Category: FINANCE

SHANGHAI Healthy financial institutions are a prerequisite for preventing a financial crisis, and further opening will help build a strong and competitive financial sector, China's central bank governor Zhou Xiaochuan said on Tuesday. Speaking at an annual ... ( read original story ...)

China's financial services industry had benefited from opening up, and must continue to do so, said PBOC governor Healthy financial institutions are a prerequisite for preventing a financial crisis and further opening will strengthen the sector, said Zhou ... ( read original story ...)

China’s benchmark Shanghai Composite Index has struggled this year amid a government campaign to cut risk in the financial sector and waning interest by the nation’s army of individual investors. The gauge has fallen more than 4 per cent since its mid ... ( read original story ...)

South Korea’s new finance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an early end to China’s action against Korean companies as part of retaliation for Seoul’s ... ( read original story ...)

Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were disappointed by its openness to investing in coal projects. ( read original story ...)

Kim says Korea-U.S. free trade is mutually beneficial South Korea’s new finance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an early end to China’s action against Korean ... ( read original story ...)

Incentives will be established to boost the development of green finance, especially interest discounts and tax incentives, from the central and local governments, Chen Yulu, vice-governor of the People's Bank of China, said during a policy briefing. ( read original story ...)

Hong Kong, which last week joined the Beijing-led Asian ­Infrastructure Investment Bank by agreeing to pay US$155 million over five years, is now lobbying the AIIB to set up a regional office in the city, Financial Secretary Paul Chan Mo-po told the ... ( read original story ...)

Bank of Tianjin issued an ABS in July 2015 that was created from loans to just 22 borrowers, with lending to Shandong Shanshui Cement Group, a struggling cement maker, accounting for 12 percent of the underlying assets. In another case, the China ... ( read original story ...)

If you get into a car accident in China, you can simply pull out your smartphone, take a photo, and file an insurance claim with an AI system. That system, from Ant Financial, will automatically decide how serious the ding was and process the claim ... ( read original story ...)