BEIJING, Oct. 2 (Xinhua) — The World Bank has decided to lend 200 million U.S. dollars to a transport project in east China to improve the maintenance and management of rural roads. The project will…
Tagged By banking
Bank savings growth in China drops to record low
“Bank savings? No, I don’t have any,” a woman who is almost 30 and works in the financial circle, told The Beijing News. She added, “I don’t think about keeping a bank deposit, as the…
Beijing axes coal and steel production curbs as economy slows
Beijing will not renew significant cuts on steel production and coal use aimed at improving air quality this winter, as policymakers look to boost China’s economic performance in the midst of the coun… ( read…
Beijing axes coal and steel production curbs
Beijing has taken this into consideration in the curbs planned for this year,” said Li Hongmei, a senior consultant at Mysteel Global, a research group. However, experts said that even the lower targe… ( read…
China’s Belt and Road Initiative and Indonesia’s financial security
Indonesia has been a reluctant participant in China’s Belt and Road Initiative (BRI), but as the country’s financial insecurity becomes increasingly apparent we can expect to see greater interest in t… ( read original story…
China bill sales will boost yuan by expanding investment options in Hong Kong
China’s decision to sell short-term yuan-denominated securities in Hong Kong may pave the way for a regular programme, analysts say, that would create a separate “offshore” monetary policy allowing th… ( read original story …)
China didn’t cause Pakistan’s financial crisis but it should play a role in helping to solve it
Pakistan faces another balance of payments crisis and may again head to the International Monetary Fund for help. China and its Belt and Road Initiative have been blamed – unfairly – for the crisis, b……
China to cut import tariffs on wide range of products
BEIJING (Reuters) – China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. Bei… ( read original…
China’s opening up of financial markets won’t be a smooth ride, official says
The process of opening up China’s financial markets to foreign firms will not be smooth as it is subject to disruption from external factors and the need to protect the domestic economy, a senior gove……
China central bank to maintain ample liquidity as trade row threatens economy
BEIJING: China’s central bank pledged to maintain its “prudent and neutral” monetary policy and to use multiple tools to keep liquidity ample, as the world’s second-biggest economy comes under increas… ( read original story …)
China’s opening up of financial markets won’t be a smooth ride, official says — What are policymakers afraid of? — What are they hiding?
The process of opening up China’s financial markets to foreign firms will not be smooth as it is subject to disruption from external factors and the need to protect the domestic economy, a senior gove……
China central bank says will maintain ample liquidity as trade row threatens economy
BEIJING (Reuters) – China’s central bank pledged to maintain its “prudent and neutral” monetary policy and to use multiple tools to keep liquidity ample, as the world’s second-biggest economy comes un… ( read original story…
Corporate and investment banking: Competition rises in China
Before that, Central Huijin issued only so-called government-supported agency bonds, which have a zero risk-weighting from the central bank and are exempt from credit ratings. Being big and close to p… ( read original story…