BOAO, China (Reuters) – Chinese Premier Li Keqiang said on Thursday China will widen market access for foreign banking and insurance firms and expand the opening of the services sector, especially the … ( read…
Tagged By banking
ING and Bank of Beijing to pump $448 million into digital banking joint venture
ING and Bank of Beijing are collaborating on plans to set up a joint venture digital bank in China. Total investment for the JV will be 3 billion yuan ($448 million), in which ING will…
Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume
Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund … ( read original…
China blocks canola shipments from Viterra, saying pests found among the grain
China blocked canola shipments from a second Canada-based producer … Canadian authorities arrested Meng Wanzhou, the chief financial officer of Chinese tech giant Huawei, in Vancouver and the … ( read original story …)
China’s industrial profits shrink most since late 2011 as economy cools
BEIJING (Reuters) – China’s industrial firms posted their worst slump in profits since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in ……
China’s economy picks up as companies pile on debt, survey finds
However, the cost of that borrowing increased, with bank loan rates rising, according to the report. “They’re going to have to subsidize the rates if they want this to continue,” Leland Miller, chief … (…
China Development Bank provides over $190 billion for Belt and Road projects
BOAO, China (Reuters) – China Development Bank has provided financing of more than $190 billion for projects of the “Belt and Road” infrastructure plan, bank president Zheng Zhijie told the … ( read original story…
China softens tone about trade, officials say they want what U.S. wants
the chairman of China’s National Social Security Fund and the former Finance Minister, on Sunday. Lou went on to explain that what the U.S. wants, including the protection of intellectual property, … ( read original…
China widens ban on Canadian canola imports to second firm, Viterra
Canada and China have been locked in a trade and political dispute since the chief financial officer of Chinese telecom giant Huawei Technologies Ltd was arrested in Vancouver late last year on a U.S. ……
China’s ex-internet tsar handed 14-year jail sentence
A court in China sentenced the country’s former head of internet censorship, Lu Wei, to 14 years in prison for bribery on Tuesday, as part of President Xi Jinping’s ongoing anti-graft campaign. Lu, … (…
France seals multi-billion dollar deals with China, but questions Belt and Road project
PARIS (Reuters) – France and China signed deals worth billions of euros on Monday, including a huge Airbus plane order, during a visit by Chinese President Xi Jinping, despite Paris pushing back … ( read…
China Minsheng Bank: There Is Still Cause For Trepidation
China Minsheng Bank’s CAR (Capital Adequacy Ratio) remains amongst the lowest of the Chinese banks compared below. Regulatory developments that would see all loans 90 days or more overdue is … ( read original story…
The Latest: China, France push climate-friendly finance
PARIS — The Latest on the meeting between European leaders and China’s president (all times local): 12:10 p.m. The leaders of China and France are trying to ramp up efforts against climate change and ……
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