China’s broadest measure of new credit increased more than estimated in March amid strong growth in shadow banking. New loans slowed for a second month while the money supply increased at the most sluggish pace…
Tagged By banking
Russia and China Preparing Alternative Banking Architecture
It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the…
China's Ant Financial raises offer for MoneyGram to $1.2 billion
SINGAPORE China’s Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc (MGI.O) and the deal was unanimously approved by the U.S. firm’s board, outbidding rival Euronet Worldwide Inc (EEFT.O). Ant, the…
Sacking of Chinese Insurance Regulator Foretells Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
China to post solid, steady first-quarter growth on building boom, but debt risks loom
A strong reading could help wobbly global financial markets but add to worries that China’s government is still relying too heavily on old growth engines like stimulus and not doing enough to tackle risks from…
Sacking of Chinese Insurance Regulator Foretells of Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
China tightens financial conditions more visibly to stem asset bubbles: CICC
A notable deceleration of China’s credit expansion indicates a more prudent monetary policy stance enabling it to address inflating asset bubbles, according to a recent report by China International Capital Corp. (CICC). Adjusted growth of…
China Raises CPEC Investment to $62b
China has again hiked its investment in the China Pakistan … fuel growth and the country is likely to achieve the GDP growth rate of 5% during current financial year. In fact, a number of…
Trump Says China ‘Working With Us’ on North Korean Issue
President Donald Trump explained the decision to not label China a currency manipulator, which reversed a promise he made during the election campaign, as a function of receiving Beijing’s help in reining in North Korea.…
Trump pulls his punches on China and Germany
Trump’s policy reversal on China sends a signal to global finance chiefs ahead of next week’s meeting in Washington, D.C., that Trump could soften the aggressive trade positions he staked out during his campaign. (…
China and Canada in a game of economic footsie
The two leaders agreed on a 100-day plan to discuss the American trade deficit. China even identified some concessions it was willing to make, the Financial Times reports but the Chinese are pointedly exploring other…
Report shows gap between Asian and Western financial hubs is narrowing
A tourist poses in front of the bull statue at the Bund in Shanghai. The city has progressed in rankings of global financial centers. [Photo by Yan Daming/For China Daily] The wide gap in financial…
China gets tougher on financial market malpractice
Those involved in illegal financial market activities such as insider trading have reasons to be fearful, as Chinese authorities are escalating efforts to put financial markets under stricter scrutiny. Adding to the recent slew of…
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