The dollar eased against the yen in Asia on Friday with no major regional data ahead, but investors are keeping a close eye on China as borrowing by some major private firms to buy assets…
FINANCE
Standard, ICBC back Chinese firms in Africa’s B&R markets
Standard Bank, Africa’s largest lender, and Industrial and Commercial Bank of China, the country’s largest lender, have teamed up to extend loans and foreign exchange services to Chinese companies operating in African countries that are…
Beijing refused to step in during 1998 Hong Kong financial crisis, former city chief reveals
Beijing declined the Hong Kong government’s request to have experts intervene in the city’s financial crisis after the 1997 handover in order not to breach “one country, two systems”, the city’s leader at the time…
China shadow banking is slowing amid more coordinated government measures, says Moody’s
Growth in shadow banking in China is slowing due to coordinated government action to contain systemic financial risks, a development that will benefit banks, although it will also bring adjustment risks, Moody’s Investors Service said…
Shadow banking in China: the potential for financial domino effect
Jobs and economic expansion are key goals for China’s policymakers. But capital acquisition by firms can be difficult and lead them to shadow banking which may cause serious economic and financial consequences. China must expand…
China trade with North Korea up but imports off
BEIJING — China’s trade with North Korea has risen despite … banks and companies that are considered to be involved in facilitating illicit North Korean financial activity,” Biswas said in an email. Stepped-up sanctions against…
Fitch Assigns Beijing Capital Group’s Notes Final ‘BBB’ Rating
The notes are unconditionally and irrevocably guaranteed by International Financial Center Property Ltd., a wholly owned subsidiary of Beijing Capital Land Ltd. (BCL; BB+/Stable), which is in turn a 54.5% directly owned listed subsidiary of…
The Latest: China hopes for trade consensus with US at G20
A Chinese finance official says he hopes Washington and Beijing will be able to bridge gaps over trade at the Group of 20 meetings in Hamburg. Zhu Guangyao, a Chinese deputy finance minister, told reporters…
BRIEF-Bank Of Beijing to pay A shares annual div for FY 2016 on July 12
July 6 Bank Of Beijing Co Ltd : * Says it will pay cash dividend of 0.25 yuan(before tax)/share and use additional paid-in capital to distribute 0.2 new shares/share for 2016 to shareholders of record…
China’s central bank continues to suspend cash injections
BEIJING, July 6 (Xinhua) — China’s central bank Thursday suspended open market operations for a tenth trading day in a row, citing a relatively high level of liquidity in the banking system. With 70 billion…
After year-long wrangle, China sets date to confront financial risks
Beijing will hold a long-delayed key financial work conference this month, putting the focus on financial security in the run-up to an expected changing of the top Communist Party guard later this year, sources and…
China’s shadow banking lacks sufficient regulation: central bank
BEIJING 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 opaque nature of shadow…
China central bank doubles June liquidity injections to avert cash crunch
BEIJING China’s central bank injected a net 99.5 billion yuan ($14.65 billion) into the financial system via short- and medium-term liquidity tools in June, up 95 percent from the previous month, to ease tight cash…
