China’s financial condition weakened in October, pointing to a further deceleration in the world’s second-biggest economy amid the trade war with the United States. While Beijing has been pressing the … ( read original story…
Tagged By banking
Small is Best in Global Banking – as Universal Banks Fail to Deliver – Lafferty Banking 500
LONDON–(BUSINESS WIRE)–Far from being the universal banking giants of Wall Street, London, Frankfurt, Paris, Tokyo or Beijing that typically combine commercial and investment banking activities, the … ( read original story …)
Wilbur Ross: ‘The issues with China are not just tariffs’
“The president and President Xi had a very constructive conversation couple of weeks ago,” Ross told Yahoo Finance’s editor-in-chief … Trump drops the further escalation of tariffs on China to 25%. … ( read original…
Third China-UAE Conference on Islamic Banking & Finance Concludes Successfully Amid International Acclaim
The third China-UAE conference on Islamic Banking and Finance (CUCIBF III) concluded recently, with the participation of leading economic experts, bankers, decision and policy makers, investors and Is… ( read original story …)
China will step up tax cuts: finance minister
BEIJING (Reuters) – China will study and implement tax cuts of a larger scale and more significant fee reductions for companies, the country’s finance minister Liu Kun said on Monday. This year, China … (…
China’s biggest financial risk is the US
In its new annual financial stability report, China’s central bank has again sounded the alarm that “grey rhino” risks — clear and present dangers that are often neglected — continue to threaten the e… (…
China October loan data disappoints, points to further slowing in economy
BEIJING (Reuters) – China’s credit growth slowed sharply in … limited as Beijing remains concerned about controlling debt and financial risks, which were fuelled by past spending binges. ( read original story …)
China’s Liu and Mnuchin Talk Trade for the First Time in Months
The conversation didn’t yield any concrete results, the people said. The Hong Kong-based South China Morning Post reported Tuesday that Liu was “expected” to visit Washington shortly. The Wall Street … ( read original story…
What’s a Private Company? China Banks Grapple With New Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, with the ratio g… ( read…
PINTEC Partners with Beijing EVERCARE on Installment Financing
BEIJING, Nov. 12, 2018 /PRNewswire/ — Pintec Technology Holdings Ltd. (“PINTEC”;NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced that it ha… ( read original story …)
What’s a Private Company? China Banks Grapple With Lending Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, a missive that s… ( read…
China won’t set targets for individual banks’ loans to private firms: state media
BEIJING (Reuters) – China will not set specific targets for each bank on how much loans should be given to private firms, and banks’ credit assessment standards will not be compromised, state-owned Ch… ( read…
China’s Xi Jinping revives Maoist call for ‘self-reliance’
Even as Mr Xi has sought to position China as a champion of globalisation amid the US retreat into protectionism, the call for “self-reliance” highlights how Mr Xi is also advocating mercantilist poli… ( read…