More than half of some Bank of China clients who applied for a tourist visa had it approved within one business day in the past two years, after an agreement to fast-track them. Immigration New…
Tagged By banking
Foreign companies ready to enter financial market
They may prefer setting up joint ventures as a path to the core of the financial sector. The People’s Bank of China said that last year domestic payment institutions processed 169 trillion yuan (£19.6 trillion),…
NZ visas for Chinese bank’s clients fast-tracked
… introduced a streamlined visa process for the bank’s private banking or prestigious wealth management customers two years ago. It has since also signed a similar deal with China UnionPay for its Platinum or Diamond…
Pakistan, China currency swap to promote bilateral trade: Says PBC
BEIJING: The People’s Bank of China, the country’s central bank, said Thursday it had extended a currency swap agreement with the State Bank of Pakistan. The swap is sized at 20 billion yuan (3.1 billion…
Is the day of reckoning coming for China’s corporate bond market?
The defaults continued in May. While the amounts are a drop in the bucket of the overall industry, analysts said defaults were set to grow this year and beyond as China’s central bank tightened up…
China gives Pakistan $1.6 billion credit line to boost currency reserves – central bank sources
ISLAMABAD (Reuters) – China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting…
Bank of China uses blockchain technology to combat poverty in Tibet
According to a survey conducted by the World Bank in 2015, more than 700 million people are living without sufficient money to fulfill their basic necessities or afford a considerably comfortable in a society like…
Deutsche Bank to slash more than 7,000 jobs; chairman survives revolt – as it happened
Umpteen thousands of Deutsche Bank workers will be more concerned about their own … With trade war fears with China still circulating, Trump aggravating the global community with potential tariffs on the automobile industry and…
UBS combines China, Hong Kong banks as it appeals to keep licence to sponsor Hong Kong IPOs
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
CORRECTED-Pakistan doubles size of currency swap agreement with China – central bank
ISLAMABAD, May 24 (Reuters) – China has increased the size of a currency swap agreement with Pakistan by 10 billion yuan ($1.57 billion), two Pakistani central bank sources said on Thursday, with cash earmarked for…
Local Bank Rolls Out Red Carpet for Chinese Business Community
As such, the bank continues to cement its strong ties with Chinese business community, further enhancing Namibia/China business relations in the country. To this end, the bank recently hosted an engagement for the Chinese community,…
UBS combines China, Hong Kong banks as it fights to keep licence in world’s biggest IPO destination
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
China on Reserve Bank watch-list
Governor Lowe noted that while the ascent of the Chinese economy has been positive for Australia, it is also not without its risks: “If a major economic shock were to originate from China over the…
