China may very well permit countries to use these agreements to obtain renminbi and convert it to US dollars in offshore markets during periods of financial distress, as Pakistan experienced in 2013 …
Tagged By banking
Debt-laden China Evergrande to hold call with investors on Wednesday – sources
China Evergrande Group and its financial advisers will hold a call with investors at 9 pm (1300 GMT) on Wednesday, sources said, the first such call since it defaulted on some dollar bond payments …
WTO gives China right to impose tariffs on $645 mln of U.S. goods
The World Trade Organization authorised China on Wednesday to impose $645 million of compensatory tariffs against the United States in a decade-long case into U.S. measures to counter Chinese …
China’s New Australia Envoy Wants to Get Ties on ‘Right Track’
China’s new ambassador to Australia has called for the two countries to get their relationship “back to the right track” after more than four years of chilly diplomatic relations, saying he saw his …
After getting silver in 2018, skier Alex Ferreira chases gold in Beijing
When Alex Ferreira was about 9 or 10 years old, he completed his first 360-spin while training on moguls in his hometown of Aspen, Colorado. It was then that the Olympic medalist decided he wanted…
Global banks said to warn China against new overseas listing rules
Global banks are said to be warning China that new overseas listing rules may deter banks from advising Chinese companies on initial public offerings, which may be harmful to …
China to further boost digitalization in banking, insurance sectors
China will promote the process of digitalization in banking and insurance to heighten high-quality development of the sectors, the country’s banking and insurance regulator has said. Banking and …
Senior banking official removed over corruption
It said the former official behaved dishonestly and held a distorted view of Party achievements. He failed to fully implement the decisions made by the Communist Party of China Central Committee on …
China tightens anti-money laundering rules for financial firms
SHANGHAI: China on Wednesday (Jan 26) published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which regulates how financial institutions …
China Evergrande aims for restructuring plan within six months as creditor talks begin
Evergrande Group, once China’s top selling developer and now struggling to repay its creditors, suppliers and investors in wealth management products, missed some dollar bond payments last month, …
China launches 3-year action plan to crack down on money laundering
File photo shows the headquarters of the People’s Bank of China in Beijing, capital of China. (Xinhua/Cai Yang) BEIJING, Jan. 26 (Xinhua) — Authorities in China have initiated a three-year action …
Bear Market Looms for China’s Equity Benchmark During Volatility
CSI 300 Index teetered on the edge of a bear market as the media called for investors to hold their nerves in a global selloff.
China will allow Guizhou financing vehicles to delay debt payments
China will allow local government financing vehicles (LGFVs) in the southwestern province of Guizhou to delay debt payments and undergo debt restructuring, the cabinet said on Wednesday, part of a …
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