Matt Jamieson, Senior Director/Head:APAC Research, Fitch Ratings Australia discussed credit risk for corporates as a result of trade tensions in the APAC region. He spoke with Doug Krizner and Juliette Saly, and goes on to…
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China denies Xi comments aimed at settling US dispute
BEIJING — China’s government on Thursday denied President Xi Jinping’s promise of market-opening measures this week was aimed at settling a tariff dispute with Washington and said negotiations are impossible under “unilateral coercion” by the…
China presents huge rewards — and serious risks — for US banks
China has promised to lift restrictions on foreign lenders in its massive banking system, creating a huge opportunity for America’s biggest banks. The enormous size and rapid growth of China’s economy make it a tantalizing…
World Bank raises East Asia’s 2018 GDP outlook, but wary of trade war
JAKARTA (Reuters) – The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible U.S.-China trade war could harm growth in countries that are part of…
New challenge to USD: SBP allows Bank of China to settle transactions in yuan
KARACHI -UNS : The State Bank of Pakistan granted Bank of China permission to establish yuan settlement and clearing mechanism in a major step to encourage trade with Chinese currency and eventually in the respective…
China central bank governor says first quarter economic data a little better than expected
BEIJING (Reuters) – China’s central bank governor, Yi Gang, said on Thursday that first-quarter Chinese economic data has been a little better than expected. Yi was a speaker at a Belt and Road conference in…
China Takes New Step Toward Opening Its Financial Markets to the World
Given China’s creaky financial system and high debt buildup, Beijing is keen to maintain a tight grip on the pace of financial liberalization and capital flows, analysts say. “We can’t deal with it if we…
China Construction Bank opens a branch managed by robots
After the introduction of unstaffed convenience stores and cashier-less karaoke booths, self-service bank branches now look like they are becoming a reality. China Construction Bank (CCB), the nation’s second largest lender by assets, opened one…
Beijing unveils financial opening moves, boosts Hong Kong stock link, plays down yuan talks
China’s central bank has unveiled a slew of market opening measures in the financial sector on Wednesday, including the removal of foreign ownership caps of banks, as Beijing tries to paint itself as an open…
Breakingviews – China’s financial market door only opens inward
HONG KONG (Reuters Breakingviews) – China’s latest financial opening promises go in one direction. Central bank governor Yi Gang on Wednesday pledged to lower ownership barriers for foreign financiers by the end of the year,…
China Adds Flesh to Bones of Plan for Big Bang Financial Opening
China’s plan for an historic opening of its financial sector came into sharper focus as the nation’s top central banker elaborated on pledges from President Xi Jinping that have buoyed global markets and eased trade…
China to open its doors to foreign banks
China’s new central bank governor Yi Gang announced the move on Wednesday, confirming Beijing is serious about moving swiftly on President Xi Jinping’s commitment a day earlier to open up the country to more foreign…
China, HK stocks climb as Beijing pledges to further open financial sector
China will allow foreign investors to enter its trust, financial leasing, auto finance and consumer finance sectors by the end of this year, the country’s central bank said on Wednesday. China also will raise foreign…
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