UBS Group AG, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing. Sam Kendall, who was promoted…
FINANCE
China Bank arranges P4-B loan for CebuPac
MANILA, Philippines – China Banking Corp. is now one of the biggest local players in aviation financing after arranging a P4 billion loan facility for Cebu Air Inc. (Cebu Pacific) to bankroll its fleet expansion…
China's central bank skips open market operations
BEIJING, March 29 (Xinhua) — China’s central bank on Wednesday skipped the open market operations of reverse repos, siphoning liquidity from the market. This was the fourth consecutive business day that the People’s Bank of…
China promises better financial support for manufacturing upgrade
BEIJING, March 28 (Xinhua) — Chinese authorities on Tuesday promised “multi-pronged financial support” for the manufacturing sector as the government looks to shift the country away from low-end manufacturing to more value-added production. In a…
Is China Deleveraging? Part II
Financial sector debt also appears to be proppring up financial and non-financial firms. It has become a note of the excessively optimistic China bull to argue China is deleveraging. In part I of this brief…
Wary of Trump, China launches EU charm offensive: diplomats
An investment treaty would go some way to quiet criticism in Europe of such unequal ties but the talks, which started in 2013, require Beijing to open sensitive sectors like technology and financial services to…
China calls for explanation after Paris police shoot dead Chinese man
PARIS/BEIJING (Reuters) – French police said on Tuesday they opened an inquiry after a Chinese man was shot dead by police at his Paris home, triggering rioting in the French capital by members of the…
World looks to China for growth but it has its own problems at home
On Friday, Vice Finance Minister Liu Wei said China’s debt risks are “very much under control” and that the issue is of “great importance” to the authorities. At a separate panel, former vice president of…
China’s HNA in talks to buy controlling stake in Forbes: sources
a media firm that runs the website of influential financial publication Caijing magazine, for an undisclosed sum, records with China’s state-run corporate register showed. “Going forward, HNA will continue to scout for good-quality domestic and…
China’s influence on global finance grows as US scales back input
As the US scales back its participation on the global stage, China has been scaling up. Ever since the financial crisis, Chinese institutions have been providing lifelines to foreign countries and billions of dollars in…
China will improve 'policy framework' for cross-border yuan use: central bank
BEIJING China’s central bank said on Monday that it will improve the “policy framework and infrastructure” for cross-border use of the yuan and boost the Chinese currency’s role in investment and reserves. The People’s Bank…
Alibaba's finance arm to allow financial institutions to set up shop in investing app
Ant Financial’s own Alipay app, which provides a wide variety of payments and other mobile services, also has such a channel for businesses. Since 2014, WeChat, China’s most popular mobile messaging app, has got tens…
China's favored candidate chosen as Hong Kong’s leader
China agreed to a policy of “one country, two systems:” The communist regime would regain sovereignty, but the bustling Asian financial hub would maintain its open economic and political systems. For advocates of greater democracy…
