China’s parliament voted to repeal presidential term limits … increase global clout and curb financial and environmental risks. It also ties the world’s most populous country more closely to the fate of a single man…
FINANCE
Curbing financial risk remains central task in China
It has been ten years since a global financial crisis swept the world’s major economies. While a global recovery is finally underway, the world’s second largest economy is staying alert against systemic financial risks. [Special…
‘Be bolder’: Chinese central bank chief Zhou Xiaochuan looks back as he heads for the exit
In what is likely to be one of his last public appearances as head of the People’s Bank of China, Zhou Xiaochuan, 70, said he could not isolate any one pivotal moment in his more…
China builds ambitiously in Africa as US sounds the alarm
And if countries run into financial trouble, they often lose control over their … the U.S. has said, with most debt owed to China. There are obvious reasons why the United States would want to…
China’s banking regulator vows to further cut corporate, government and household leverage
BEIJING (Reuters) – China’s top banking regulator said on Friday reducing leverage in the country’s corporate, government and household sectors remains a major policy priority. Speaking on the sidelines of the National People’s Congress, Guo…
China vows tighter rules to clip wings of big finance firms
The Chinese government is working on new rules to control the country’s big financial firms and holding companies to curb the massive risks generated by the conglomerates’ speculative investing, China’s central bank officials and senior…
Central banker: China can be ‘bolder’ about market opening
BEIJING (AP) — China can be bolder about opening its financial markets following steps to strengthen its regulatory system and encourage use of its currency abroad, the central bank governor said Friday. The comments by…
China to rely less on economic stimulus as it battles risks: central bank governor
BEIJING (Reuters) – China has moved away from its old growth model which was heavily reliant on investment and will rely less on stimulus to boost the economy in future, People’s Bank of China governor…
UK bank to offer Chinese payment options
British bank Santander UK is to enable business customers to accept payment directly from China UnionPay and other leading Chinese payment wallet providers. From 2018 onwards, when companies sell products to China through e-commerce platforms…
Highlights of central bank governor’s news conference
Renminbi internationalization promotes China’s opening-up, said governor of the People’s Bank of China. In terms of market access, China could take more bold actions to further open up, Zhou added. He also predicted the trend…
China will rely less on stimulus as it battles risks from debt, says its central bank
China will rely less on stimulus to boost economy, the country’s central bank governor said. China has entered a period of reducing risk, curbing debt. Risks remain from financial holding companies and digital currencies. China…
Central bank: Forex reserve to stay stable
[Photo by Feng Yongbin/chinadaily.com.cn] China’s foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday. Zhou Xiaochuan, governor of the…
China’s forex reserves to keep basically stable: central bank
Economic fundamentals and a stable yuan will keep China’s foreign exchange reserves basically stable, a central bank official said.[Special coverage] Forex reserves had been on the rise for 12 months before February’s decline, Pan Gongsheng,…
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