SHANGHAI (Reuters) – China’s central bank will take on a beefed up role managing systemic risk in the country’s financial markets, state broadcaster China Central Television said on Saturday, citing President Xi Jinping. Speaking at…
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China-Led Infrastructure Bank Secures AAA Rating from Fitch
China’s rival to the World Bank, the Asian Infrastructure Investment Bank, is making headway in its quest to become an alternative provider of development finance. The Beijing-based bank on Thursday secured an AAA rating by…
Bank of China becomes banking partner of Beijing 2022 Winter Olympic Games
The organizers officially announced on Thursday that Bank of China becomes the official banking partner of the Beijing 2022 Olympic and Paralympic Winter Games. The sponsorships programs of Beijing 2022 are divided into four categories,…
China Finance Online Co. Limite (JRJC) Trades at 52-Week High
The company is trading down by -6.00 percent from yesterday’s close. Short traders are feeling a little more bearish on shares of the company if you take into consideration the rise in short interest. The…
Rare meeting among Chinese regulators could set bigger role for central bank
BEIJING (Reuters) – China’s financial regulators are gathering in Beijing in a once-in-five-years huddle that many expect will formalize a greater coordination role for the central bank, but will stop short of pushing changes that…
Bank of China becomes Beijing 2022’s first partner
The Bank of China has been announced as the first official partner of the Beijing 2022 Olympic and Paralympic Winter Games. The organizers officially announced on Thursday that Bank of China becomes the official banking…
Bank of China announced as first official partner of Beijing 2022
The Bank of China has been announced as the first official partner of the Beijing 2022 Olympic and Paralympic Winter Games. A signing ceremony took place in the organisation’s headquarters in the Chinese capital earlier…
China defends imports of North Korean iron ore
BEIJING — China defended Thursday its purchase of iron ore from North Korea following criticism by U.S. President Donald Trump and said it is “strictly and earnestly” complying with U.N. sanctions. China stopped importing North…
Too Little Too Late? Why Chinese Banking Reforms May Not Be Enough To Keep Money Flowing
China’s economic expansion requires a responsive and responsible banking system to keep money flowing. This means financial reform in how China does business or else face severe financial implications having global consequences. China’s economy has…
What’s on the Agenda at China’s Five-Yearly Finance Meeting: Q&A
The next meeting of the National Financial Work Conference takes place July 14-15 in Beijing, with President Xi Jinping expected to attend. There’ll be plenty to talk about. Reining in financial risk is a key…
China’s export, import growth accelerate in June
BEIJING — Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the world’s No. 2 economy. Exports rose 11.3 per cent to $196.6 billion, up from…
CHINA RISING: Beijing puts down banking roots in CEE
China has begun buying banks in CEE as part of its plans to deepen ties with the region. Three banking acquisitions are already closed and at least two more are pending approval by regulators. The…
China’s central bank: We’ll boost ability to adjust interest rates
BEIJING China’s central bank said on Thursday that it will strengthen the ability to adjust interest rates and improve efficiency of its medium-term lending facility (MLF), standing lending facility (SLF) and reverse repos operations. The…
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