China is keen to raise the profile of its currency in the pricing of commodities, according to a central bank official. The country is studying the “market rules and mechanisms of pricing commodities in yuan…
Tagged By banking
Amid Beijing’s push to CPEC, Bank of China begins operations in Pakistan
Pakistan’s central bank has allowed the government-owned Bank of China to begin operations in the country. Karachi: Pakistan’s central bank has allowed the government-owned Bank of China to begin operations in the country, amid Beijing’s…
Bank of China : Pak establishes banking channel with China
Pakistan has formally established banking channel facility to facilitate ever increasing trade volume between the two countries as China has become one of the major business partner of Pakistan. In this respect the State Bank…
China hit by financial scam ‘epidemic’
Li Wenxing was starting a new life. In May, the young university graduate left his home in rural China on the offer of work with a software company in the city of Tianjin. But the…
Rising credit-to-GDP gap signals banking system ‘vulnerability,’ warns report
A new international banking report groups Canada with China and the special administrative region of Hong Kong as jurisdictions whose domestic banking systems are at risk from rising debt levels. The Bank For International Settlements,…
China will step up supervision of overseas investment risks – insurance regulator
The China Insurance Regulatory Commission (CIRC) will step up supervision over the use of insurance funds, with focus on “chaos” such as irrational stock market fundraising and overseas acquisitions, said Guo Jing, vice head of…
China PBOC to Draft Package for Financial Market Opening, Sources Say
Central bank is said to convene Tuesday meeting to review plan Package may include allowing majority stakes in local ventures China’s central bank is drafting a package of reforms which would give foreign investors greater…
China finance ministry sells 5-year special T-bonds at 3.59 pct – traders
SHANGHAI, Sept 18 (Reuters) – China’s Ministry of Finance on Monday auctioned 36 billion yuan ($5.50 billion) of special treasury bonds of 5-year tenor at 3.59 percent, traders said. ( read original story …)
GM, China JV to recall over 2.5 million vehicles over airbags: watchdog
SHANGHAI (Reuters) – General Motors (NYSE:GM – News) and its joint venture in China, Shanghai GM, will recall more than 2.5 million vehicles due to faulty airbag inflators, China’s top quality watchdog as said. The…
China bank loans rebound in August
Chinese bank loans rebounded in August to hit 1.09 trillion yuan ($166 billion), beating analysts’ expectations as demand was buoyed by home buyers. The figure was up from 825.5 billion yuan in July according to…
China to further open financial, new energy vehicle sectors
China will further open industries including the financial and new energy vehicle sectors to foreign investment in the second half of this year, the country’s top economic planner said Friday. Meng Wei, spokesperson with the…
China’s Ant Financial Pushes U.S. to Approve MoneyGram Deal
Ant Financial is expected to make a third try for U.S. approval of its takeover of MoneyGram International Inc. as a secretive national security panel throws up hurdles for Chinese investors seeking to buy American…
China banking sector’s total assets at 239 trln yuan at end-Aug – regulator
BEIJING, Sept 15 (Reuters) – China’s banking sector’s total assets were 239 trillion yuan ($36.6 trillion) at the end of August, the country’s banking regulator said on Friday. China’s commercial banks’ non-performing loans ratio was…
