China’s imports surged almost 40 percent last month, data showed Wednesday, fuelled by higher commodity prices and strong domestic demand, bolstering hopes that the world’s number two economy is getting back on track. Leaders will…
FINANCE
China posts first monthly trade deficit in 3 years as imports soar
with China-bound exports dropping 13.4 percent. Elsewhere, Trump administration trade adviser Peter Navarro said on Monday that the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues. Meanwhile, the…
China says NKorea could suspend nukes for halt in US drills
BEIJING (AP) — China’s foreign minister said Wednesday that North Korea could suspend its nuclear and missile activities in exchange for a halt in joint U.S.-South Korea military drills, in an unusually public proposal that…
China Huarong to establish up to five local bad debt managers this year
and resolving systemic financial risks,” said Lai, a delegate to the annual meeting of China’s national parliament. China’s banking regulator last October amended regulations, allowing each province to set up two local AMCs, from one…
Chinese Fintech Firms Launch Blockchain Supply Chain Finance Platform
An online marketplace lender and a subsidiary of a major electronics firm have united to launch ‘Chained Finance’, China’s first blockchain platform for supply chain finance. The solution is aimed at providing better financing possibilities…
China urges US-N.Korea deal to avert 'head-on collision'
China on Wednesday called on North Korea to suspend its nuclear and missile activities in exchange for the US and South Korea halting military wargames, to prevent what it called a “head-on collision.” Foreign Minister…
Landmark ruling for Chinese bank can't be collected from Metro Vancouver homes
A Chinese bank has won a landmark ruling against a Chinese man who allegedly disappeared from China with an unpaid $10-million dollar loan in 2014, and quickly purchased four Vancouver-area homes. China CITIC Bank won…
No defence spending number in China's budget? No problem, says finance minister
BEIJING (REUTERS) – Chinese Finance Minister Xiao Jie on Tuesday (March 7) downplayed the lack of defence spending numbers in this year’s budget as there had been in previous years, saying there was no problem…
China regulator asks banks to assess liquidity position, credit risks
SHANGHAI China’s banking regulator has asked banks to inspect how they monitor their liquidity positions and how much credit risk they are carrying, according to a notice seen by Reuters. The move comes amid concern…
China Unseats Eurozone as World’s Largest Banking System
New analysis by the Financial Times shows China’s banking system has overtaken the eurozone to become the world’s biggest by assets. The status reflects the country’s increasing global influence and its reliance on growth driven…
China's Banking System Hits $33 Trillion, Overtaking The Eurozone As World's Largest
Something historic, if largely unnoticed, took place at the end of 2016: China’s banking system surpassed that of the eurozone, becoming the world’s largest by assets, which according to the FT is a sign of…
Landmark ruling for Chinese bank can't be collected against Metro Vancouver homes
A Chinese bank has won a landmark ruling against a Chinese man who allegedly disappeared from China with an unpaid $10-million dollar loan in 2014, and quickly purchased four Vancouver-area homes. China CITIC Bank won…
Banking regulator advisor calls for vigilance on financial risks
a special advisor to China Banking Regulatory Commission, said Monday. Effective measures should be taken to oversee financial transactions and products yet to be covered by government regulation, Yang said at a press conference on…
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