Beijing received 99.82 million tourists and saw a total sales revenue of 11.5 billion yuan (US$1.69 billion) during the National Day holiday, according to the Beijing Municipal Bureau of Culture and … ( read original…
Tagged By banking
China central bank says to cut foreign exchange risk reserve ratio from 20% to zero
China’s central bank said on Saturday that reserve requirements of 20% for financial institutions settling foreign exchange forward yuan positions will be cut to zero starting Oct. 12. ( read original story …)
Detained Australian Yang Hengjun set to face trial in Beijing
Detained Australian writer Yang Hengjun will face trial in Beijing on an espionage charge with a judge expected to be appointed in the next fortnight, friends said on Saturday. The 55-year-old blogger … ( read…
China to Maintain ‘Normal’ Monetary Policy, PBOC Governor Says
China will maintain “normal” monetary policy for as long as possible, according to the People’s Bank of China Governor Yi Gang. ( read original story …)
Inside China Tech: Beijing to sharpen country’s R&D focus
Earlier this year, Beijing introduced a US$1.4 trillion new tech infrastructure … the Ministry of Science and Technology and the Ministry of Finance. In May, China’s central government said it will … ( read original…
Iran foreign minister on China visit following US sanctions
China says Iran’s foreign minister will visit the country from Friday to Saturday, a day after the Trump administration blacklisted virtually all of Iran’s financial sector in the latest step aimed at … ( read…
China’s Plan To Challenge The USA’s Tech Dominance
The reality is that President Xi wants to nationalize just about everything in China so it is the main provider of goods, services and tech-related products to China itself. He wants China to be ……
China’s Ping An-Backed Lufax Files for $3 Billion U.S. IPO
Lufax Holding Ltd., one of China’s largest online wealth management platforms, on Wednesday filed to list its shares in the United States, the latest … ( read original story …)
US asset managers race to gain China market share
China officially lifted the investment limitation for foreign fund management firms to 100% own a retail mutual fund business in the mainland. The new opportunity is massive, as foreign players can … ( read original…
Travel Spending Recovers 70 Percent During China’s Golden Week
Some 637 million people traveled within China during the country’s eight-day holiday, representing a 79 percent recovery year-over-year. ( read original story …)
How Japan’s status as financial hub benefits from China’s Hong Kong crackdown and Singapore’s limits on foreign workers
China’s crackdown on Hong Kong and Singapore’s limits on foreign workers have created an opening for Japan to become more inviting for foreign financiers. ( read original story …)
BUZZ-COMMENT-China’s central bank surprisingly unleashes the yuan
China’s onshore yuan roared to a near 18-month peak against the dollar early Friday as mainland financial markets reopened after a week-long break. The catalyst was the central bank indicating … ( read original story…
Bonds Signal China Has Dodged Its Minsky Moment
That debt has somehow managed to stay in the complicated tubes and pipes of China’s financial system, and a Minsky Moment has been avoided — three years after the outgoing head of the People’s Bank…
