Tag: banking

BEIJING (Reuters) - China’s central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television (CCTV) on Tuesday quoted the central bank as saying. Mortgage lending ... ( read original story ...)

"I see the crackdown on bitcoin as part of this larger multi-agency program to reduce financial sector risk, which will unfold over months and probably years," said Jim Stent, author of "China's Banking Transformation." "I do not see risk reduction as ... ( read original story ...)

Strategists at the German bank have indicated China could be the trigger for the next economic downturn as the country’s “fundamental vulnerabilities” remain. Research by the bank’s strategists Jim Reid, Nick Burns, Sukanto Chanda and Craig Nicol ... ( read original story ...)

KARACHI: The State Bank of Pakistan (SBP) has allowed the Bank of China Limited to commence its banking business in Pakistan. Earlier, the SBP issued banking licence to the Chinese bank in May 2017. The Bank of China has complied with important regulatory ... ( read original story ...)

China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry, according to sources familiar with the matter. The People’s Bank of China will convene an internal ... ( read original story ...)

China is keen to raise the profile of its currency in the pricing of commodities, according to a central bank official. The country is studying the “market rules and mechanisms of pricing commodities in yuan [to] satisfy demand from domestic and overseas ... ( read original story ...)

Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country. Karachi: Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country, amid Beijing's push to step up ... ( read original story ...)

Pakistan has formally established banking channel facility to facilitate ever increasing trade volume between the two countries as China has become one of the major business partner of Pakistan. In this respect the State Bank of Pakistan has allowed ... ( read original story ...)

Li Wenxing was starting a new life. In May, the young university graduate left his home in rural China on the offer of work with a software company in the city of Tianjin. But the job was a scam and Mr Li was swept into the web of a gang running a pyramid ... ( read ...

A new international banking report groups Canada with China and the special administrative region of Hong Kong as jurisdictions whose domestic banking systems are at risk from rising debt levels. The Bank For International Settlements, which is owned by ... ( read original story ...)