Speaking as the ADB began its annual meeting Thursday in Yokohama, Japan, Nakao told reporters he hopes for more cooperation with the Beijing-backed Asia Infrastructure Investment Bank. “We can complement each other,” Nakao said. “The…
Tagged By banking
China's Ant set to ink $3.5 billion loan to help fund MoneyGram bid – Basis Point
HONG KONG China’s Ant Financial, an affiliate of online shopping giant Alibaba Group (BABA.N), is close to signing a $3.5 billion loan a part of which will help fund its purchase of U.S. money transfer…
Chinese firm becomes Deutsche Bank's biggest shareholder
China Inc. has just become the largest investor in Germany’s biggest bank. HNA Group, a deal-hungry Chinese conglomerate, now owns almost 10% of Deutsche Bank (DB), according to a filing Tuesday. That means it has…
China to further regulate local government debt issuance and financing
BEIJING China will further regulate local government debt issuance and financing, six government agencies said in a joint statement on Wednesday, reinforcing recent steps to bolster financial risk controls. China has taken aim at potential…
China Seeks to Calm Investors With Words and Cash After Rout
China is breaking out its mouthpieces — and wallet — as it seeks to soothe investors in the face of tighter financial market regulations. “Policy makers are trying to send a very clear signal –…
Fish futures can provide new financial tool for China
China saw an influx of speculative capital into commodities exchanges in 2016. Such hot-money rushes are caused by a dearth of alternative investment options. But if the central government were to allow sensible speculation, a…
China in strong position to ward off financial risk
BEIJING — China is in a strong position to ward off systemic risks to maintain financial security, and must do so now. Financial security is part and parcel of national security, and concerns the wealth…
China lending rates swing as central bank injects cash into financial system
Lending rates in China swung on Wednesday after the country’s central bank pumped the most cash into the financial system in almost four months. Authorities are facing the tricky task of increasing regulatory scrutiny of…
China tries to calm investors with words, cash amid tougher market regulations
Beijing: China is breaking out its mouthpieces—and wallet—as it seeks to soothe investors in the face of tighter financial market regulations. The central bank-run Financial News urged stock investors not to overreact to tougher regulations…
China slowing to target
for increased efforts to ward off systemic risks to help maintain financial security. The People’s Bank of China (PBOC) have also been working towards this goal by lifting short term interest rates – 7-day, 14-day…
Ambassador Lu Shaye: Why Canada-China free trade is a win-win for both countries
Last week, officials and experts from both China and Canada held in Ottawa the second round of exploratory discussions on a bilateral free-trade agreement. Both sides enjoyed in-depth and fruitful discussions. The Chinese premier and…
Rona Ambrose: For better trade with Washington, Canada can’t be cozying up to China
We should be doing everything we can to focus the conversation on this common ground. That’s why we should be talking about China. President Trump has been very open about his plans to get tough…
Former Unicorn China Rapid Finance Goes Public at a $350M Valuation
Two weeks ago I wrote about China Rapid Finance and their plans to go public. I shared information about their target borrowers which they call the Emerging Middle Class Mobile Active (EMMA for short) and…
