Now comes a daunting new challenge – to not only differentiate himself from his predecessor in terms of public finance philosophy, but also to win the trust of his future boss and Beijing. Recent eyebrow-raising…
FINANCE
China suspends North Korean coal imports, striking at regime’s financial lifeline
BEIJING — China will suspend all imports of coal from North Korea until the end of the year, the Commerce Ministry announced Saturday, in a surprise move that would cut off a major financial lifeline…
China halts North Korea coal imports after missile test
“(China) will temporarily stop its imports of coal from North Korea for the rest of this year (including coal for which customs applications have been made but not yet processed),” the commerce ministry said in…
Douglas Todd: How would Vancouver’s housing bubble burst? Look to China
China’s financial systems are porous and there is still, he said, “a great desire for people to try to bring their money out.” It’s likely the latest restrictions will mostly make it difficult for middle-…
China: Our Policies Unaffected by Trump Plan to Bring Factories Back to US
China is closely following U.S. President Donald Trump’s plans to create more domestic jobs by encouraging U.S. companies to bring home or “reshore” their overseas production, but the government will not change its overall strategy,…
China to halt coal imports from NKorea
China is suspending all coal imports from North Korea, a measure taken to comply with sanctions imposed on Pyongyang by the United Nations. The ban will be in place through December 31, according to a…
China's HNA takes three percent stake in Deutsche Bank
FRANKFURT China’s HNA Group (0521.HK) has taken a stake of just over 3 percent in Deutsche Bank (DBKGn.DE) and said on Friday it could buy further shares in the German lender. “We have the fullest…
Central bank reiterates prudent, neutral monetary policy
China’s central bank reiterated Friday in a quarterly report that it will implement a prudent and neutral monetary policy while keeping liquidity basically stable. The People’s Bank of China (PBOC) said it will work to…
UPDATE 1-China central bank says to tighten oversight of company debt, bank assets
BEIJING Feb 17 China’s central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the…
China’s insurance regulator tightens licence approvals to cool sector
have been reiterating since late last year that insurance companies “should not be used as a bank machine or a financing platform”, after several insurance-backed moguls initiated aggressive takeovers that resulted in boardroom raids in…
Report: Bank of China to pay fine in Italy money-laundering
MILAN – Italian media says the Bank of China has agreed to pay a 600,000-euro ($640,000) fine as part of a plea deal in a 4.5-billion-euro money laundering probe. The news agency ANSA reported that…
Bank of China : Hong Kong's Inaugural Money Month Launched
HONG KONG, Feb 18, 2017 – (ACN Newswire) – The Investor Education Centre (IEC) today launched “Money Month,” Hong Kong’s first territory-wide financial education campaign under its cross-sectoral collaboration platform “Hong Kong Strategy for Financial…
Central bank continues net cash injection in money market
BEIJING – China’s central bank made a net cash injection via open market operations for the second consecutive day Friday in an effort to ease a cash strain. The People’s Bank of China conducted 150…
