BEIJING (Reuters) – China’s crude oil imports rose 6 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners … ( read original…
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China’s Solar Farms Transforming World Energy
China is the world’s largest manufacturer of solar panel technology, points out Yvonne Liu at Bloomberg New Energy Finance, a market research firm. “The market is really big. It is like … ( read original…
Britain’s showdown with the Chinese military in the South China Sea is threatening to derail a post-Brexit trade deal
A showdown between the British and Chinese navies in the disputed South China Sea could derail the two nations’ trading relationship after Brexit, the state-run China Daily newspaper has said. The inc… ( read original…
Jack Ma, Alibaba co-founder and China’s richest man, announces retirement
Ma established the Jack Ma Foundation in 2014, which fosters education for those in rural China, and has professed his love of education. He is referred to as “Teacher Ma” within Alibaba. ( read original…
China c.bank injects medium-term cash; short-term money rates rise
SHANGHAI, Sept 7 (Reuters) – China’s central bank injected medium-term cash into the banking system on Friday, effectively rolling over loans that matured on the same day, but short-term rates rose th… ( read original…
China’s August bank lending seen lower but shift to credit easing intact: Reuters poll
BEIJING (Reuters) – China’s banks likely extended fewer new loans in August than the previous month, but the pace was still well above last year’s levels as the central bank looks to support the econo……
Bank Fines Surge in China as Regulator Seeks to Stem Tide of Bad Loans
(Bloomberg) — China’s banking regulator is handing out fines at a record pace as it battles a build-up of financial risk. The China Banking and Insurance Regulatory Commission, along with its predeces… ( read original…
China’s top four banks generated most profit in 2017
China’s four largest banks – Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd – were nation’s most profitable listed compan… ( read…
Deutsche Bank shares dip after report that China’s HNA plans to sell its stake
HNA Group, one of China’s largest conglomerates, will be exiting its 7.6 percent stake in Germany’s Deutsche Bank, according to a Wall Street Journal report. The decision comes under pressure from the … ( read…
Yuan Outperforms Peers as China Deters Bears Before Tariffs
“China is acting preemptively to prevent the yuan from falling, as they see the tariffs coming, which is bearish,” said Irene Cheung, foreign-exchange strategist at Australia & New Zealand Banking Gro… ( read original story…
China’s central bank pumps funds into market via MLF
BEIJING, Sept. 7 (Xinhua) — China’s central bank Friday injected 176.5 billion yuan (25.88 billion U.S. dollars) of funds into the market via the medium-term lending facility (MLF) to maintain liquid… ( read original story…
China’s Meituan Dianping confirms $4.4 billion Hong Kong IPO
China’s Meituan Dianping, an online food delivery-to-ticketing services platform, set an indicative price range of HK$60 to HK$72 ($7.6-$9.2) per share for its IPO, valuing itself at up to $55 billion … ( read original…
China vows tax reforms won’t boost corporate costs
BEIJING (Reuters) – China’s cabinet has pledged sweeping tax reforms will not increase companies’ cost burdens, though analysts remain cautious as the government has yet to unveil specific measures. R… ( read original story …)
