In a non-public notice issued by the China Banking and Insurance Regulatory Commission (CBIRC) in late June, the regulator also asked banks to increase real-time monitoring of lending rates, the sourc… ( read original story…
FINANCE
China’s financial opening ‘not a threat’ for local players: analysts
The further opening of China’s financial sector, despite introducing foreign competitors, would help introduce more mature financial products and test the governing ability of Chinese financial regula… ( read original story …)
China’s FX reserves post surprise gain, withstand June market chaos
Reserves rose $1.51 billion in June to $3.112 trillion, compared with a drop of $14.23 billion in May, central bank data showed on Monday. Economists polled by Reuters had expected reserves to drop by ……
People’s Bank of China economist predicts U.S. tariffs will have little short-term impact on Beijing
The trade war will between Washington and Beijing will be difficult for the U.S. to sustain as many tariff targets are produced by joint ventures in China, predicts one of China’s leading economists. … (…
German government, JPMorgan deny report on Deutsche Bank
Shares in Deutsche had jumped by as much as 6 percent on Friday after WirtschaftsWoche (WiWo) magazine said JPMorgan and Industrial and Commercial Bank of China (ICBC) (601398.SS) might invest in the … ( read…
Home Ministry flags Chinese bank eyeing second branch in India
At a time when the Centre has cleared the decks for the maiden Bank of China branch in India, the Ministry of Home Affairs is learnt to have raised objections to a proposal by the…
China scales back property subsidies, adding to growth concerns
It was self regulating,” said Zhao Quanhou, director of the financial research centre at the Chinese Academy of Fiscal Sciences, a think-tank under China’s finance ministry. “But monetary resettlement … ( read original story …)
China seeks ally in Europe to face down US tariffs
China is turning to the EU to form a united front against Donald … including steps to reduce or remove ownership caps on security groups and other financial services businesses. “In the background o… (…
Daimler gets green light for self-driving vehicle tests in Beijing
BEIJING (Reuters) – China’s capital city has given the green light to German auto maker Daimler AG to test self-driving cars on real roads, making it the first international car maker to be granted su……
Deutsche Bank shares spike on report of interest from JPM and ICBC
and Industrial and Commercial Bank of China (ICBC) (601398.SS) may be interested in taking a stake. Business weekly WirtschaftsWoche, citing regional government sources, also said Chancellor Angela Me… ( read original story …)
China central bank governor says China to deepen financial reform
HONG KONG (Reuters) – China central bank governor Yi Gang said on Friday the country will continue deepening financial reform and opening-up as its economy has entered a stage of “new normal”. China h… (…
Beijing hits back as Trump imposes tariffs on $34bn of imports
Beijing began levying retaliatory tariffs after Donald Trump … to farm equipment prices rising, the stories of financial loss are now rolling in from farms across America.” Many US companies expect … ( read original…
China’s money rates fall on ample liquidity, bank reserve cut helps supply
SHANGHAI, July 6 (Reuters) – China’s primary money rates fell over the course of the week on high liquidity, as quarter-end cash demand faded and as a reduction in banks’ reserve requirement ratio (RR… (…
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