BEIJING Net foreign exchange sales by China’s central bank fell to the lowest in nearly two years in April as capital outflows eased in the face of strict regulatory curbs and a pause in the…
FINANCE
China's central bank sets up fintech committee
BEIJING China’s central bank has set up a fintech committee to study the impact of fintech on monetary policy, financial market, financial stability, payment and clearing. The People’s Bank of China (PBOC) made the announcement…
Bank of China given licence to operate in Pakistan by central bank
ISLAMABAD Pakistan’s central bank has granted government-run Bank of China a licence to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday. China…
China regulator launches emergency risk assessments in shadow banking crackdown – sources
SHANGHAI May 12 China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, according to sources with direct knowledge of the matter. The China Banking Regulatory Commission’s investigation will include ……
This Caribbean Bank Wants Chinese Money No One Else Will Touch
So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, Standard Chartered Plc and others.…
State Bank grants banking licence to Bank of China
The State Bank of Pakistan (SBP) has issued a banking licence to the Bank of China, a press release on Saturday said. The bank will commence its business in branch mode after meeting other regulatory…
China’s Bank Lending Expanded in April
BEIJING—Strong demand from households and businesses drove up bank lending last month, though nontraditional credit slowed as the authorities moved to restrict shadow banking. Chinese financial institutions issued 1.1 trillion yuan ($159.3 billion) worth ……
China stocks rise as c.bank injects funds; Hong Kong edges up
China’s main stock indexes extended gains on Friday morning, as the central bank’s move to inject funds amid liquidity worries offered some solace. The CSI300 index rose 0.5 percent, to 3,373.49 points at the end…
China able to keep its financial markets stable, Premier Li says
BEIJING Chinese Premier Li Keqiang said on Sunday that China is capable of maintaining stability in its financial markets. China will also strike a balance between financial stability, gradual deleveraging and steady economic growth, Li…
China's Xi says Silk Road plan boosts finance, security ties
BEIJING (AP) — Chinese President Xi Jinping has called for closer cooperation among countries across Asia and Europe in areas from anti-terrorism to finance, as officials from dozens of governments met to promote a Beijing-led…
U.S., China make trade deal
The United States and China have agreed to increase access for U.S. financial firms in China and expand trade in beef and chicken. Fred Katayama reports. China agreed to open its market to U.S. card…
While B.C. counts ballots, the U.S. signs a big LNG deal with China
The three co-chairs — Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross of the United States and Vice Premier Wang Yang of China — reached consensus on issues such as agricultural trade,…
Bank of China given license to operate in Pakistan by central bank
ISLAMABAD Pakistan’s central bank has granted government-run Bank of China a license to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday. China…
