China’s local governments have accumulated RMB24 trillion … it builds up a large amount of leverage throughout the financial system, which is a potential risk to financial stability. Throughout his term, Lou devoted much of…
FINANCE
Developing financial systems to support sustainable growth in China
The ESRC and National Natural Science Foundation of China (NSFC) are pleased to announce nine new collaborative research projects that seek to develop and deepen our understanding of the Chinese financial system and its crucial…
China's Tianjin Airlines extends China-Britain service
China´s Tianjin Airlines has extended China-Britain service with the addition of a new flight route from London to Xi´an, capital of Northwest China´s Shaanxi province, the company said. The new flight service will be operated…
China pushes Asia-Pacific trade deals as Trump win dashes TPP hopes
BEIJING (Reuters) – China will seek support for a Beijing-led Asia-Pacific free trade area at a regional summit in Peru later this month, Chinese officials said on Thursday, after Donald Trump’s U.S. election win dashed…
U.S. should have joined China-led infrastructure bank-Trump adviser
HONG KONG A top adviser of U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank (AIIB), suggesting a possible policy shift when Trump takes…
More Chinese banks line up for London despite Brexit
“Both sides welcome the continuing interest by firms, including Agricultural Bank of China (UK), Shanghai Pudong Development Bank, and others, in submitting further applications to establish branches in the UK, once they are ready to…
UK looks to rekindle China investment ties after Hinkley hiccup
LONDON (Reuters) – Britain will seek to rekindle its “Golden Era” of relations with China on Thursday in talks with Chinese Vice Premier Ma Kai focussed on trade, infrastructure investment and closer financial cooperation. Ma’s…
China: WeiyangX Fintech Review
It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds, which used…
China may fully open investment banking sector
Wall Street banks may soon be able to establish wholly owned investment banking business on the mainland as China is reportedly considering fully opening the country’s investment banking sector. The China Securities Regulatory Commission has…
China forex reserves hit lowest value since 2011
The US$45.727 billion drop was the fourth consecutive monthly decline and took China’s overseas-currency warchest to US$3.121 trillion, according to the People’s Bank of China. The consumption of non-fossil energy must accounts for 15% of…
China c.bank to keep liquidity ample, curb asset bubbles
BEIJING Nov 8 China’s central bank said on Tuesday that it will maintain ample liquidity and achieve reasonable growth in money supply and credit, while taking steps to control asset bubbles and financial risk. The…
The Initial Joint Promotion of Educational Innovation between Chinese Financial and Educational Organizations
SHENZHEN, China, Nov. 8, 2016 /PRNewswire/ — On November 5, 2016, the 10 th China International Financial Expo ‘China Educational Financial Summit Forum’ was held in Shenzhen. Under the guidance of the Shenzhen Municipal government,…
China central bank to keep liquidity ample, curb asset bubbles
BEIJING (Reuters) – China’s central bank said on Tuesday that it will maintain ample liquidity in the country’s financial system while taking steps to prevent asset bubbles in an increasingly leveraged economy. In its third-quarter…
