BEIJING China’s Finance Minister Xiao Jie, who attended last week’s G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism. G20 finance ministers and…
FINANCE
China central bank should clarify rate policy, improve communication: working paper
BEIJING China’s central bank should clarify its new short-term policy rate and the target rate level as soon possible, according to a central bank working paper, as authorities in the world’s second-largest economy slowly shift…
China prepares to counter any U.S. trade penalties: sources
China could respond with actions such as finding alternative … A glimpse of the uncertain future, however, came on Saturday in a communique after a meeting of finance ministers at the G20 in Germany, which…
Finance Canada says there are ‘limits’ to transparency on gender-based analysis
A newly released memo from Finance Canada says departmental officials regularly … Canada committed to using gender-based analysis in 1995, as part of ratifying the UN Beijing Declaration and Platform for Action, but the auditor…
Retirement planning should be more annuities driven, urges Chinese elderly finance group
“We need more cuts in corporate contributions to the state pension system and have more employers build up the annuity sector, which is still in its infancy,” said Dong Keyong, secretary general of China Ageing…
China vows to boost BRICS financial cooperation: ministers
China will work actively with parties concerned to push forward the financial cooperation among the BRICS countries and make more achievements, China’s finance minister and central bank chief have said. They made the remarks on…
China regulates fund outsourcing business in fresh move to curb shadow banking: Sec Times
SHANGHAI China’s securities regulator has introduced new restrictions for financial institutions seeking to outsource fund management to external fund managers, the official Securities Times reported on Monday, as the government tightens shadow banking. ( read…
China bad loan risks under control: banking regulator vice chairman
BEIJING The performance of China’s banking sector this year has been “so far, so good”, Wang Zhaoxing, vice chairman of China’s bank regulator, said on Saturday as banks take aggressive action to control the rise…
China: WeiyengX Fintech Review
Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing. Officials attending the press conference included: Zhou Xiaochuan: Governor of the…
China's Ant confident of closing MoneyGram deal: executive
Ant, which dominates China’s online payment market but has been ramping up … So I would expect to see some other partnerships this year,” Feagin said. Ant Financial is currently in talks with Indonesian media…
Shadow Lending Threatens China’s Economy, Officials Warn
BEIJING — The chairman of China’s biggest bank and a senior Chinese insurance regulator issued strong warnings on Saturday about the dangers of shadow banking to the Chinese economy, in the latest signs of growing…
Beijing to expand funding for reducing air pollution
The municipal government plans to spend up to 18.2 billion yuan ($2.6 billion) this year on stronger pollution-control measures, the Beijing Finance Bureau said. In 2014, the special allocation for air pollution was 12.9 billion…
North Korea, South China Sea on Tillerson agenda in Beijing
BEIJING (AP) — U.S. Secretary of State Rex Tillerson arrived in Beijing on Saturday for his first face-to-face talks with Chinese leaders expected to focus on North Korea’s nuclear program, trade and South China Sea…
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