China’s central bank is conducting research to issue the country’s own sovereign digital currency, a move in parallel with similar efforts ongoing in Russia, even as the government has doubled down on banning the use…
FINANCE
China’s Zhou Warns on Rising Financial Risk in Blunt Article
China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy. Latent risks are…
China’s central bank chief lays out plans to avert future financial crisis
China’s central bank chief has set out his strategy to prevent a future financial crisis by calling for broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported…
China border traders losing money amid N. Korea sanctions
China continues to be a key source of food and fuel aid to … The sanctions have also blacklisted a number of firms in the extraction and financial industries, imposed travel bans and frozen the…
China blasts US for ban on bank over N Korea ties
Beijing has blasted Washington for excluding China’s Bank of Dandong from the US banking system over allegations of collusion between the bank and the North Korean government. In June, Washington alerted firms that it was…
China: We’re the world’s ‘new role model,’ and Trump needs to prove he can be ‘constructive’
China is calling for constructive dialogue and negotiations ahead of the President Donald Trump’s visit to Beijing next week as the world’s second-largest economy balances practical diplomacy with its own growing assertiveness. Chinese Foreign Ministry…
BRIEF-China Industrial Securities International Financial Group posts qtrly profit of HK$61.9 mln
* Qtrly profit for period HK$61.9 million versus HK$62.5 million * Qtrly revenue HK$260.4 million versus HK$175.4 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original…
Beijing says it peacefully resolved a South China Sea dispute with Vietnam
Hanoi and Beijing, however, have sought to get relations back on track, with a top Chinese leader telling his Vietnamese hosts in September that their two communist parties have a “shared destiny”. Chinese Foreign Minister…
Chinese bank banned from operating in US over North Korea ties
The United States excluded China’s Bank of Dandong from its financial system on Thursday … The US leader has demanded that Beijing do more to push its neighbour North Korea to stop efforts to build…
China eyes greater U.S. access for its aircraft and parts with new deal
SHANGHAI/WASHINGTON (Reuters) – China’s aviation safety regulator expects a recently signed aircraft certification agreement with the United States to boost U.S. market access for Chinese-made planes and aircraft parts. The Civil Aviation Administration of ……
People’s Bank of China seen supporting yuan around Trump visit
Analysts expect downward pressure on the yuan to resume through the end of the year with the U.S. Federal Reserve expected to raise interest rates and financial markets in China looking less sure-footed. If the…
China Biologic Reports Unaudited Financial Results for the Third Quarter of 2017
–3Q17 Total Sales Up 15.1% YoY and Non-GAAP Adjusted Net Income Up 14.8% YoY in RMB terms, or Total Sales Up 15.1% YoY to $99.6 Million and Net Income Up 11.2% YoY to $31.6 Million…
China Shifts Course, Predicting ‘Minsky Moment’ in Global Financial Instability
In the past year, the U.S. and global “real” economies have enjoyed a moderate recovery. Much of that has been due to China stimulating its economy to ensure real growth in anticipation of the Communist…
