“Perhaps this does suggest that there is further pressure on the Chinese central bank to sell Treasuries to raise cash in order to meet those capital outflows,” he added. China’s yuan currency had weakened around…
FINANCE
Chinese-funded Silkroad Int'l Bank opens in Djibouti
Dawaleh said the opening of the bank was the latest example of China’s long-term support for infrastructure development in Djibouti. The Chinese government is developing the best relations with Djibouti based on the principles of…
China's move to relax foreign investment restrictions too late for ANZ
However, many foreign banks and investment groups, including Australia’s ANZ, have already sold out of their interests in China, frustrated by the slow pace of reforms. Earlier this month, ANZ sold its 20 per cent…
Foreign business skeptical of China’s promised opening
The State Council said on its website that China would lower restrictions on foreign investment in a broad range of financial services, plus telecommunications, the internet, culture, education and transport sectors. It also said it…
China economic growth to slow slightly this year as policymakers focus on risks
BEIJING (Reuters) – China’s economy will likely expand 6.5 percent this year as authorities tolerate a further slowdown so they can focus on containing increasing financial risks, but a weakening yuan will complicate their policy…
U.S. lobby says China protectionism fuelling foreign business pessimism
BEIJING (Reuters) – More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying…
Stricter financial supervision needed before exchange rate flows freely
Xie Yaxuan, chief economist with China Merchants Securities, has said the country needs to strengthen financial supervision before allowing the yuan to float freely. He added, however, that a free-floating yuan will not be a…
Adia open to more investments in China
Sheikh Hamed bin Zayed, Adia’s managing director, told China Finance, a bimonthly journal, that steps to liberalise financial markets in China were promising and could lead to more investments in listed companies, fixed income, real…
China’s banks need coordination for debt-equity swaps, CCB says
The Beijing-based bank has an asset-management unit with 12 billion yuan in seed capital awaiting approvals. In addition, it has agreed to swap 50 billion yuan of debt owed by three state-owned mining and energy…
China unveils new plan to further open economy to foreign investment
BEIJING (Reuters) – China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on…
Audi to expand electric car range in China with FAW
An early entrant to China, Audi remains the best-selling premium car brand … up a new company for mobility and digital services as well as closer cooperation in financial services. (Reporting by Andreas Cremer and…
Stable Growth, Multiple Awards: China Rapid Finance Named to Hurun Report
China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s…
Taiwan simulates China attacks as tension rises
Taiwan began two days of military drills Tuesday simulating an attack by China as the government sought to reassure the public in the face of deteriorating relations with Beijing. The island’s armed forces gathered in…
