BEIJING (Reuters) – China’s central bank injected a total of 868.75 billion yuan ($124.90 billion) via short- and medium-term liquidity tools in December, its data showed on Tuesday, as it continues to support credit expansion…
FINANCE
China should set more flexible GDP growth target in 2017: central bank adviser
BEIJING China should set a more flexible economic growth target this year to create more room for reforms, a central bank adviser told the official Xinhua news agency, suggesting a range of 6.0 to 7.0…
China's new rules on yuan transfers are not capital controls – Xinhua
Starting in July 2017, banks and other financial institutions in China will have to report all domestic and overseas cash transactions of more than 50,000 yuan ($7,201), compared with 200,000 yuan previously, the central bank…
South Korea considers 'measures' as China blocks charter flights
South Korean Finance Minister Yoo Il-ho said on Sunday he would look into whether China’s decision, which came ahead of a traditional surge in Lunar New Year travel, was “related to” the planned deployment of…
China’s small banks vulnerable to bond sell-off, analysts say
Nonetheless, the fact that the People’s Bank of China still seems able and willing to step in, means that any major crisis remains some way off still. On Friday, yields of Chinese 10-year government bonds…
China central bank adviser calls for flexible 2017 growth target
China’s economy grew 6.7 percent in the third quarter from a year earlier and looks set to achieve the government’s full-year forecast of 6.5-7 percent, buoyed by higher government spending, a housing boom and record…
China facing financial highwire act in 2017
China is embarking on a financial highwire act. At the top of regulators’ agenda in China for 2017 is a campaign to wean the nation’s sprawling financial system off cheap borrowing and rising credit levels.…
China’s First FinTech Angel Fund
China today witnesses the founding of FinPlus, the country’s first angel fund and accelerator that focuses on investing in startups that feature financial technology (FinTech). Fugel Holding, the company that is backing FinPlus, decided to…
IGM Financial makes bold bet on China with latest deal
IGM Financial Inc. is taking a stake in one of China’s largest investment managers in a bid to tap into the Asian country’s burgeoning base of savers and investors. Mackenzie Financial Corp., IGM’s subsidiary, will…
China central bank raises requirements for cash and overseas transactions
Dec 29 The People’s Bank of China (PBOC) rejected a media report that the yuan broke the 7.0000 per dollar level in the onshore market on December 28, the Chinese central bank said on its…
China's money rates rise over the year as c.bank tightens liquidity
SHANGHAI, Dec 30 China’s primary money rates rose this week and were largely higher this year, driven by the central bank’s tight liquidity stance in the second half aimed at curbing bubbles and reducing leverage…
China central bank says to keep policy neutral, liquidity stable
BEIJING China’s central bank said on Friday that it would keep its monetary policy neutral and “neither too tight nor too loose” to help maintain stable liquidity conditions. At a key economic meeting this month,…
Man with ties to Canadian bank serves tiny taste of life among China's nouveau riche
Wandering into the gated apartment complex 200 kilometres southeast of Beijing, I knew almost nothing about the man I was looking for. I knew his name, Xu Chang’an. I knew he had signed as a…