China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said Sunday. Speaking on the ……
Monthly Archives For March 2019
U.S., China Have Reached Consensus on Many Vital Issues, Yi Says
(Bloomberg) — China and the U.S. have reached consensus on many “crucial” issues and and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China Gove… ( read…
Beijing ‘won’t allow Taiwan reunification to be postponed indefinitely’
Beijing will not put off reunification with Taiwan forever but it hopes to bring the self-ruled island back into the China fold through peaceful means, according to a National People’s Congress delega… ( read original…
China banking regulators tell banks to boost support for rural economies
BEIJING, March 10 (Reuters) – China’s banking and insurance regulators have issued a notice to commercial banks to boost financial support for the country’s rural areas. In a notice issued on March 8, … (…
Adding Value to Nigeria-China Currency Swap Deal
For its special link to the Industrial and Commercial Bank of China (ICBC), Stanbic IBTC was chosen to lead the line with Zenith Bank, First Bank, and Standard Chartered Bank in the $2.5 billion curre……
China c.bank has exited from FX market intervention
BEIJING, March 10 (Reuters) – China’s central bank has basically exited from regular intervention on foreign exchange, and the yuan exchange rate is not a major concern when deciding monetary policy, … ( read original…
Build stronger securities brokers for financial security: CPPCC member
He told China.org.cn that securities brokers play an important role in minimizing financial risk and stabilizing the market during times of economic wavering. During China’s continual market fluctuati… ( read original story …)
China’s Yi: Envoys discussed avoiding currency as trade tool
He spoke at a news conference during the annual meeting of China’s ceremonial legislature. Yi took part in the latest round of talks in Washington, along with China’s economy czar, Vice Premier Liu He ……
Drafting of property tax law ‘steadily advancing’: China
(MENAFN – Gulf Times) Work on a draft property tax in China is ‘steadily advancing and it will be submitted for review when conditions are right, senior Chinese parliamentary officials said yesterday. ( read original…
Draft law unveils China’s open stance of competitive neutrality
establishment of foreign-invested enterprises and capital increases by foreign investors alone or jointly with other foreign investors in China; acquisition of shares, equity, shares of property or si… ( read original story …)
China overtakes US in AI patents filings
About 95% of the patents filed by Chinese companies were submitted to the China National Intellectual Property Administration, but many of them are eyeing overseas filing as well. Being a … ( read original story…
Chinese property buyers veering away from Toronto, Vancouver
Chinese residential property purchase inquiries in Montreal went up by 35.7% annually. Calgary and Halifax enjoyed more dramatic increases, at 234.4% and 394.0%, respectively. “Until 2017, only a rela… ( read original story …)
China Feb new bank loans fall but policy support still on track
BEIJING (Reuters) – New bank loans in China fell sharply in February from a record the previous month, but the drop was likely due to seasonal factors, while policymakers continue to press lenders to ……
