BEIJING — The co-chairman of HNA Group, a conglomerate that operates China’s fourth-largest airline and finance, logistics and other businesses around the world, died in an accident while on a busines… ( read original story…
FINANCE
Seeking Belt buckle role, Kazakhstan launches China-backed financial hub
ASTANA (Reuters) – Seeking to attract more foreign investment from its prime position in China’s huge Belt and Road trade project, Kazakhstan launched a new financial hub on Thursday which has already … ( read…
China says to deepen financial reforms, sees no sharp yuan fall
BEIJING (Reuters) – China will deepen financial sector reforms and fend off major risks in the economy, the banking and insurance regulator said on Thursday. China’s economic fundamentals showed no po… ( read original story…
China’s Jiangsu launches ‘green loans’ to fund pollution fight
Jiangsu, which neighbours China’s financial centre of Shanghai, has been one of the focal points of the country’s environmental clean-up efforts since 2013. The city of Xuzhou, a major steel producer … ( read original…
China releases former Rio Tinto executive Stern Hu from prison
China has released an Australian former executive of mining company Rio Tinto who was jailed for 10 years in 2009 after being convicted of corruption and stealing secrets, ending a case which strained … (…
‘Financial panic likely’: China calls for calm as clouds turn darker
Beijing is clearly on edge. A report for the National Institution for Finance and Development last week said the situation was becoming dangerous, calling for prompt action to avert a breakdown in con… ( read…
India Allows Bank of China to Open Office in Mumbai
As part of a major confidence-building exercise, the Reserve Bank of India (RBI) has granted permission to the Bank of China to operate offices in India. New Delhi (Sputnik) — The 106-year-old Bank of ……
China says will not fire first shot in trade war with U.S.
BEIJING (Reuters) – China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A…
‘China doesn’t need to punish itself for others’ foolish trade policies’: Wall Street warns Beijing against weakening its currency
Amid China’s currency sell-off and trade battle with the US, some analysts are drawing comparisons to 2015, when the country’s central bank allowed the yuan to drop nearly 5%. The yuan on Tuesday hit ……
China’s monetary policy loosening is a sign that the central bank is gearing up for a fight
The People’s Bank of China’s decision to cut the reserve requirement ratio by 50 basis points suggests the central bank has finally started to fine-tune monetary policy in response to growing pressure on the economy…
China’s Central Bank Faces Policy Bind Over Debt, Growth Goals
China’s central bank is caught in a bind, as it seeks to tighten monetary policy for some parts of the economy while loosening it for others. Already engaged in the mammoth task of wringing bad…
Tumbling Yuan Challenges China’s Central Bank
The yuan’s rapid slide is posing a new test for Beijing as it grapples with a looming trade war, putting the central bank under pressure to revive the kind of interventions undertaken in the past…
Asian shares battered by China turbulence as trade war anxiety heightens
Speculation was rife China’s central bank was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan, while stocks came off a searing sell-off in the morning. Chinese…
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