BEIJING, April 13 (Reuters) – Chinese banks doled out more loans in March and appeared to make solid progress in reining in off-balance sheet lending that has prompted a sweeping crackdown by regulators looking to…
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UPDATE 2-China March new loans rebound to 1.12 trln yuan as shadow banking retreats
Scottish business leaders sign China deal
Scottish business leaders hope to tap into a huge Chinese infrastructure programme following a “historic” deal with their East Asian counterparts. Scottish Chambers of Commerce (SCC) signed a memorandum of understanding with China’s Chamber of…
Beijing considers reviving outbound investment scheme for domestic investors after three-year hiatus
Officials at a Beijing-based mutual fund house confirmed to the South China Morning Post that the discussion took place, and said the regulator had been considering relaxing outflow controls under the QDII scheme for a…
Xiaomi-backed phone start-up eyes China’s US$14 billion mobile game market with new handset
Black Shark, a start-up established in August last year with backing from Chinese tech giant Xiaomi, said it has received more than 100,000 registrations from users expressing interest in its new smartphone specifically targeted at…
China’s Credit Expansion Trails Estimates Amid Debt Cleanup
Aggregate financing stood at 1.33 trillion yuan ($212 billion) in March, compared with an estimated 1.8 trillion yuan in a Bloomberg survey and 1.17 trillion yuan the prior month New yuan loans stood at 1.12…
China’s central bank to relax commercial banks’ deposit rate ceiling: sources
HONG KONG/SHANGHAI (Reuters) – China’s central bank will relax its informal guidance for the upper limit of commercial banks’ deposit rates, facilitating the market liberalization of interest rates, three sources with knowledge of the matter…
UPDATE 1-China March new loans rebound to 1.12 trln yuan but miss forecasts
the threat has not reached a point where China is likely to change its monetary policy, the Bank of Communications said in a recent report. Long-term household loans, mostly mortgages, rose to 377 billion yuan…
China’s Trade Surplus Vanishes, as the Markets Monitor Noise from the Oval Office
Economic data through the Asian session this morning included New Zealand’s March Business PMI, the release of the RBA’s Financial Stability Review and China’s March trade figures. For the Kiwi Dollar, March’s business PMI slipped…
‘King of Chinese Pop’ Wang Leehom launches global tour in Beijing
(CNN)Wang Leehom needs no introduction to his legion of fans in China where he kicks off his global tour Friday in Beijing. Named “Descendants of the Dragon, 2060,” the tour promise to be a stellar…
China Rapid Finance: Is It Close To Making A Profit?
China Rapid Finance (XRF) has experienced a business shift from lifestyle loans (larger in size) to consumption loans (smaller size), which will lead to bigger impact from regulatory hammer; Q4 earnings results didn’t satisfy investors…
China Banks Aiding North Korea Are Said Too Big to Punish
After conducting an economic impact analysis, officials worried about potential systemic damage and retaliatory measures from China, they explained. The Chinese lenders that were spared, at least for now, are Agricultural Bank of China and…
U.S.-China trade dispute could have ‘domino effect’ on global economy: WTO
The comments came after Azevedo chaired an annual WTO news conference to lay out its predictions for trade, but acknowledging they are clouded by the possible fallout from the spat between the U.S. and China.…
Asia News: Top China news app apologizes after government crackdown
Shanghai (AFP) – One of China’s most popular news apps issued an abject apology Wednesday and pledged to increase its internal censorship staff to 10,000 after it and three other apps were temporarily banned by…
