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…
Tagged By banking
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…
IMF says may raise China 2017 GDP forecast again
WASHINGTON China’s economy may grow faster than the International Monetary Fund (IMF) had expected for all of 2017 after a first-quarter performance that beat forecasts, the fund said, as it urged Beijing to address entrenched…
China's banking regulator warns trust firms of rising danger: sources
BEIJING China’s banking regulator sees “severe risks” from funds flowing into the real estate, coal and steel industries through the trust industry, a major part of the shadow banking sector, two sources with knowledge of…
China Update – Why Is the Consensus Now So Optimistic?
But, as I have been arguing for years, China was not on the verge of a financial collapse and was never likely to collapse as long as regulators were credible and able to restructure liabilities…
China uncovers environment breaches
More than two thirds of the companies investigated by China in its latest campaign against pollution have violated environmental rules, a environment ministry official says. China launched a campaign earlier this month aimed at “normalising…
China and Switzerland Plan to Exchange Fintech Knowledge
Swiss Finance Minister Ueli Maurer has been touring China for the past week. On several stops along his trip, Maurer has given speeches and interviews detailing Switzerland’s hopes in strengthening financial ties with China and…
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