China’s economic growth continued to slow in October … including steps to boost liquidity in the financial system, new tax deductions for households and targeted measures aimed at helping exporters. … ( read original story…
FINANCE
Beijing planing to set up new banking system for financial, banking coop. with Tehran
Establishment of this alternative banking system is underway, so that banking experts of the two countries have thus far held several meetings in this regard. Given the above issue, China’s Bank of Ku… ( read…
Iran-China to create new banking mechanism
Beijing, Oct 29, IRNA – Regarding the possibility of severing ties between Iranian businessmen and Bank of Kunlun, Beijing plans to set up a new banking mechanism to continue its financial and banking … (…
Global banks curb China travel after UBS private banker stopped from leaving
HONG KONG (Reuters) – Several global banks including Citigroup (C.N) and Standard Chartered (STAN.L) have asked their private banking staff to postpone or reconsider travel to China after … ( read original story …)
China 2025 Plan Remains a Stumbling Block as Trump Meeting Looms
(Bloomberg) — China’s state-sponsored push to dominate technologies of the future looms as one of the biggest stumbling blocks to prospects for resolution to the U.S. trade war. Officials from both s… ( read original…
China Regulator Urges Beijing Banks Not to Force Liquidation of Pledged Shares: Yicai
SHANGHAI (Reuters) – China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilize the country’s stock … ( read original story…
China regulator urges Beijing banks not to force liquidation of pledged shares
(Bloomberg pic) SHANGHAI: China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilise the country’s stock m… ( read original story…
Beijing ‘will not use yuan as trade war weapon’ as it hits two-year low of 6.97 to US dollar
The US’ Federal Reserve Board is raising rates, while China’s central bank is leaning towards monetary easing. However, Pan reiterated on Friday that Beijing had no plans to allow a sharp fall in the ……
Swiss bank UBS says ‘business as usual’ in China
Swiss banking giant UBS said Tuesday it was “business as usual … The wealth manager, who focuses on China, delayed her return from Beijing to Singapore last week after she was asked to meet with…
China mints two new billionaires a week as Asia is set to overtake US as billionaire hotspot
China is set to overtake the US as the global hub for billionaires, according to a new report from UBS and PwC. China now has the highest concentration of billionaires outside the US, according to…
China central bank affirms stable yuan, warns against speculators
BEIJING (Reuters) – China will be able keep its yuan currency basically stable due to the country’s healthy economic fundamentals and ample foreign exchange reserves, Pan Gongsheng, a vice governor at … ( read original…
Questioning of UBS financier in China rattles private banking
Asia’s fast-growing private banking sector has been shaken by the news that a UBS banker visiting China has been told by the authorities not to leave the country, casting a shadow over the opportunity ……
Bank of Canada: U.S.-China trade tension could have major impact
OTTAWA, Oct 24 (Reuters) – Increasing trade tensions between the U.S. and China, and tariffs imposed by both countries, could become an major drag on global economic growth, the Bank of Canada … ( read…
