It also imposes an asset freeze on two companies and two banks. Apparently the newly sanctioned Foreign Trade Bank is “a very critical clearing house for foreign exchange” for North Korea, and the Mansudae Overseas…
FINANCE
United Nations bans key North Korean exports over missile tests
Washington, frustrated that China has not done more to rein in North Korea, has threatened to exert trade pressure on Beijing and impose sanctions on … including North Korea’s primary foreign exchange bank, subjecting them…
UN imposes tough new sanctions on North Korea
China’s Foreign Minister Wang Yi called for all sides in the nuclear dispute to return to negotiations and repeated Beijing’s proposal for a “double … called the newly sanctioned Foreign Trade Bank “a very critical…
THAAD deployment causes South Korea’s biggest ever services deficit with China
The Bank of Korea (BOK) previously predicted the South Korea-China … in value-added as a result of the conflict between Seoul and Beijing. “An analysis of Chinese tourists before the group tourism ban shows around…
UN bans key North Korea exports over missile tests
Washington, frustrated that China has not done more to rein in North Korea, has threatened to exert trade pressure on Beijing and impose sanctions on … including North Korea’s primary foreign exchange bank, subjecting them…
Asean set to deliver ‘strong message’ on North Korea missiles tests
“Regarding North Korea’s recent missile launch, once again in violation of UN Security Council resolutions, China has already clearly expressed our opposition”, Wang told a news conference in Beijing … Korea’s Foreign Trade Bank, the…
U.N. vote on U.S. bid to slash N.Korea exports over missile tests
The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them to … time the new resolution is adopted as Beijing is…
China’s central bank to include internet finance in MPA
SHANGHAI: China’s central bank plans to include large systemically important internet finance firms in its Macro Prudential Assessment (MPA), the official Xinhua news agency reported on Saturday. The MPA risk assessment framework already includes checks…
Ex-head of China policy bank gets 14 years for taking US$5.3 million in bribes
China sets up super regulator to mend over fragmented financial regulatory structure The 65-year-old, who had been detained since June last year, was tried at the Intermediate People’s Court of Baoding, central China’s Henan province,…
Fresh fears China’s debt bubble could burst
Beijing has stepped up a deleveraging campaign as part of efforts to maintain economic and financial stability ahead of a key communist party congress later this year. Professor Rogoff suggested that the economy could slow…
No South China Sea trade-off for economic gains, Philippines says
Manila is unlikely to compromise on its maritime sovereignty despite Beijing’s chequebook diplomacy and economic inducements, according to the Philippines’ finance chief. In an exclusive interview with the South China Morning Post, Philippine Secretary ……
China’s banking sector to see stable growth: report
BEIJING, Aug. 5 (Xinhua) — China’s banking sector is expected to grow steadily during the 2017-2018 period with a lower non-performing asset ratio. The commercial banks’ assets are likely to grow by 10 percent a…
Central Bank requires all online payment connect to a unified platform by middle of 2018
Setting up the NUCC is to fix these loopholes and also reduce transaction risks by putting online capital flow under regulation, Guo Tianyong, a professor of Central University of Finance and Economics, was quoted as…
