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…
FINANCE
China fiscal policy has ‘ample room’ to support economy: central bank research head
BEIJING (Reuters) – China’s fiscal policy has “ample room” to support the economy, the central bank’s chief researcher said in an opinion column on Friday, adding that the policy has not been active e… (…
Beijing hopes for a backlash against Donald Trump’s trade policy
This in turn would diminish its ability to finance the Belt and Road Initiative, a huge project to amass global influence by building infrastructure in more than 80 countries. Beijing is also anxious … (…
China central bank says cannot refuse, discriminate against cash payments
BEIJING (Reuters) – Companies or individuals cannot refuse or discriminate against cash payments, China’s central bank said on Friday, but stressed the rules won’t apply to online payments and unmanne… ( read original story …)
China June new loans jump to 1.84 trillion yuan, above forecasts
China’s banks extended a record 13.53 trillion yuan in new loans last year. Broad M2 money supply grew 8.0 percent in June from a year earlier, central bank data showed on Friday, missing forecasts fo……
China central bank requires non-banking payment firms to report large transactions from 2019
BEIJING, July 13 (Reuters) – China’s central bank issued a notice on Friday asking non-banking payment firms to report large transactions from the beginning of next year, as it steps up its monitoring … (…
China Merchants Bank to better serve enterprises
A client uses the China Merchants Bank app on his smartphone in Ji’nan, East China’s Shandong province, Dec 20, 2017. [Photo/IC] China Merchants Bank Co Ltd will commit to improving its service to ent… (…
Bank of East Asia : BEA China Becomes the First Foreign Bank to Receive Approval to Open a Full Branch in Qianhai, Shenzhen
Hong Kong, 13th July, 2018-The Bank of East Asia, Limited (“BEA”) today announces that its wholly-owned subsidiary in Mainland China, The Bank of East Asia (China) Limited (“BEA China”), has received … ( read original…
Citigroup plans China desk in India
Citigroup will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia Pacific corporate banking head said, as concerns grow abo……
China Bank raises P10.25 billion from LTNCD offer
CHINA BANKING Corp. (China Bank) raised P10.25 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to stabilize its cost of funding and expand its business. At … ( read…
China central bank restarts open market operations
Pedestrians walk past the People’s Bank of China (PBOC) headquarters in Beijing, Jan 18, 2016. [Photo/VCG] BEIJING – China’s central bank restarted reverse repo on Thursday to offset the impact of mat… ( read original…
Ex-bank head returns to face trial
Xu Chaofan, former head of the Kaiping subbranch of Bank of China in Guangdong province, has been returned to China from the United States to face trial on charges of embezzlement and corruption, the ……
Bank graft suspect repatriated from US
XU CHAOFAN, suspect in a US$485 million bank embezzlement case, was repatriated back to China yesterday, 17 years after he fled to the United States, the country’s top anti-graft agency said. Xu Chaof… ( read…
