In July 2014, the People’s Bank of China and the Central Bank of Argentina agreed a currency swap deal worth 70 billion Yuan (US$ 11.3 billion). Argentina is looking to expand an existing currency swap…
FINANCE
Air China resumes flights between Beijing and Pyongyang
SHANGHAI (Reuters) – State carrier Air China will resume regular flights between Beijing and Pyongyang on Wednesday, a company official said, as diplomatic relations improve between China and North Korea. China’s flag carrier indefinitely suspended…
Rubique wins Asian Banker ‘Beijing Financial Innovation Showcase and Competition 2018’
The Beijing Financial Innovation Showcase and Competition is an international competition where leading financial technology players from China and across the globe showcase their skills and solutions. Rubique Technologies Pvt Ltd, a digital financial ……
Australian winemakers press prime minister to end rift with China
SYDNEY (Reuters) – Australian winemakers on Wednesday urged Prime Minister Malcolm Turnbull to visit China to resolve diplomatic tension blamed for trade obstacles that have raised concerns for an export market expected to top A$1…
China makes further progress in risk crackdown as trust firms’ assets fall
BEIJING (Reuters) – Regulators in China are making further progress in reducing risks to the financial system, according to fresh figures on Wednesday that showed a drop in assets in the trust industry, which is…
Chinese Central Bank Develops Blockchain System to Digitize Paper Checks
The People’s Bank of China (PBoC) has revealed a blockchain-powered system to digitize paper checks, local media Financial News reports June 5. The system aims combat financial fraud as well as reduce expenses for printing…
China c.bank injects net 203.5 bln yuan with hefty 1-yr MLF rollover
SHANGHAI, June 6 (Reuters) – China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement.…
GEOSWIFT LAUNCHEs GEOREMIT AT MONEY 20/20 EUROPE TO STREAMLINE P2P MONEY TRANSFERS INTO CHINA
GeoRemit will help consumers swiftly and securely transfer money to 90% of Chinese bank accounts, both debit and credit, in RMB, by utilising Geoswift’s network of banks in China. In most countries, remitting money domestically…
Is A Natural Gas Pipeline Between Alaska And China Realistic?
However, the only news the delegation brought home was that Sinopec and Bank of China were still interested in the project. This declaration of interest is hardly worth a headline, but one outtake from the…
China Central Bank Injects Net 203.5 Billion Yuan With Hefty One-Year MLF Rollover
SHANGHAI (Reuters) – China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement. The fund…
China Hongqiao Inks $4.7 Billion Financing Deal With Industrial Bank
BEIJING — China Hongqiao Group, the world’s biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan (3.51 billion pounds) as it looks to upgrade its…
Macau Casinos Drop for Fourth Day on China Crackdown Speculation
Industrial and Commercial Bank of China (Macau) Ltd. said in an emailed statement Wednesday the bank took action to remove non-compliant machines. Checks of so-called POS systems are routine, it said, and the proportion of…
China reportedly offered to buy nearly $70 billion of US agriculture, energy products
China would buy nearly $70 billion worth of U.S. agriculture and energy products if the Trump administration steps back from tariffs, The Wall Street Journal reported Tuesday, citing sources briefed on the latest talks with…
