China must press on with a “trinity” of reforms to fully realise an open economy, Zhou Xiaochuan, the country’s central bank chief for the last decade-and-a-half, told influential financial magazine Caijing in what could be…
FINANCE
A report co-authored by a People’s Bank of China researcher says China’s economy is about to hit a wall
China’s economy may soon start feeling some negative payback for stimulus policies that have helped growth to rebound but at the cost of rising corporate debt levels, according to a new paper from the Federal…
China’s central bank could adjust policy again
The People’s Bank of China (PBOC) headquarters in Beijing, China. Photographer: Qilai Shen/Bloomberg China’s central bank could adjust monetary policy again in the coming months, in response to changes in the economy or the shifting…
Quick Take: China’s Weakest Province Will Have Its First Privately Owned Bank
China is trying to leverage private capital to revive the worst-performing provincial-level economy. On Monday, Liaoning Zhenxing Bank Co. Ltd. won approval to operate as the first privately owned bank in the northeastern province, the…
‘Reasonable, legal and rational’: Legislature’s Finance Committee chief defends plan to change meeting rules
Pro-Beijing lawmaker Chan Kin-por has defended his proposed initiative to curb filibustering at the Legislative Council’s Finance Committee. Chan, who chairs the committee, said he has prepared documents to enact “chairman directives” to cut short…
London Finance Show: China ‘another growth opportunity waiting to happen’
Tim Harrison, head of wealth management at Linear Investments, says investors should switch their focus to China if the US starts to slow down. “It looks as though China is starting to gather pace. It…
Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS Collaborate to Advance an Open, Blockchain-based Trade Finance Platform
The Bank of Montreal (BMO), CaixaBank … Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester … ( read…
Sino-Japanese thaw: Beijing expects concessions
hand-carried to Beijing by Nikai Toshihiro, secretary general of the Liberal Democratic Party. In the letter, Abe expressed interest in joining the Asian Infrastructure Investment Bank. Japan and the US are the only two major…
Shanghai Shares Rise as China Markets Reopen; Banks Lead Advance
The Shanghai Composite Index gained 1.1 percent to 3,386.47 at 9:57 a.m. local time. Industrial & Commercial Bank of China Ltd. advanced 2.8 percent after the central bank said it will reduce the amount of…
China’s Central Bank Could Adjust Policy Again, Goldman Sachs Says
China’s central bank could adjust monetary policy again in the coming months, in response to changes in the economy or the shifting agendas of top political leaders following the 19th Party Congress, according to Goldman…
China c.bank queries banks on MLF demand, expected to inject funds on Fri
SHANGHAI, Oct 9 (Reuters) – The People’s Bank of China (PBOC) asked some commercial banks on Monday about their demand for medium-term lending facility (MLF) loans, market sources with direct knowledge of the matter said.…
Outlook for S. Korea-China Currency Swap Uncertain
Korea and China sealed the swap deal three years ago, following two extensions in 2009 and 2014. The country first made the won-yuan currency swap in December 2008 as Korea sought to further prepare itself…
Cash is already pretty much dead in China as the country lives the future of mobile pay right now
Lack of red tape and a less developed financial system have apparently allowed mainland China to leapfrog the developed world into embracing mobile payments. Mobile payment volume in the country more than doubled to $5…
ADVERTISEMENT
