Category: FINANCE

While you wait for the next interest-rate increase in the world’s largest economy, policy has quietly tightened in the second-biggest: China. The People’s Bank of China has allowed a steady increase in money market rates in recent weeks to squeeze ... ( read original story ...)

PETALING JAYA: China Construction Bank Corp (CCB), ranked as the world’s second-largest bank, has been granted a Malaysian commercial bank licence by the Minister of Finance. Bank Negara said the banking giant’s unit, China Construction Bank (Malaysia ... ( read original story ...)

Behold, the latest in Chinese financial innovation. That's a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or derivatives ... ( read original story ...)

It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake in Ascend, with an option to increase its ... ( read original story ...)

even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China's debt has soared to 250 percent of gross domestic product from 150 percent a ... ( read original story ...)

BEIJING (Reuters) - China hopes Germany's recent security investigations into proposed acquisitions by Chinese companies are "an exception", a spokesman for the Ministry of Commerce said on Wednesday. Shen Danyang also said China hopes Germany can be calm ... ( read original story ...)

BEIJING: China's non-financial debt is estimated to be more than $22.7 trillion, accounting for 227.92 per cent of its GDP, a senior Chinese finance ministry official said today amid concerns it may spiral out control. "The IMF estimated China's non ... ( read original story ...)

The International Money Fund and the World Bank have long functioned as pillars of the global economic and financial order. But when it comes to financing the energy needs of the world, there’s a new leader: China. These banks also fund the overseas ... ( read original story ...)

BEIJING China's central bank injected a total of 763.71 billion yuan ($112.8 billion) via short- and medium-term liquidity tools in October, its data showed on Tuesday, as it seeks to support credit expansion and the economy. October liquidity injections ... ( read original story ...)

BEIJING (Reuters Breakingviews) - Can China avoid a financial crisis? That's the question facing regulators and investors after a rapid rise in leverage in the world's second-largest economy. The links between the official banking system and shadowy ... ( read original story ...)