The Bank of China has been announced as the first official partner of the Beijing 2022 Olympic and Paralympic Winter Games. A signing ceremony took place in the organisation’s headquarters in the Chinese capital earlier…
FINANCE
China defends imports of North Korean iron ore
BEIJING — China defended Thursday its purchase of iron ore from North Korea following criticism by U.S. President Donald Trump and said it is “strictly and earnestly” complying with U.N. sanctions. China stopped importing North…
Too Little Too Late? Why Chinese Banking Reforms May Not Be Enough To Keep Money Flowing
China’s economic expansion requires a responsive and responsible banking system to keep money flowing. This means financial reform in how China does business or else face severe financial implications having global consequences. China’s economy has…
What’s on the Agenda at China’s Five-Yearly Finance Meeting: Q&A
The next meeting of the National Financial Work Conference takes place July 14-15 in Beijing, with President Xi Jinping expected to attend. There’ll be plenty to talk about. Reining in financial risk is a key…
China’s export, import growth accelerate in June
BEIJING — Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the world’s No. 2 economy. Exports rose 11.3 per cent to $196.6 billion, up from…
CHINA RISING: Beijing puts down banking roots in CEE
China has begun buying banks in CEE as part of its plans to deepen ties with the region. Three banking acquisitions are already closed and at least two more are pending approval by regulators. The…
China’s central bank: We’ll boost ability to adjust interest rates
BEIJING China’s central bank said on Thursday that it will strengthen the ability to adjust interest rates and improve efficiency of its medium-term lending facility (MLF), standing lending facility (SLF) and reverse repos operations. The…
Risks in China’s banking sector controllable: official
BEIJING, July 11 (Xinhua) — The deputy head of China’s banking regulator said risks in the sector are generally controllable despite lingering uncertainties. Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, told Xinhua…
China’s central bank mulls further yuan reforms
The Financial News article also comes after the central bank said in May that it was considering changing its mechanism for guiding the yuan’s value, an announcement widely interpreted as a sign Beijing would tighten…
China Focus: China’s central bank seeks stable liquidity as cash injection resumes
BEIJING, July 12 (Xinhua) — With resumed cash injection into the market, China’s central bank has sent a clear signal of maintaining stable liquidity, dispelling concerns about monetary tightening. The People’s Bank of China (PBOC)…
Auckland traffic “as bad as Beijing”
says Auckland transport needs could give the comparatively recent arrival in New Zealand banking an “unparalleled opportunity to grow”. “I am surprised the traffic jams in Auckland are as severe as Beijing,” he says. “People…
UPDATE 1-China’s shadow banking lacks sufficient regulation -c.bank
BEIJING, July 4 (Reuters) – China’s central bank said on Tuesday the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls. Compared with traditional bank lending, the…
China central bank adviser calls for zombie company clean-up fund
Beijing may currently favour megamergers when it comes to reform of state-owned enterprises, but at least one central bank adviser is suggesting a different approach to dealing with China’s lossmaking zombie companies. “Placement of employees…
