BEIJING (Reuters) – China financial regulators said on Friday it will launch pilots schemes on innovations around financial standards in the city of Chongqing and the province of Zhejiang. The schemes … ( read original…
FINANCE
China’s tumbling yuan slows as big banks seen selling dollars
SHANGHAI (Reuters) – China’s yuan plunged to a more than one year low against the dollar on Friday after the central bank fixed a weak midpoint, but traders said major state banks sold dollars during…
China’s central bank preparing further policy easing to counter credit squeeze
China’s central bank will use unconventional methods to support the ailing corporate bond market and guide financial relief to vulnerable areas of the economy, according to analysts. Market expectatio… ( read original story …)
China-UK Financial Cooperation Explored During CEIBS London Forum
LONDON, July 20, 2018 /PRNewswire/ — The opportunities for China and the UK to collaborate within the financial sector in today’s post-Brexit, fintech and big data focused environment was explored in … ( read original…
China Flirts With Easier Monetary Policy Amid Slowing Growth
China’s banks are being offered cash and given instructions to boost lending, adding to evidence of a shift toward greater official support for the economy. The banking and insurance regulator has ask… ( read original…
China Prods Banks to Support Economy as Policy Shift Emerges
China’s banks are being offered cash and given instructions to lend more, adding to evidence of a shift toward greater official support for the economy. The banking and insurance regulator has asked f… ( read…
China Regulator Prods Banks to Lend More as Growth Pace Eases
China’s banks are being offered cash and given instructions to lend more, as regulators attempt to support a slowing economy. The banking and insurance regulator has asked financial institutions to “e… ( read original story…
Why millennials are driving cashless revolution in China
When Frida Cai left Beijing to study abroad in 2013, China’s financial tech boom was just beginning. She used a debit card for her big expenses and carried cash for everyday spending. By the time…
China regulator asks banks to lower financing costs for small enterprises
BEIJING (Reuters) – China banking and insurance regulator has asked banks to actively lower the financing costs and improve funding services for small businesses and private firms, as part of wider ef… ( read original…
Chinese president meets World Bank president in Beijing
Chinese President Xi Jinping (R) meets with World Bank President Jim Yong Kim in Beijing, capital of China, July 16, 2018. (Xinhua/Li Xueren) BEIJING, July 16 (Xinhua) — President Xi Jinping on Monda… ( read…
Beijing Is Girding for a Longer Fight, Says Peking University’s Balding
Jul.15 — Christopher Balding, associate professor at Peking University HSBC Business School and Bloomberg Opinion columnist, discusses the impact of the U.S. trade tariffs on the Chinese economy. He … ( read original story …)
Asian shares fall on soft China data, trade war fears
Taken together, the data show an economy continuing to slow under the influence of a multi-year crackdown on excessive financial risk, even as trade war headwinds gather. But Jim McCafferty, head of e… ( read…
Beijing downplays Made in China policy
China has also recently eased market access for foreign pharmaceutical companies, in addition to plans to reduce or eliminate ownership limits in the financial services and … EU leaders will meet Mr … ( read…
