SHANGHAI China’s central bank stepped in to urge major commercial banks to lend to non-bank financial institutions on Thursday afternoon after many suspended interbank operations amid tight liquidity conditions, Caixin reported on late on Thursday.…
FINANCE
Chinese leaders pledge stable currency, less financial risk
The Chinese leadership also pledged to make a priority of preventing financial risks. Rising debt has fueled concern about possible threats to China’s financial system in the event of defaults. Beijing’s reliance on credit to…
Shanghai stock exchange, china financial futures exchange and deutsche börse agree on joint venture gbp vs usd bloomberg
Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Deutsche Börse: Shanghai Stock Exchange, China ……
Ant Financial makes inroads in South Korea
China’s internet finance heavyweight Ant Financial Service Group gained another foothold in overseas expansion, after a local lender it helped launch obtained the first operating license for internet-only banks from South Korean regulators. The move…
Why buying China bonds and stocks is looking dicey
Analysts expected the bond yields were only headed even higher, despite the controls. “The capital controls make China’s financial markets the least exposed [in Asia] to selling pressure emanating from the U.S. Treasury market, but…
China cedes top U.S. creditor crown to Japan as yuan struggles
Japan’s holdings eclipsed China’s for just one month in February 2015, the first time since the 2008-2009 global financial crisis. “China has been selling dollars to keep the yuan steady while Japan is very happy…
China expected to lose top U.S. creditor crown to Japan as yuan struggles
Japan’s holdings eclipsed China’s for just one month in February 2015, the first time since the 2008-2009 global financial crisis. “China has been selling dollars to keep the yuan steady while Japan is very happy…
China defends its right to 'ready slingshot' in South China Sea
BEIJING (Reuters) – China defended its right on Thursday to put “necessary military installations” on artificial islands in the South China Sea, after a U.S. think-tank said Beijing appeared to have deployed weapons such as…
Fonterra to fund its Chinese operations with new $300m banking facility
Fonterra has set up a $300 million bank facility with Bank of China New Zealand which the co-operative says will provide greater flexibility in how it funds its Chinese operations. Bank of China established a…
What Donald Trump’s China playbook tells us about his plans for Canada
Earlier this month, Trump accepted congrats from Taiwanese President Tsai Ing-wen, in an effective breach of the United States’ “One China” policy. Under that long-standing policy, the U.S. does not maintain official diplomatic relations with…
China may penalise U.S. automaker over price-fixing; GM, Ford shares off
The warning from a senior Chinese state planning official, conveyed through the official China Daily newspaper on Wednesday, came days after U.S. President-elect Donald Trump questioned the longstanding U.S. policy of acknowledging that Taiwan is…
Targeting U.S. automaker signals possible China retaliation over Trump talk
WASHINGTON/BEIJING (Reuters) – China’s plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations. Trump’s assertion…
China bank lending heads for record as November new loans rise despite debt fears
BEIJING Chinese banks extended 794.6 billion yuan ($115.10 billion) in new yuan loans in November and look set to lend a record amount this year as Beijing boosts the economy to meet growth targets despite…
