No other products have been listed twice and it now faces cumulative import duties of 71 percent, not including value added tax, according to a formula published on the website of China’s finance ministry last…
Tagged By banking
FS meets financial officials
Financial Secretary Paul Chan met senior financial officials in Beijing today. He first met Deputy Governor of the People’s Bank of China Pan Gongsheng. They discussed the maintenance of financial stability, the internationalisation of the…
What types of energy does China finance with its development aid?
China has been steadily intensifying its economic and strategic relations with developing countries in recent years. Through deepening trade ties, large-scale infrastructure financing and its ambitious vision to create ‘seamless connectivity’ through … ( read…
Chinese media denounces Trump trade moves as Beijing touts sincerity
BEIJING (Reuters) – The Trump administration has “blood lust … China has accused the United States of “extreme pressure and blackmailing” and vowed to retaliate, and financial markets have been hit hard by the escalating…
Hexindai : Joins Nandu Finance Digital Union to Aid Transformation of China Financial Services Industry
BEIJING, June 20, 2018 /PRNewswire/ — Hexindai Inc. (NASDAQ: HX) (“Hexindai” or the “Company”), a fast-growing consumer lending marketplace in China, today announced that it has been officially accepted as a member of the Nandu…
Beijing looks to lead in cultural creative sector
Beijing’s deputy Party secretary, while the opinion includes 19 supportive policies aimed at providing financial support for existing and planned demonstration parks. Support will cover areas including infrastructure, public services, financial services … ( read…
China central bank expects banking system liquidity to rise further from current level
SHANGHAI (Reuters) – China’s central bank said on Thursday that it expects liquidity in the banking system to increase further from current levels. The remarks were made by the People’s Bank of China (PBOC) after…
Major Chinese lenders made illegal loans, Beijing’s audit office says
Violations by Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), Agricultural Bank of China Ltd (AgBank) (1288.HK)(601288.SS), and China CITIC Group Co., Ltd included providing loans, discounted bills and gold leases to unqualified companies ……
Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate
A higher midpoint rate by the central bank on Tuesday showed Beijing was trying to stabilise the exchange rate. On the mainland, turbulence in the capital and money markets is seen as a serious issue…
Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong … where he was co-head of China investment banking and Asia vice chairman. The last person to run…
China Central Bank Governor Says Stay ‘Calm and Rational’ After Market Free Fall
China’s central bank governor urged investors to “stay calm” Tuesday following a plunge in domestic stocks that sent the country’s benchmark index to a two-year low following the latest escalation of the ongoing trade war…
Hong Kong, China in Danger of Financial Crisis Within 3 Years: Nomura
Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators.…
China could be on the verge of stoking its financial fire even further
Recent Chinese economic data has undershot expectations, leading to speculation that China’s central bank may take steps to support activity levels. RBC Capital Markets thinks the bank is likely to cut a critical ratio for…
