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 ……
FINANCE
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…
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 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 ……
U.S., China to Observe Market Forces on Currencies, Yi Says
(Bloomberg) — China and the U.S. have reached consensus on many “crucial” issues including a commitment to observe market-oriented exchange rate mechanisms, People’s Bank of China Governor Yi Gang sa… ( read original story …)
China Deal Would Mean ‘Very Big Spike’ for Markets, Trump Says
(Bloomberg) — President Donald Trump said that the U.S. will enjoy a “very big spike” in stock markets if he closes a trade deal with China. “As soon as these trade deals are done, if…
Why is Huawei’s Meng Wanzhou such a big deal? She’s treated like a ‘princeling’ in China
By 2011, Huawei was introducing her at public events as its chief financial officer. Being both a top-level executive at Huawei and the daughter of one of China’s entrepreneurial heroes has meant Meng … (…
China’s Retail Investors Are No Suckers
of China Ltd., a $65 billion giant, could decline more than 50 percent over the next year. Shortly after Citic’s note, Huatai Securities Co. cut its rating on CSC Financial Co., a fellow brokerage. (…
China promises ‘all necessary measures’ to defend companies
China’s government has demanded Canada release Huawei’s chief financial officer. She is fighting U.S. efforts to extradite her to face charges of lying to banks about dealings with Iran. Wang gave no … ( read…
China Ever Grand Financial Leasing Group Co Ltd
China Ever Grand Financial Leasing Group Co., Ltd., through its subsidiaries, manufactures polishing compounds and accessories under its own brand name. The Company also trades different types of indu… ( read original story …)
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