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Tagged By banking
China Central Bank Governor Says 6.5% Growth Target ‘Within Reach’
(Beijing) — China’s target to achieve a growth rate of about 6.5% this year is “within reach” and financial risks in the country are “well under control,” People’s Bank of China Governor Zhou Xiaochuan said.…
China stocks head for worst day of 2017 as regulators tighten grip
SHANGHAI China stocks tumbled more than 1 percent on Monday and looked set for their biggest loss of the year amid signs that Beijing would tolerate more market volatility as regulators clamp down on shadow…
China Cools Growth in Wealth Products Worth Trillions of Dollars
Outstanding products issued by banks stood at 29.1 trillion yuan ($4.2 trillion) as of March 31, up 18.6 percent from a year earlier, according to the China Banking Regulatory Commission. The growth rate slumped from…
China stocks post worst day this year as regulators tighten grip
SHANGHAI China stocks tumbled more than 1 percent on Monday in their worst day this year amid signs that Beijing will tolerate further market volatility as regulators increasingly clamp down on shadow banking and speculative…
Israel signs deal to bring Chinese laborers, but they won’t work in West Bank
Israel signed an agreement with China on Sunday to bring in 6,000 Chinese construction workers, and agreed they will not work in the West Bank. The move comes despite an ongoing Israeli government campaign to…
China said to crack down on property financing through trusts
China’s banking regulator has instructed trust companies to rein in funding to the nation’s booming real estate sector, intensifying a campaign to curb risks in both the property market and the shadow-finance industry. The China…
China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan
Speaking at a G20 summit meeting of the world’s top economies in Washington last week, finance minister Xiao Jie said an increasing number of positive signs were seen in the Chinese economy in the first…
China's strong first-quarter growth highlights positive signs: finance minister
In a notice published on the Ministry of Finance’s website on Saturday, Xiao told a G20 summit meeting of the world’s top economies that China is making progress on supply-side structural reforms. Over the past…
Time is ripe for stronger Sino-Nigeria financial ties
From the perspective of Nigeria, the country possesses a considerable sovereign wealth fund, laying a solid foundation for China to carry out financial cooperation with the country. Nigeria’s purpose in setting up the sovereign wealth…
Global finance leaders grapple with globalization fears
WASHINGTON — Global finance leaders on Saturday dropped a sharp condemnation … Trump has threatened to impose punitive tariffs of up to 45 per cent against Mexico, China and other nations he believes are competing…
China WMP growth eases in first quarter amid crackdown – regulator
SHANGHAI/BEIJING The growth of Chinese wealth management products (WMPs) and interbank liabilities eased in the first quarter of the year, China’s banking regulator said late on Friday, amid a crackdown by Beijing on risky behavior…
China's financial trends are 'dangerous and unsustainable'', says International Monetary Fund
NEW DELHI: Even though the International Monetary Fund (IMF) said today that it may increase its 2017 GDP projection for China – after better than-expected first-quarter growth numbers – it warned that financial trends from…
