(Adds details on lending operations) SHANGHAI, May 2 (Reuters) – China’s central bank said on Wednesday that it lent 367.50 bln yuan ($57.79 bln) to financial institutions via its medium-term lending facility (MLF) in April.…
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The Chinese bank branch staffed entirely by robots
Besides a bored-looking security guard at the entrance, there are no human staff present. China Construction Bank (CCB), the country’s second-largest financial institution, has opened what it says is the world’s first robot bank. The…
China Is Weakening Its Currency Before U.S. Trade Talks Begin
China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking U.S. officials arrive in the country to discuss trade issues. The People’s Bank of China cut the reference level…
Lloyds’ private bank tells its wealthy clients that emerging markets are ‘THE asset class to watch’
… watch” according to Lloyds Bank’s private banking division, which advises wealthy clients on how to invest. In a review of its ten-year investment strategy, Lloyds said that emerging markets such as China, India, Indonesia…
China’s central bank injects liquidity into market in April
BEIJING, May 2 (Xinhua) — China’s central bank continued to pump cash into the money market in April to maintain liquidity at a reasonable level. The People’s Bank of China (PBOC) said Wednesday in an…
China’s central bank injects liquidity via reverse repos
China’s central bank on Wednesday injected funds into the banking system via open market operations to maintain liquidity. The People’s Bank of China (PBOC) conducted 200 billion yuan (about 31.4 billion U.S. dollars) of seven-day…
Bank of China Interview Questions
the interview was very easy. no difficult question if u were to ask me, the toughest question was about why am i interested in corporate banking and why work in a china bank. There not…
Xiaomi’s smartphone shipments double ahead of IPO as ZTE’s slump by half
The companies are arguably the two most newsworthy smartphone brands in China today – but for very different reasons. Xiaomi is widely expected to file its application for a Hong Kong IPO this week, with…
Mobile payment increasingly popular in rural China
Mobile payment has become more popular in China’s rural areas. [huitu.com] Mobile payment has become more popular in China’s rural areas as internet technology has made transactions faster and more convenient in remote places where…
China’s foreign minister in North Korea seeks role for Beijing
SEOUL, Korea, Republic Of — China’s foreign minister arrived in North Korea’s capital on Wednesday and could meet with leader Kim Jong Un while trying to ensure a larger role for Beijing in the new…
Xi Tightens His Grip, and China’s Tech Giants Feel the Squeeze
BEIJING — For the past decade or so, China has defied the truism that only free and open societies can innovate. Even as the Communist Party has kept an iron grip on politics and discourse,…
BEIJING | Peppa Pig wins street cred, attracts censors in China
BEIJING —A cherubic British cartoon character has become an unlikely target of China’s censors as fans use her porcine likeness in rap videos and “gangster” tattoos. The bright pink swine’s subversive alter-ego has made her…
China reiterates call to continue upholding Iran nuclear deal
Speaking at a daily news briefing, ministry spokeswoman Hua Chunying said China had noted reports about Israeli Prime Minister Benjamin Netanyahu unveiling what he called evidence of a secret Iranian nuclear weapons program as well…
