Huang Hong, the president and managing director of Ueda Yagi Money Broking (China), believes China’s financial reform has brought golden opportunities to foreign investors. CGTN’s Yang Shanshan sat …
Tagged By banking
Afghanistan ‘is not an opportunity for China, it’s a problem’: Ian Bremmer
In the immediate aftermath of Afghanistan’s collapse at the hands of theTaliban, China wasted no time in capitalizing on what it viewed as a public relations win. Its Foreign Ministry called the …
China to Step up Financing Support for Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300 billion yuan ($46.39 billion), the cabinet said on Wednesday. China will step up support for small- and …
China Offers Funds to Banks to Boost Loans to Small Firms
China’s central bank will provide 300 billion yuan ($46.4 billion) of low-cost funding to banks to help them offer more support to small and medium-sized companies, as Beijing tries to cushion its …
Beijing will back Hong Kong’s entry into world’s biggest free-trade deal, China’s commerce minister tells belt and road summit
China’s commerce minister Wang Wentao pledges support at belt and road summit. Foreign ministry official Liu Guangyuan warns others against imposing sanctions on country.
‘China is not the Soviet Union’ says Beijing’s envoy to Washington
Qin Gang urges an end to ‘cold war mentality’ and more communication to help the two sides handle differences constructively.
Deutsche Bank lowers China’s GDP forecast to 8.2% for 2021
Tuan Huynh of Deutsche Bank International Private Bank says the bank has slashed China’s economic outlook for 2021 to 8.2% from 8.7%, citing weakness in the Chinese economy that has persisted for some …
Former bank chairman gets two-year reprieve on death sentence in China
Cai Guohua, former chairman of Hengfeng Bank, was sentenced to death with a two-year reprieve at his second trial for abuse of power, graft and other crimes, …
China’s ‘revolution’ cost investors $3 trillion. So why aren’t they running scared?
“Foreign investors who choose to invest in China find it remarkably difficult to recognise these risks,” billionaire investor George Soros wrote this week in the Financial Times. “Xi’s …
Fitch Rates State Grid Corp of China’s Proposed Notes at ‘A+’
The bonds will be issued by SGCC’s wholly owned subsidiary, State Grid Overseas Investment (BVI) Limited, which was formerly known as State Grid Overseas Investment (2016) Limited, under its US dollar …
China’s central bank tells major banks to increase loan quota for August – sources
Some major Chinese banks stepped up lending toward the end of August and reduced a backlog in property loans after being advised by the central bank to increase loan quotas for the month, two sources…
Bank of China reports declining non-performing loan balance, rate
The Bank of China (BOC), one of the country’s four biggest state-owned commercial banks, saw its non-performing loan balance and rate drop in the first half of the year. The non-performing loan …
China’s PBoC: ‘Bitcoin Has No Value’. Can Central Bankers Kill Bitcoin?
This week, the People’s Bank of China said it had no value. Bitcoin, and other cryptocurrencies “are not legal tenders and have no actual value support,” Deputy Director of the Financial Consumer …
