China should be prepared to fight a protracted and tough battle against financial risks, said a senior official of the country’s top banking and insurance regulator. “We have made progressive achievem… ( read original story…
FINANCE
Another ceasefire: Can the US and China end their trade war?
WASHINGTON — Relief swept across world financial markets Monday after President Donald Trump pushed back a March 2 deadline in a trade dispute with China. But the respite might not last. The world’s t… (…
China orders banks, insurers to sharply step up lending to private firms
SINGAPORE (Reuters) – China’s banking and insurance regulator said on Monday it had told all of the country’s banks to sharply increase lending to private companies, as policymakers step up … ( read original story…
Report: China’s Debt to Rise Amid Decreasing ‘Shadow Banking’ Risks
Kristian Rouz – Analysts at US investment bank Morgan Stanley say China is poised to increase its leverage despite Beijing’s recent efforts to curb debt accumulation. Experts say the so-called “shadow … ( read original…
China Deleveraging Is Dead as $34 Trillion Debt Habit Roars Back
(Bloomberg) — For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting … ( read original story …)
China and Russia have deep financial ties to Venezuela. Here’s what’s at stake.
A month ago, Venezuelan National Assembly President Juan Guaidó refused to recognize the legitimacy of President Nicolás Maduro’s fraudulent May 2018 reelection. Guaidó declared himself interim presid… ( read original story …)
China’s Xi urges financial risk prevention while seeking stable growth
BEIJING (Reuters) – China should seek stable development of its economy while not forgetting to fend off risks to its financial system, Chinese President Xi Jinping said, state news agency Xinhua repo… ( read original…
China’s Xi: financial sector must serve the real economy
BEIJING (Reuters) – China’s financial sector must serve the real economy, President Xi Jinping told a study session for senior Communist Party officials, state news agency Xinhua said on Saturday. The … ( read original…
China’s stimulus appears to be ‘finally kicking in’ as new loans hit record high, experts say
Analysts say surging bank loans and overall credit expansion to monthly records in China mean that official efforts to stimulate the economy are kicking in, a potential sign that slowing growth could … ( read…
China says it would welcome visit by British finance minister
BEIJING (Reuters) – China would welcome a visit by Britain’s finance minister Philip Hammond, the Chinese foreign ministry said on Friday, a day after Hammond said talk of deploying a British warship … ( read…
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
SHANGHAI (Reuters) – Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country … ( read original…
China’s Li Keqiang in rare spat with central bank
Just hours later, the People’s Bank of China appeared to respond directly to Mr Li’s criticism in an interview with an unnamed PBoC official published in Financial News, the central bank’s official ne… ( read…
Morning Brief: U.S., China start to outline a trade deal
Read more U.S., China sketch outlines of deal to end trade war … and it also offered more clarity on its plans for balance sheet normalization. [Yahoo Finance] Tax refunds are $11.5 billion behind o……
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