Such was the buying that China’s government began placing restrictions on overseas deals to stop huge outflows of funds destabilizing the yuan. The yuan has since stabilized, while China’s foreign reserves have risen. The government…
FINANCE
China Analysts’ Cut-Throat Fight for $1 Million Paycheck
A million-dollar paycheck might not turn heads on Wall Street, but it’s a tidy sum in China, where the financial industry is still dominated by government-owned institutions with a history of conservatism on pay. In…
Tea and Tiananmen: Inside China’s new censorship machine
TIANJIN, China, Sept 29 (Reuters) – In a glass tower in a trendy part of China’s eastern city of Tianjin, hundreds of young men and women sit in front of computer screens, scouring the Internet…
China 40: Record Outbound Investment Fuels Growth As Top Firms Reveal PEP For First Time
Riding China’s record-setting outbound investment boom, the country’s largest law firms are catching up with their global counterparts in financial performance. A historic volume of $221bn in M&A during 2016, as measured by Thomson Reuters,…
China Tо Bооst Financial Suppоrt Fоr Small Businesses
HONG KONG (Reuters) – China’s cabinet said on Wednesdaу that it will take a number of measures, including tax exemptions and targeted reserve requirement ratio cuts, tо encourage banks tо support small businesses. Financial institutions…
China orders North Korean businesses closed under UN sanctions
China is North Korea’s main trading partner, making Beijing’s co-operation essential to the success of sanctions aimed at stopping the North’s pursuit of weapons technology BEIJING — China on Thursday ordered North Korean-owned businesses to…
Assets held by private banks in China surge 22pc in value
The results underline just how China’s domestic retail banking giants now dominate the wealth management industry. China Merchants Bank (CMB) Private Banking led the pack with over 1.6 trillion yuan in AUM. It also enjoys…
WEF issues GLOBAL financial crash warning on TWO huge world powers
It’s just a decade since the financial system was brought to its knees by risky lending. Yet China’s debt has ballooned to sky-high levels, in a worrying echo of the United States before the 2007-08…
China increases financial support for small and micro businesses
China will further bolster its small and micro businesses with more financial measures in order to increase economical vitality, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang…
China steps up financial support to small and micro businesses
China will further bolster its small and micro businesses with more financial measures to increase vitality of the economy, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang…
China’s private banks grow their assets
A man passes by a wealth management center of China Merchants Bank in Nanjing, capital of Jiangsu province.[Photo/VCG] China’s top 10 private banking institutions managed 7.5 trillion yuan ($1.12 trillion) of assets at the end…
China to boost financial support for small businesses
HONG KONG (Reuters) – China’s cabinet said on Wednesday that it will take a number of measures, including tax exemptions and targeted reserve requirement ratio cuts, to encourage banks to support small businesses. Financial institutions…
China Finance Online Co. Limite (NASDAQ:JRJC) Among Today’s Biggest Gainers – Up by 3.43%
China Finance Online Co. Limite is now up by 3.43% percent from yesterday’s close and has one of the biggest price gains of the day. 47,857 shares have changed hands. Short traders are more bearish…
