Category: FINANCE

HONG KONG Hong Kong's respected former financial secretary John Tsang on Thursday confirmed ... The city's next leader will be chosen by a 1,200-member election committee stacked with Beijing loyalists on March 26. The former British colony returned ... ( read original story ...)

BEIJING (Sputnik) — China's State Administration of Foreign Exchange (SAFE) will further develop and expand cooperation with Russia in the banking sector in 2017, a spokeswoman for the SAFE said Thursday. "The State Administration will promote close ... ( read original story ...)

BEIJING — China is preparing to retaliate if U.S. President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group said Wednesday. Trump, who is due to be inaugurated Friday, threatened during ... ( read original story ...)

BEIJING, January 18, SinoCast -- According to Dealogic's statistics, in 2016, domestic enterprises issued 258 USD-denominated bonds, worth USD 127.14 billion, the second highest just following USD 14.06 billion in 2014 since 2007, growing 20% year on year. ( read original story ...)

AmorePacific-owned beauty brand, Innisfree, collaborates with mobile retail solutions company, POSPi, and Bank of China, to launch its mobile point of sale (POS) solution in Chinese branches. Mintel reports that in 2017, brands will be looking for ... ( read original story ...)

The business management division of the People's Bank of China (PBOC) has reportedly released the results of a previously announced inspection of domestic bitcoin trading platforms. In reports today, the central bank is said to have found irregularities ... ( read original story ...)

The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said. "My confidence comes from the fact that the banking system has been making profits," Lai told the 10th Asian ... ( read original story ...)

Heading into the Chinese Lunar New Year, local banks are suddenly starved for liquidity like never before. On Tuesday China’s benchmark money-market rate jumped the most in two years, with unprecedented cash injections by the central bank being ... ( read original story ...)

“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 4 per cent against the dollar in ... ( read original story ...)

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 mutual respect ... ( read original story ...)