The State Bank of Pakistan (SBP) has issued a banking licence to the Bank of China, a press release on Saturday said. The bank will commence its business in branch mode after meeting other regulatory…
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China’s Bank Lending Expanded in April
BEIJING—Strong demand from households and businesses drove up bank lending last month, though nontraditional credit slowed as the authorities moved to restrict shadow banking. Chinese financial institutions issued 1.1 trillion yuan ($159.3 billion) worth ……
China stocks rise as c.bank injects funds; Hong Kong edges up
China’s main stock indexes extended gains on Friday morning, as the central bank’s move to inject funds amid liquidity worries offered some solace. The CSI300 index rose 0.5 percent, to 3,373.49 points at the end…
China able to keep its financial markets stable, Premier Li says
BEIJING Chinese Premier Li Keqiang said on Sunday that China is capable of maintaining stability in its financial markets. China will also strike a balance between financial stability, gradual deleveraging and steady economic growth, Li…
China's Xi says Silk Road plan boosts finance, security ties
BEIJING (AP) — Chinese President Xi Jinping has called for closer cooperation among countries across Asia and Europe in areas from anti-terrorism to finance, as officials from dozens of governments met to promote a Beijing-led…
U.S., China make trade deal
The United States and China have agreed to increase access for U.S. financial firms in China and expand trade in beef and chicken. Fred Katayama reports. China agreed to open its market to U.S. card…
While B.C. counts ballots, the U.S. signs a big LNG deal with China
The three co-chairs — Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross of the United States and Vice Premier Wang Yang of China — reached consensus on issues such as agricultural trade,…
Bank of China given license to operate in Pakistan by central bank
ISLAMABAD Pakistan’s central bank has granted government-run Bank of China a license to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday. China…
China launches emergency probe on banks to check risky lending: sources
SHANGHAI China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, sources told Reuters, as Beijing deepens its crackdown on shadow banking. Guo Shuqing, the newly-installed chairman of the China Banking…
UPDATE 1-U.S., China reach deals on access for beef, financial services
WASHINGTON/BEIJING May 11 The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing,…
U.S., China reach deals on access for beef, financial services
WASHINGTON/BEIJING The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce…
China central bank shuffles market funding, injects medium term cash
SHANGHAI China’s central bank injected fresh funds through a medium-term lending facility on Friday while keeping a tight rein on short-term funding in what appeared to be a further effort to dampen speculative investment while…
UPDATE 1-China launches emergency probe on banks to check risky lending – sources
SHANGHAI, May 12 China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, sources told Reuters, as Beijing deepens its crackdown on shadow banking. Guo Shuqing, the newly-installed chairman of the…
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