BEIJING — The Trump administration is demanding that Beijing reduce America’s massive trade deficit with China by $200 billion by the end of 2020,striking an assertive stance in talks aimed at averting a trade war…
FINANCE
The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Chinese President Xi Jinping is displayed on a big screen as he delivers a speech at the closing session of the annual National People’s Congress in March. (AP Photo/Ng Han Guan) The Trump trade mission…
China Bank income rises in Q1
CHINA BANKING Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In a disclosure to the Philippine Stock Exchange on Friday, the…
U.S. to pitch for higher lending rates at ADB meet as region eyes China
The administration of U.S. President Donald Trump had chided the World Bank’s lending to higher-income countries such as China, saying they should “graduate” to non-concessional loans. “Some of the reform priorities that we pursued at…
China to limit banks’ risk exposure to large, single clients
BEIJING, May 4 (Reuters) – China’s banking and insurance regulator issued rules on Friday to help limit banks’ exposure to large, single clients, as part of a widening clampdown on risks in the financial system.…
China’s Shifting Economic Policy Has Big Investing Ramifications
Notably, Guo Shuqing, the Chairman and Party Secretary of the newly formed China Banking and Insurance Regulatory Commission, has also been appointed as the party secretary of the PBOC. Both Guo and new Central Bank…
China tightens regulation on private lending
An employee counts yuan banknotes at a bank in Huaibei, East China’s Anhui province, June 22, 2010. [Photo/Agencies] BEIJING – China will tighten regulation of the growing private lending market. Without official approval, no entities…
Clifford Beaumont – China to Announce Asset Management Regulations
TAIPEI, TAIWAN, May 03, 2018 /24-7PressRelease/ — A source close China’s central bank revealed that China will unveil new asset management industry regulations within the next week. Clifford Beaumont analysts say markets have been waiting…
The Latest: Trump wants China to cut trade deficit by $200B
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 6:25 p.m. The Trump administration wants China to reduce the trade deficit with the U.S. by $200 billion by the end of…
Beijing Inspiry Technology promotes self-service QR code payment solutions in Singapore
Leading-edge QR code payment solutions that are popular in China now enter Southeast Asia SINGAPORE, May 4, 2018 /PRNewswire/ — On May 4, 2018, Beijing Inspiry Technology Co., Ltd., one of China’s leading mobile payment…
The Latest: China says US side to raise ZTE case with Trump
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 4:45 p.m. China’s Commerce Ministry says U.S. officials have agreed at trade talks to raise China’s objections to sanctions levelled against Chinese…
Trump praises China’s Xi as trade talks begin in Beijing
BEIJING (Reuters) – U.S. President Donald Trump on Thursday … As Mnuchin arrived, Trump tweeted: “Our great financial team is in China trying to negotiate a level playing field on trade! I look forward to…
China: UBS seeks 51% stake in its banking joint venture
One bank is already taking the plunge. Switzerland’s UBS (UBS) said Thursday that it would seek control of its joint venture in China by upping its stake in the business to 51%. It would be…
