BEIJING (Reuters) – China’s top banking regulator said on Friday reducing leverage in the country’s corporate, government and household sectors remains a major policy priority. Speaking on the sidelines of the National People’s Congress, Guo…
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China vows tighter rules to clip wings of big finance firms
The Chinese government is working on new rules to control the country’s big financial firms and holding companies to curb the massive risks generated by the conglomerates’ speculative investing, China’s central bank officials and senior…
Central banker: China can be ‘bolder’ about market opening
BEIJING (AP) — China can be bolder about opening its financial markets following steps to strengthen its regulatory system and encourage use of its currency abroad, the central bank governor said Friday. The comments by…
China to rely less on economic stimulus as it battles risks: central bank governor
BEIJING (Reuters) – China has moved away from its old growth model which was heavily reliant on investment and will rely less on stimulus to boost the economy in future, People’s Bank of China governor…
UK bank to offer Chinese payment options
British bank Santander UK is to enable business customers to accept payment directly from China UnionPay and other leading Chinese payment wallet providers. From 2018 onwards, when companies sell products to China through e-commerce platforms…
Highlights of central bank governor’s news conference
Renminbi internationalization promotes China’s opening-up, said governor of the People’s Bank of China. In terms of market access, China could take more bold actions to further open up, Zhou added. He also predicted the trend…
China will rely less on stimulus as it battles risks from debt, says its central bank
China will rely less on stimulus to boost economy, the country’s central bank governor said. China has entered a period of reducing risk, curbing debt. Risks remain from financial holding companies and digital currencies. China…
Central bank: Forex reserve to stay stable
[Photo by Feng Yongbin/chinadaily.com.cn] China’s foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday. Zhou Xiaochuan, governor of the…
China’s forex reserves to keep basically stable: central bank
Economic fundamentals and a stable yuan will keep China’s foreign exchange reserves basically stable, a central bank official said.[Special coverage] Forex reserves had been on the rise for 12 months before February’s decline, Pan Gongsheng,…
China’s financial risks in property market under control: central bank
BEIJING, March 9 (Xinhua) — Financial risks in China’s property market is controllable as the country has taken a string of prudential regulation policies, a central bank official said Friday. Banks’ bad loan rate related…
China to be bolder in opening up financial sector: central bank governor
China will be bolder in the opening up of its financial sector, Zhou Xiaochuan, the country’s central bank governor, said Friday.[Special coverage] Zhou made the remarks at a press conference on the sidelines of the…
China’s financial reforms could quicken as financial supervision improves: PBOC governor
BEIJING (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector risk has…
China’s financial reforms could quicken as financial supervision improves – PBOC gov
BEIJING, March 9 (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector…
