India’s trade deficit with China has increased to USD 63.12 billion in 2017-18 as against USD 51.11 billion in the previous financial year. China has earlier permitted imports of rice from India. Soft… ( read…
FINANCE
China to revise rules on foreign banks
[Photo/VCG] BEIJING – China Banking and Insurance Regulatory Commission (CBIRC) on Wednesday unveiled a draft instrument on the regulation of foreign banks to solicit public opinions. The revision … ( read original story …)
China to tighten supervision of foreign banks to control risk
The draft regulation released by the China Banking and Insurance Regulatory Commission (CBIRC) made several revisions to the country’s management rules of foreign banks, the commission said in the dra… ( read original story …)
China Gas Boom Opens Free Market Cracks for Trucks and Ships
(Bloomberg) — So you want in on China, the world’s fastest-growing gas market? It would have been virtually impossible last decade. The only gas seen in China was pumped from its own wells and sold…
Beijing’s finance crackdown spills into Hong Kong M&A market
Mainland China’s moves to restrict capital outflow and reduce corporate debt have dented mergers and acquisitions in the Hong Kong market, particularly in insurance. Hong Kong financial firms have alw… ( read original story …)
New Financial Rules Could Allow China’s Smaller Banks to Fail. That’s a Good Thing.
China’s too-big-to-fail banking rules are heading in the right direction. Chinese regulators published new guidelines on Tuesday for supervising the nation’s financial institutions. Of course, Beijing … ( read original story …)
G20 Summit: Four ways China is a major economic driver in Argentina
Since 2015, China has spent $3.6 billion, most of it on transportation and infrastructure projects, says Argentina’s investment and international trade agency. The financial ties extend to a currency … ( read original story …)
China sets about putting house in order, steps up supervision of financial institutions seen as too big to fail
Beijing began the process of improving its supervision of Chinese financial institutions viewed as too big to fail, in latest efforts aimed at defusing risks amid a slowing economy and heightened tens… ( read original…
China improves supervision of key financial institutions
This Aug 3, 2018 photo shows the headquarters of the People’s Bank of China in Beijing, Aug 3, 2018. (PHOTO / VCG) BEIJING – Chinese authoritieshave made public a guideline to improve the supervision ……
Iran-China Banking Obstacles Cleared: Official
In an interview with Tasnim, Asadollah Asgaroladi said problems faced by Iranian merchants in trading with China have been resolved. “As of December 2, a Chinese bank will begin banking transactions w… ( read original…
Beijing: Creation of Artprice and Artron Teams to Conquer the Chinese Art Market, Multiply Artprice’s Turnover and Promote Chinese Art in the West
financial and economic involvement with Artron, Artprice has decided to appoint a Chief Executive responsible for its Chinese and Greater Asia operations, who will reside in Beijing and work … ( read original story …)
China’s Central Bank Can Step Up a Little Faster
It’s true that the People’s Bank of China is not independent, but the central bank of the world’s second-largest economy is outgrowing that excuse. There’s plenty it can and should do without explicit … (…
China has a ‘love-hate’ relationship with blockchain and cryptocurrency, fund manager says
China , Yeung said the Chinese government is investing in the blockchain but said “what they are not endorsing is the crypto part of things, which is challenging the fundamental of financial … ( read…
