regulatory Commission (CBRC) started handing out…
Across China: More private banks in pipeline
BEIJING, Dec. 30 (Xinhua) — Historically, China’s banking sector has been dominated by a few colossal state entities, but the tone has changed and market-oriented private banks are springing up in response to needs that…
China’s central bank on levers to buoy the yuan
China enhanced its ability to stabilise its currency, as the rising US dollar threatens to undermine its economy, by accelerating the flow of capital out of the country. China’s central bank is adjusting the mix…
China economy improving, rate hike a possibility – People's Bank of China adviser
While inflation is showing signs of picking up in China along with economic activity, economists say there is no immediate pressure on the central bank to raise rates. BEIJING: Interest rates in China are already…
China's banking industry sees growing external assets
BEIJING – China’s banking industry recorded more external financial assets by the end of September compared with the second quarter, according to official figures. China’s banking industry, excluding the central bank, reported external financial assets…
China takes new step to downgrade the dollar's prominence
China took another step to degrade the US dollar in defining the value of its currency in an effort that cuts against its rival’s stubbornly strong hold on the global financial system. An arm of…
China announces ban on ivory trade by end of 2017
China has announced a ban on all ivory trade and processing … Conservation group WWF welcomed the latest news, calling it a “historic announcement… signalling an end to the world’s primary legal ivory market and…