BEIJING (Reuters) – The Beijing-backed Asian Infrastructure Investment Bank has dropped plans to finance a new capital for Andhra Pradesh, after the World Bank pulled its support on Friday. … ( read original story …)
FINANCE
China central bank drains liquidity from market
BEIJING, July 23 (Xinhua) — China’s central bank drained 164.3 billion yuan (about 24 billion U.S. dollars) from the financial system on Tuesday, with more reverse repos and medium-term lending … ( read original story…
China’s rural policy bank ADBC reports assets of 7.1 trln yuan
BEIJING, July 20 (Xinhua) — The Agricultural Development Bank of China (ADBC), the country’s only rural policy bank, reported its assets reaching 7.1 trillion yuan (1.03 trillion U.S. dollars) by the … ( read original…
US Slams China’s ‘Bullying’ Amid Vanguard Bank Oil Exploration Standoff With Vietnam
The statement described China’s behavior as “bullying” and called on Beijing to “refrain from … Vietnam’s continental shelf on Vanguard Bank. “Over the last several days, the Chinese … ( read original story …)
China-backed investment bank rattles Big Boys
It was the first time the bank had held the two-day gathering outside Asia since it was founded at the end of 2015, as it seeks to position itself in the global financing landscape. But…
Hong Kong protesters moot Bank of China ‘stress test’ after latest clashes
Anti-government protesters in Hong Kong began circulating plans on Monday to “stress test” the Bank of China in their bid to keep pressure on the city’s pro-Beijing leaders, after five people were … ( read…
China’s $40 Trillion Banking System Learns a Lesson on Risk
(Bloomberg) — Two months after China shocked investors with the first government seizure of a bank in two decades, market confidence in the nation’s smaller lenders has yet to fully recover. That may … (…
China steps up financial opening-up
According to a statement from the State Council Financial Stability and Development Commission published by the central bank on Saturday, China will further open up its financial markets with 11 … ( read original story…
All You Need To Know About Beijing Capital International Airport Company Limited’s (HKG:694) Financial Health
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Beijing Capital International Airport Company Limited (HKG:694) with a market-capitalization of HK$ … ( read original story …)
Trump’s choice: Yield to China or raise trade tariffs and pave the way for Fed’s easing
Downward cyclical pressures caused by the trade rebalancing process should lead to the U.S. Federal Reserve’s easier credit conditions, paving the way for similar moves by China, the European Central … ( read original story…
China’s New Nasdaq-Style Venue Poised to Commence Trading
(Bloomberg) — Less than a year after President Xi Jinping first touted the project, China’s new stock venue designed for technology startups will start trading on Monday. Twenty-five companies will … ( read original story…
China’s $40 Trillion Banking System Learns a Hard Lesson on Risk
Two months after China shocked investors with the first government seizure of a bank in two decades, market confidence in the nation’s smaller lenders has yet to fully recover. That may be just what ……
China to open up finance sector to more foreign investment in 2020, one year earlier than planned
Beijing has long promised to further open up its economy to … a Friday meeting chaired by economic tsar Liu He in which policymakers focused on tackling financial risk and financial contagion, and … (…
