SHANGHAI—A day after the U.S. Federal Reserve tightened monetary policy, China’s central bank effectively loosened, in a move that suggests Chinese authorities are now more concerned about financial turmoil inside the country than money flowing…
Tagged By banking
How the Fed’s balance sheet unwind and return to financial ‘normalisation’ will hit China
A decade after the global financial crisis crippled markets, the US Federal Reserve is poised to revise its post-crisis-era interest rate policy and wind down its US$4.5 trillion balance sheet – a move that could…
China stands firm on monetary stance, unmoved by Fed’s rate hike
China’s central bank remained firm on its monetary policy stance, unmoved by the United States Federal Reserve rate hike, after months of precautions preparing its financial system for the impact. China’s financial markets remained calm…
Interview: China-Britain trade, financial cooperation to endure despite Brexit
LONDON, June 16 (Xinhua) — Britain’s decision to leave the European Union (EU) will not be a handicap to collaboration between Britain and China in financial services and trade, according to James Sassoon, chairman of…
China central bank plans fresh incentives to support green financing
China’s cabinet on Wednesday said the government will encourage domestic and overseas investors to participate in “green financing”, and will set up pilot areas to experiment with green finance reforms. China and the Asia Development…
China, ADB launch green financing platform to fight pollution
… Investment and Guaranty Corporation (I&G), the State Development and Investment Corporation (SDIC), as well as China’s finance ministry and National Development and Reform Commission. The bank late last year approved a loan of 458…
Even before Anbang chairman detained, some banks halted its products
The head of a Beijing branch of Industrial and Commercial Bank of China (ICBC) (601398.SS) said Anbang’s 3-year universal insurance products with guaranteed principal and interest were very popular last year, with interest rates at…
China stands pat on rates this time despite Fed hike
SHANGHAI China’s central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Federal Reserve’s key policy rate. The People’s Bank of China (PBOC) did not…
Can China Really Rein in Credit?
China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the…
China removes deputy banking regulator from post: cabinet
BEIJING China’s State Council has officially removed Yang Jiacai, the assistant chairman of the China Banking Regulatory Commission, from his post, according to a notice published on the website of the State Council. Last month,…
Detention of Anbang Insurance boss hits China banking shares
HONG KONG — Shares in China Merchants Bank and China Minsheng Banking were trading lower in Hong Kong on Wednesday following reports that Wu Xiaohui, chairman of China’s Anbang Insurance Group, the banks’ largest shareholder,…
China Finance Online Reports First Quarter 2017 Unaudited Financial Results
Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented, “In the recent period, increased regulatory enforcement pressured a number of commodities exchanges to significantly reduce their commodity trading and eventually led to complete…
China Finance Online reports 1Q loss
BEIJING (AP) _ China Finance Online Co. (JRJC) on Wednesday reported a first-quarter loss of $11.6 million, after reporting a profit in the same period a year earlier. The Beijing-based company said it had a…
