China on Friday issued a revised law on the central bank to formalise its expanded role in overseeing the financial sector to help ward off risks in the world’s second-largest economy. ( read original story…
Tagged By banking
Secret Chinese bank account remains a problem for Trump
A scandal-plagued American president defended a previously undisclosed bank account in China with two claims, both of which are wrong. ( read original story …)
China and America: Coupling up
Politicians in the US and China warn of decoupling, but at a financial level the two countries are closer than ever. China needs US money and help in building its capital markets. US funds are…
China, Hong Kong stocks rise on strong quarterly earnings, financials boost
China and Hong Kong stocks firmed on Friday morning, helped by gains in heavyweight financial firms and strong quarterly earnings so far. ** At the midday break, the Shanghai Composite index was up 0. (…
Trump Closed Bank Account in China Before He Was Elected
President Donald Trump says he closed a bank account he had in China before he “even ever ran for president.” He speaks at the last presidential debate in Nashville. (Source: Bloomberg) … ( read original…
Trump’s reported Chinese bank account raises security concerns: Pelosi
U.S. President Donald Trump’s bank account in China raises serious national security concerns, U.S. House of Representatives Speaker Nancy Pelosi said on Wednesday following a New York Times report … ( read original story …)
China’s Mr Renminbi says Beijing must dismantle capital controls to create a more globally accessible yuan
Beijing’s foreign exchange controls are not conducive to internationalising the yuan, says former central bank governor Zhou Xiaochuan, but others caution against leaving China ‘defenceless’ by … ( read original story …)
Chinese financial services platform Lufax sets terms for $2.2 billion US IPO
Lufax Holding, which provides a leading platform for retail loan facilitation in China, announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $2.2 billion by … ( read original story…
The balance of power is shifting in Asia, and China is gaining on the US
China has closed the gap, according to Australia’s Lowy Institute think tank, but neither Beijing or Washington is destined to dominate the region. ( read original story …)
‘They would have called me Beijing Barry’: Obama takes aim at Trump’s Chinese bank account
Former President Barack Obama returned to the campaign trail Wednesday with a blistering attack on Donald Trump with less than two weeks to go before the Republican president’s Election Day face-off … ( read original…
China to enhance inclusive financial services: official
China will further improve inclusive financial services as part of efforts to bolster financial development, an official said Wednesday. Some 99 percent of the Chinese population has access to basic … ( read original story…
Finance and Foreign Policy Mix When China and Japan Lock Horns
Though much discussion about geopolitical influence in Asia centres on U.S.-China conflict, Tokyo is the real financial challenger to Beijing. ( read original story …)
Are China’s Bonds as Safe as Treasuries? Not Quite. But They’re Closer Than You Think.
and the Institute of International Finance, which tracks the data, forecasts another $49 billion by year’s end. Market dynamics are driving some of those flows. China’s stocks are still lumped in with … ( read…
