SHANGHAI China has launched five pilot zones to promote “green finance” and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to…
Monthly Archives For June 2017
China central bank to skip open market operations today: statement
SHANGHAI China’s central bank said it will skip open market operations for the third consecutive day on Tuesday as liquidity levels in the banking system were “relatively high”. “Fiscal expenditure were increasing towards the month-end…
Banking regulator vows to curb property bubbles
The China Banking Regulatory Commission on Friday reiterated its determination to contain property bubbles in “some” regions, Securities Daily reported. Guo Shuqing, chairman of the banking regulator, urged banks to carry on differentiated mortgage loan…
Contenders vie to take up mantle of Chinese central bank reforms
Every public appearance by Zhou Xiaochuan could potentially be his last as China’s central bank governor. After a remarkable 15 years at the helm of the People’s Bank of China — the longest of any…
Quick Take: China Warns Against Banks’ Improper Tactics to Amass Deposits
(Beijing) — Deposit-hungry Chinese lenders should refrain from using improper tactics to solicit deposits from government offices and state-owned enterprises, the country’s banking regulator warned Monday. The China Banking Regulatory Commission (CBRC … ( read…
StanChart-backed China Bohai Bank seeks market listing
DALIAN, China China Bohai Bank Co [BOHAI.UL], one of the country’s 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in…
China banking assets up 12.5 pct y/y at end-May
BEIJING, June 27 (Reuters) – The value of assets held by China’s banking sector rose 12.5 percent to 232.89 trillion yuan ($34.18 trillion) as of end-May compared with a year earlier, the China Banking Regulatory…
Hong Kong in Beijing’s shadow 20 years after handover
When Xi Jinping lands in Hong Kong on Thursday for the first time since becoming China’s president, he will step into a deeply divided city uncertain of its future. The visit marks 20 years since…
China accuses India of border incursion
China has accused India of a border incursion between Sikkim and Tibet, according to Reuters, warning the development could “threaten peace”. The news agency quoted officials as saying that Indian troops had crossed the border,…
China’s latest logistics IPO is hard to unpack
HONG KONG China’s latest logistics flotation is hard to unpack. Alibaba-backed Best Inc wants to list in New York just a few months after a rival’s disappointing debut. The loss-making group is faster-growing and more…
China’s imprisoned Nobel Peace laureate given medical parole
Geng Shuang, a spokesman for China’s foreign ministry, said Monday he was not aware of the latest development in Liu’s case. The news of Liu’s diagnosis shocked and saddened fellow human rights activists who have…
China launches five ‘green finance’ pilot zones
SHANGHAI China has launched five pilot zones to promote “green finance” and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to…
Premier Li: China can control financial risks as debt rises
BEIJING — China’s top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting…
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