China will rely less on stimulus to boost economy, the country’s central bank governor said. China has entered a period of reducing risk, curbing debt. Risks remain from financial holding companies and digital currencies. China…
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China will rely less on stimulus as it battles risks from debt, says its central bank
Central bank: Forex reserve to stay stable
[Photo by Feng Yongbin/chinadaily.com.cn] China’s foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday. Zhou Xiaochuan, governor of the…
China’s forex reserves to keep basically stable: central bank
Economic fundamentals and a stable yuan will keep China’s foreign exchange reserves basically stable, a central bank official said.[Special coverage] Forex reserves had been on the rise for 12 months before February’s decline, Pan Gongsheng,…
China’s financial risks in property market under control: central bank
BEIJING, March 9 (Xinhua) — Financial risks in China’s property market is controllable as the country has taken a string of prudential regulation policies, a central bank official said Friday. Banks’ bad loan rate related…
China to be bolder in opening up financial sector: central bank governor
China will be bolder in the opening up of its financial sector, Zhou Xiaochuan, the country’s central bank governor, said Friday.[Special coverage] Zhou made the remarks at a press conference on the sidelines of the…
China’s financial reforms could quicken as financial supervision improves: PBOC governor
BEIJING (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector risk has…
China’s financial reforms could quicken as financial supervision improves – PBOC gov
BEIJING, March 9 (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector…
China’s top smartphone brands narrow the gap with Samsung in Southeast Asia
If there seems to be more people using Chinese smartphones in the streets of Kuala Lumpur, Jakarta or Manila, that is because these brands now collectively outsell Samsung Electronics, the long-standing market leader in Southeast…
China Bank to raise up to P50B
CHINA BANKING Corp. (China Bank) is set to conduct fund-raising activities to expand its business. In a disclosure to the local bourse on Thursday, the Sy-led China Bank said its board of directors approved a…
Foxconn gets China go-ahead for Shanghai IPO of subsidiary
SHANGHAI (Reuters) – China has approved the Shanghai listing of an internet and industrial-focused subsidiary of Taiwan’s Foxconn, which the world’s largest contract electronics manufacturer hopes will help fund new projects. Foxconnn, whose clients ……
Exclusive: China Resources Beer in talks to acquire Heineken’s China business – sources
HONG KONG (Reuters) – China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country’s largest brewer…
China will step up property controls in smaller cities – finance official
BEIJING, March 8 (Reuters) – A senior Communist Party economic official said he believes China will step up property control policies in smaller cities known as tier-three and tier-four cities. The comments were made by…
China looking to be more active in regional, global diplomacy
BEIJING – China wants an eight-nation group it and Russia have dominated … to maintain peace and stability in our region and beyond,” Wang told reporters at a news conference held on the fringes of…
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