Nigeria and China have partnered to bolster economic ties and unlock new investment opportunities in the country.
FINANCE
Aurangzeb for deepening ties with Beijing
Federal Minister for Finance & Revenue Muhammad Aurangzeb, on Friday, highlighted recent positive developments in Pakistan’s economy, including increased foreign exchange reserves, decreased inflation …
China’s consumer prices boosted by weather disruptions; domestic demand still soft
China’s consumer inflation quickened in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector amid a sputtering economic recovery.
“Shadow Reserves”: China’s Key to Parry U.S. Financial Sanctions
In the ongoing U.S.-Chinese financial war, Beijing has focused on insulating China’s strategic trade from dollar-based financial sanctions. This objective
China central bank says it will increase treasury bond trading
China’s central bank will seek to “enrich” its monetary policy toolbox and will gradually increase buying and selling of treasury bonds in its open market operations, its second-quarter monetary …
Chinese fund manager Zhao Xuejun whisked away as Beijing cracks down on securities sector
A veteran mainland Chinese financial executive is under investigation by authorities, the latest instance of Beijing’s tightened oversight of the country’s embattled securities sector. Zhao Xuejun, …
Exclusive-China tells some brokerages to conduct compliance checks on bond trading, sources say
China’s securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying of …
China’s Harvest Fund chairman under investigation steps down
China’s Harvest Fund Management said on Friday that Chairman Zhao Xuejun had resigned and is cooperating with relevant authorities regarding an investigation pertaining to “personal problems”, without …
China’s sluggish job market pushes tech and finance workers to move to Hong Kong to sell insurance
Lam Yik—Bloomberg via Getty Images Hong Kong is seeing an influx of professionals from mainland China’s finance and tech sectors who are disillusioned with their career and salary prospects across the …
China treasuries fall after state media says trading accounts must not be borrowed
SHANGHAI/BEIJING (Reuters) -Chinese treasuries fell on Friday after state media said trading accounts must not be borrowed or transferred, following the launch of a probe by regulators into suspected …
China’s July consumer prices jump faster than expected, producer deflation persists
China’s consumer prices rose at a faster-than-expected rate in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector in the face of a sputtering economic …
China’s State-backed banks under fire over alleged market manipulation in bond trading
The National Association of Financial Market Institutional Investors said in a statement on Wednesday the banks – all based in eastern Jiangsu province – “were suspected of manipulating prices and …
China state-backed banks named and shamed for manipulating prices as bond rally takes toll
The central bank is seen trying to counteract forces suppressing Chinese bond yields. But in the absence of monetary tightening, a ‘short-term pause’ to the rally may be the best outcome.
