Once again mentioning the issue of financial crunch, the department added … One of the main reasons for huge API imports from China is its low-cost large-scale manufacturing and heavy subsidies provided to their local…
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China Construction Bank marks $1.2bn Nasdaq Dubai listing
China Construction Bank (CCB) on Wednesday rang the market-opening bell to celebrate the listing of a $1.2-billion bond on Nasdaq Dubai, the region’s international financial exchange. This marks the largest single listing by a Chinese…
China walks monetary tightrope as liquidity pressure mounts
China’s central bank is walking a tightrope between keeping enough liquidity to support market stability and deleveraging to avert financial risks. The People’s Bank of China (PBOC) injected 498 billion yuan (73 billion U.S. dollars)…
China should reform forex system to promote yuan flexibility: central bank adviser
BEIJING China should urgently reform its foreign exchange rate system or risk impeding the economy and plans for the yuan to play a larger role on the global stage, a central bank adviser said on…
China stocks gain as companies urge workers to buy shares, MSCI inclusion hopes
SHANGHAI, June 7 China stocks rose on Wednesday as a growing number of listed firms encouraged employees to buy shares, and as the central bank injected more funds into the banking system to ease fears…
Chinese-invested bank injects vitality for development of SMEs in Laos
VIENTIANE, June 6 (Xinhua) — As the Belt and Road Initiative has advanced, the Laos-China Bank (LCNB) has been providing practical services to help small and medium-sized enterprises (SMEs) in Laos solve their financing problems…
China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia
China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of…
Banks in Beijing raise mortgage rates further to cool property market
The Beijing News reported on Tuesday, the latest move to cool down the red-hot property market. Effective Monday, China Minsheng Bank, China’s biggest private bank, adjusted mortgage rates to 10 percent above the benchmark mortgage…
China’s global plan for the yuan on track, in step with financial markets opening, bank says
China’s financial markets will continue their gradual pace of opening, a process in lock step with the ongoing internationalisation of the yuan, according to Yue Yi, chief executive officer of Bank of China (Hong Kong).…
China’s credit expansion cooled in May amid crackdown on shadow banking, analysts say
Broad credit growth in China is expected to have slowed in May, as the shadow banking industry came under closer scrutiny amid Beijing’s ongoing drive to cut leverage and root out irregularities in the financial…
China May data to show stable growth as exports stay solid
In sign of progress, China and the United States agreed in May to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as…
China’s credit expansion probably cooled in May amid crackdown on shadow banking, analysts say
Broad credit growth in China is expected to have slowed in May, as the shadow banking industry came under closer scrutiny amid Beijing’s ongoing drive to cut leverage and root out irregularities in the financial…
Analysts expect ‘cautious’ response to Guangzhou Rural Bank’s US$1.1b IPO
Guangzhou Rural Commercial Bank (GRCB), China’s fifth biggest rural commercial bank by assets, is seeking a Hong Kong initial public offering worth up to HK$8.33 billion (US$1.1 billion). But some analysts are cautious about the…
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