China’s Vice Finance Minister Zhu Guangyao was quoted on Saturday as saying policymakers were watching capital outflows closely. Bank of China, the country’s biggest currency trading bank, has begun to sharply limit corporate customers’ ability…
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China's liquidity flood stirs debt fears
The current tussle to ward off a financial crisis pits the world’s most powerful authoritarian system against the propensity of money to resist control as it seeps and flows like water through unattended apertures. China’s…
Can the internet revolutionise finance in China?
Internet finance in China has developed rapidly over the past several years. Internet finance embraces a huge range of activities, including third-party payment, online lending, direct sales of funds, crowd-funding, online insurance and banking and…
No price like home: Big spenders reappear in China
“Some brands price their products in China closer to the overseas markets, such as Chanel,” said Emma Yu, a 32-year-old housewife exiting a Cartier store while shopping for a handbag in Shanghai’s financial district. “If…
Chinese policymakers closely watching capital flows, market changes: Finance minister official
BEIJING China’s policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday. Zhu said that China will “unswervingly” push forward reforms including the internationalization of…
China securities regulator chairman condemns "barbaric" company buy-outs by asset managers
Liu said China’s capital markets had seen a series of “abnormal phenomena” lately, challenging the bottom line of China’s financial law and regulations. “That is not financial innovation,” Liu said. In a commentary responding to…
Kenya says China's Exim Bank may finance $4.9 billion rail link with Uganda
NAIROBI China’s Exim Bank has expressed interest in financing the third section of Kenya’s planned rail link with Uganda at an estimated cost of $4.9 billion, a senior Kenya Railways official said on Friday. China…
China aims to boost equity funding with national investment standard – central bank official
BEIJING (Reuters) – China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People’s Bank of China (PBOC) said on…
China has lodged a diplomatic protest following Trump's call with Taiwan's president
China’s Foreign Ministry lodged a diplomatic complaint on Saturday following US President-elect Donald Trump’s 10-minute telephone call with Taiwan President Tsai Ing-wen, Reuters reported. The 10-minute call on Friday marked the first time a US…
5 Things About China-Taiwan Relations
For many decades, the region was a flashpoint between China and Taiwan, one that threatened to embroil the U.S. Here are 5 things to know about it. #1: The Past Is Present China claims Taiwan…
China coal mine blasts kill 38: report
An unspecified number of miners were still buried under the ground and rescue efforts were underway, Xinhua said. China is the world’s largest coal producer and deadly accidents are common. A further 33 miners were…
China watching capital flows, accepts US rate rise likely
Bloomberg China’s policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday. Zhu said China will “unswervingly” push forward reforms including the internationalisation of the…
Bank of China sharply limits forex sales to companies in Shanghai: sources
SHANGHAI Bank of China, one of the country’s “Big Four” state banks, has begun to sharply limit corporate customers’ ability to purchase foreign currency in Shanghai, in what sources said on Friday was a bid…
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