SHANGHAI China’s primary money rates fell on Friday, but remained elevated, after the central bank provided banks with liquidity support, to help avert a cash crunch before the Lunar New Year. The People’s Bank of…
FINANCE
China’s fintech industry shows where the rest of the world is heading
No notes are counted out, no coins bounce and clatter into cash registers, no-one queues at the bank. “The country leads the world when it comes to total users and market size,” observed a McKinsey…
China offers temporary funding to major banks
A woman walks past the headquarters of the People’s Bank of China in Beijing. Commercial banks had 11tn yuan ($1.6tn) of sovereign and financial bonds outstanding as of December, a former PBoC official said yesterday.…
China 'cuts reserve ratios for five big banks temporarily'
The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by one percentage point, taking the ratio down to 16 per cent. It will restore their RRR to the…
China Saite : halts financial services business buy
the memorandum of understanding regarding the possible acquisitions of not less than 90% interest of a company incorporated in Hong Kong, which is principally engaged in the provision of asset management, wealth management and general…
China’s GDP beats expectations but debt risks loom
But Beijing’s decision to prioritize its official growth target could exact a high price, as policy makers grapple with financial risks created by an explosive growth in debt. China’s debt to GDP ratio rose to…
China launches state financial media group: Xinhua
SHANGHAI China has merged five state media companies in a bid to improve the quality and influence of the country’s economic and financial news services, state news agency Xinhua reported on Friday. Last week, China’s…
China Said to Relax Index Futures Curbs as Market Steadies (2)
China Financial Futures Exchange will cut transaction fees, lower margin requirements for non-hedging accounts and double the number of new positions such traders are allowed to open per day, the people said. The updated rules…
China’s IPO craze a hurdle for new financial market reform
A buying craze in newly listed stocks may eventually crimp efforts by China’s securities regulators to deregulate the IPO system, say analysts and industry watchers. Investing in initial public offerings (IPO) can sometimes bring investors…
China cuts reserve ratios for big five banks temporarily amid cash crunch: sources
SHANGHAI China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of…
China Aviation Oil Singapore : Date of Release of 2016 4th Quarter and Full-Year Unaudited Financial Results
Description (Please provide a detailed description of the event in the box below – Refer to the Online help for the format) DATE OF RELEASE OF 2016 4th QUARTER AND FULL-YEAR UNAUDITED FINANCIAL RESULTS China…
China GDP beats expectations but debt risks loom
BEIJING (Reuters) – China’s economy grew a faster-than-expected 6.8 percent … as policymakers grapple with financial risks created by an explosive growth in debt. The fourth-quarter figure is the first time in two years that…
China’s Economy Grows Strongly, Yet Central Bank Eases Policy
BEIJING — China’s economy firmly hit its growth target … And in an unusual move, its central bank on Friday took an extra step to inject more money into the economy over the next month.…
