BEIJING, March 30 (Reuters) – China’s banking and insurance regulator on Thursday said its chairman, Guo Shuqing, met with Standard Chartered PLC Chief Executive Bill Winters on March 28. The pair …
FINANCE
China-driven growth seen helping emerging assets despite bank worries
Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are whipped around by banking …
China’s yuan eases as bank relief boosts dollar, PMI in focus
SHANGHAI, March 30 (Reuters) – China’s yuan eased on Thursday against the dollar, which was broadly firmer as concerns eased in the United States over the banking sector, while investors await March …
China’s Bank of Communications Posts 5.1% Profit Gain in 2022
Bank of Communications Co. delivered a better-than-estimated profit increase as it boosted lending to help cushion the economy from a slowdown triggered by the nation’s strict pursuit of Covid zero.
Xi’s New Vice Premier to Oversee Finance, Housing in Shake-Up
China has tasked its Vice Premier He Lifeng, a close confidante of President Xi Jinping, with the mandate of shoring up the nation’s embattled property industry as well as the $60 trillion financial …
China banking and insurance regulator chairman meets StanChart CEO
Guo Shuqing, chairman of China’s banking and insurance regulator, met with Standard Chartered Chief Executive Bill Winters on March 28, China’s banking and insurance regulator said on Thursday.
Pakistan awaits China’s decision on rollover of US$2b loan, says govt source
China is working on a request from cash-strapped Pakistan to roll over a US$2-billion (RM8.84 billion) loan that matured last week, a top finance …
Pakistan awaits China’s decision on rollover of $2 billion loan -govt source
KARACHI, Pakistan (Reuters) -China is working on a request by Pakistan to roll over a $2-billion loan that matured last week, a top finance ministry official told Reuters. The rollover is critical for …
China plans random, spot checks at hospitals to track COVID
Local governments should actively seek financial support to ensure funding for the costs … 2023 Asia Pacificcategory Taiwan president starts sensitive U.S. stopover; China warns against meetings, …
FirstFT: Binance hid its links to China for years
TikTok tussle: The fight over who really controls TikTok shows the degree to which American finance and business remain deeply entwined with China, writes Gillian Tett. 🎧 UBS-Credit Suisse: In this …
Is China a “Safe Haven” Amid Banking Crisis? ETFs to Invest
This is especially true given the People’s Bank of China (PBOC) recently said that it would slash the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve …
US aims to counter China’s influence in global institutions, Yellen says
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial …
China’s Alibaba to break up empire into six units as Jack Ma returns home
SHANGHAI (Reuters) – Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a…