China’s financial regulators are fast-tracking approvals for foreign firms to access some parts of the market, as Beijing tries to reposition itself as an “open” advocate of “free trade” amid an escalating row with the…
Tagged By banking
At World Bank, China Moves to the Grown-Up Table
The World Bank will scale back loans to China. No matter, China wins anyway. That’s because China will boost its shareholding in the Washington-based lender, under a capital increase approved by bank members late last…
China fines banks over wealth management transgressions
BEIJING, May 6 (Xinhua) — The China Banking and Insurance Regulatory Commission (CBIRC) recently fined three commercial banks for improper practices in wealth management. China Merchants Bank, one of the country’s biggest, was fined more…
U.S. condemns China for ‘Orwellian nonsense’ over airline websites
WASHINGTON (Reuters) – The White House on Saturday sharply criticized China’s efforts to force foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling China’s latest effort to police language describing…
Warren Buffett: Trade with China is a ‘win-win situation’
The Trump administration has asked China to reduce its trade deficit with the U.S. by $200 billion by the end of 2020. In an earlier interview with Yahoo Finance, Buffett said the U.S. needs an…
China limits banks’ risk exposure
BEIJING, May 5 (Xinhua) — China’s banking regulator has limited commercial bank’s risk exposure to avoid systemic risk. A commercial bank’s risk exposure to an interbank client shall not exceed 25 percent of its tier…
The Latest: Trump says China ‘spoiled’ by US trade wins
BEIJING (AP) — The Latest on China-U.S. trade talks in Beijing (all times local): 9:10 a.m. President Donald Trump is tweeting the U.S. trade delegation is on its way back from China. Trump says “we…
The Latest: Trump says US needs ‘fairness’ on China trade
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 11:30 p.m. President Donald Trump says there’s a need to “bring fairness to trade between the U.S. and China” and his administration…
China Biologic Reports Financial Results for the First Quarter of 2018
–1Q18 Total Sales Up 13.7% YoY and Non-GAAP Adjusted Net Income Up 2.1% YoY in RMB terms, or Total Sales Up 23.0% YoY to $112.5 Million and Net Income Up 5.3% YoY to $31.6 Million…
Trump wants China to cut US trade deficit by $200B by 2020
BEIJING — The Trump administration is demanding that Beijing reduce America’s massive trade deficit with China by $200 billion by the end of 2020,striking an assertive stance in talks aimed at averting a trade war…
The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Chinese President Xi Jinping is displayed on a big screen as he delivers a speech at the closing session of the annual National People’s Congress in March. (AP Photo/Ng Han Guan) The Trump trade mission…
China Bank income rises in Q1
CHINA BANKING Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In a disclosure to the Philippine Stock Exchange on Friday, the…
U.S. to pitch for higher lending rates at ADB meet as region eyes China
The administration of U.S. President Donald Trump had chided the World Bank’s lending to higher-income countries such as China, saying they should “graduate” to non-concessional loans. “Some of the reform priorities that we pursued at…
ADVERTISEMENT
