All this capital will be routed through Hong Kong, further cementing the city’s role as an integral part of China’s effort to integrate its financial system with global financial markets. A successful Bond Connect is…
Tagged By banking
China lashes out at US as Trump-Xi honeymoon ends
China lashed out at the US on Friday in protest at an apparent … a Chinese bank near the border with North Korea, from the US financial system for helping Pyongyang engage in money laundering.…
China says risk of gov’t debt controllable
Authorities have assigned the debt ceiling and the value of government debt outstanding has been declining with risks diminishing, said Wang Kebing, deputy head of the Ministry of Finance budget department. Most of the problems…
Trump taking wrong approach to China, says Reagan official who helped ‘Star Wars’ beat the Soviets
The key is, China has done it through technology-based planning.The country “is run by engineers and physicists, not MBAs and economists,” Sekora said. Technology-based planning over a finance-based approach By stark contrast, Trump is merely…
U.S. blacklists Chinese bank accused of illicit dealings with North Korea
it comes a week after the president lamented that China’s promise to help with North Korea “has not worked out.” Calls to Bank of Dandong rang unanswered on Friday. Beijing, however, criticized Washington’s action, saying…
US blacklists China bank, revving up pressure over NKorea
The United States has blacklisted a small Chinese bank accused of illicit dealings with North Korea, escalating the pressure on Beijing to rein in its wayward ally amid increased signs of frustration among President Donald…
Blacklisted China bank cited as North Korea’s conduit to global finance
Washington’s move to shut off Bank of Dandong from the U.S. financial system punishes a small regional Chinese lender with what U.S. authorities say has been an outsized exposure to North Korea and its banned…
Blacklisted China bank cited as a North Korea conduit to global finance
BEIJING Washington’s move to shut off Bank of Dandong from the U.S. financial system punishes a small regional Chinese lender with what U.S. authorities say has been an outsized exposure to North Korea and its…
Trump administration blacklists Chinese bank as the White House ramps up pressure on North Korea’s nuclear missile ambitions
The United States on Thursday blacklisted a small Chinese bank accused of illicit dealings with North Korea, escalating the pressure on Beijing to rein in its wayward ally amid increased signs that President Donald Trump…
US sanctions Chinese bank for laundering N.Korean cash
The United States slapped unprecedented sanctions Thursday on a Chinese bank accused of laundering North Korean cash after President Donald Trump said Beijing’s efforts to put the brakes on Pyongyang’s nuclear drive had failed. As…
U.S. blacklists Chinese bank over North Korea dealings, raising pressure on Beijing
Anthony Ruggiero, a sanctions expert and former Treasury Department official, described it as a small Chinese bank “sitting at the heart” of trade between North Korea and China. “This is a strong message to Chinese…
With bank sanctions and arms sales, US hardens line on China
Under the policy, the U.S. recognizes Beijing as the sole government of China but maintains strong unofficial ties with Taiwan and remains the island’s main supplier of defense equipment. Meanwhile, the Treasury Department proposed to…
Global coordination important as world economy changes: China vice finance minister
BEIJING Global coordination is important as the world economy undergoes changes, including the latest increase in U.S. interest rates earlier this month, China’s Vice Finance Minister Zhu Guangyao said ahead of a G20 summit of…
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