S&P said that there has been some confusion about the policy because regulators in China use different definitions for “financial-inclusions MSEs” at different times for different purposes. As an … ( read original story …)
FINANCE
China central bank says economy showed positive changes in first quarter; reaffirms prudent policy
BEIJING (Reuters) – China’s central bank said on Monday that the Chinese economy has shown some positive changes in the first quarter, reiterating its pledge to continue with a prudent monetary policy … ( read…
China central bank calls for more policy coordination to support growth
BEIJING (Reuters) – China’s central bank on Monday called for more coordination between the country’s monetary policy, fiscal policy and other policies as Beijing seeks to fend off risks and … ( read original story…
Asian shares advance on US-China trade hopes
SINGAPORE — Asian markets were mostly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index rose 0.6% to 3,207.87, ……
Asia’s tech champions zero in on main street banking
Asian consumers are far more willing to bank with tech firms than elsewhere in the world. More than 90 percent of consumers under 35 in China and India would bank with a technology firm ……
Banking: Rise of challenger banks in Asia
But it does have particular significance, given the city’s status as an international finance centre, the availability of capital and potential access to the Greater China market.” He describes a … ( read original story…
China Isn’t Ready for Iron Ore Deficit, Industry Veteran Warns
(Bloomberg) — China’s steel industry, the world’s largest, isn’t prepared for a looming shortage of iron ore in the second half that’s set to drive prices higher, according to a prominent industry … ( read…
China will maintain prudent monetary policy: PBOC official
China will continue to “improve the exchange rate mechanism and keep the RMB exchange rate in line with fundamentals at an adaptive equilibrium level”, Mr Chen said. The potential for foreign … ( read original…
VW to take on Tesla X in China from 2021 with electric SUV
SHANGHAI (Reuters) – Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up … (…
China, Japan tout ‘recovered’ ties amid global uncertainty
BEIJING — Japan’s foreign minister says China and Japan have the opportunity to “take charge of the economic field” during a time of worldwide uncertainty. Taro Kono met with Chinese Foreign Minister … ( read…
China to Maintain Prudent Monetary Policy, PBOC’s Chen Says
China will maintain a prudent monetary policy … stable,” Chen said a statement to the International Monetary and Financial Committee, which was posted on the IMF’s website. ( read original story …)
Italy’s finance minister says there is no backlash from the US after signing agreement with China
boost Beijing’s international influence and force developing nations to take on high debt burdens. Italy hasn’t suffered any negative reaction from U.S. authorities after having agreed to be part of … ( read original story…
China’s auto show highlights electric ambitions
Communist leaders are shifting the burden to automakers by imposing mandatory sales targets for electrics, adding to financial pressure on them amid … Automakers are looking to China, their biggest … ( read original story…
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