Chinese hotels with three-star ratings or more have been told to accept payments with foreign bank cards, as the government tries to make it easier for visitors to travel in the country and give the…
FINANCE
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds
Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, people familiar with …
China’s March new yuan loans seen rebounding, more stimulus expected – Reuters poll
China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the central bank seeks to bolster economic growth amid expectations for more stimulus …
China and Gulf states changing face of development finance in Africa
As major investors displacing the traditional Western powers, China and the GCC are precipitating a reconfiguration away from the North-South flow of development resources.
Gold hits another record high; China’s central bank adds gold for 17th straight month
Gold futures hit a new record high as central banks increase purchases, including a 17th straight monthly increase from the People’s Bank of China.
UBS Weighs Credit Suisse China Stake Swap With Beijing Government
UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according …
China’s economy not performing as poorly as thought: Expert
China Beige Book International Managing Director Shehzad Qazi joins Yahoo Finance Live to discuss Treasury Secretary Janet Yellen’s visit to China regarding economic tensions. Qazi says that if the US …
China, U.S. reach important consensus on economic, financial cooperation: vice finance minister
BEIJING, April 8 (Xinhua) — China and the United States have reached important consensus on economic and financial cooperation after in-depth consultations and discussions during U.S. Treasury …
China Has Too Much at Stake in Industry Push to Listen to Yellen
Janet Yellen got a respectful hearing in China in recent days for her main message — that Beijing’s manufacturing drive is a threat to other economies. But the warmth of her reception likely won’t …
HSBC summit: idea that China is ‘uninvestible’ is ‘shallow and lazy’, Primavera Capital’s Fred Hu tells panel
The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry …
U.S., China to hold more financial shock exercises, Yellen says
The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on …
People’s Bank of China sets up $69B re-lending program for tech companies
The People’s Bank of China (PBOC) said that it will set up a 500B yuan ($69.12B) re-lending program to support innovation and project upgrades in the science and technology sectors. The program will …
Yellen says U.S. plans to ‘underscore’ need for China to shift policy
Future talks between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the economy, Treasury Secretary Janet Yellen said.
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