Gillian Tett, Financial Times U.S. managing editor, discusses the paper’s interview with President Donald Trump on topics such as North Korea and the upcoming meeting with China President Xi Jinping. ( read original story …)
Tagged By banking
China’s largest banks beat expectations in 2016 earnings, what lies ahead may not be as rosy
China’s five largest banks turned in better than expected 2016 financial performance last week, but analysts warned that the worst is not over as risks of a property market shock could threaten financial stability in…
Trump presses China on North Korea ahead of Xi talks
The comments, in an interview published on Sunday by the Financial Times, appeared designed to pressure Chinese President Xi Jinping ahead of his visit to Trump’s Mar-a-Lago resort in Florida this week. “China has great…
Trump ready to 'solve' North Korea problem without China
“If China is not going to solve North Korea, we will. That is all I am telling you,” he said in an interview with UK paper Financial Times. Pressed on whether he thought he could…
China central bank injects $89.9 bln of liquidity in March
BEIJING: China’s central bank injected 618.99 billion yuan ($89.93 billion) into the financial system via short- and medium-term liquidity tools in March, up nearly 50 percent from the previous month, even as financial markets feared…
China central bank says economy stable but complexities 'cannot be underestimated'
SHANGHAI China’s economy remains “generally stable” but it is facing complexities that “cannot be underestimated”, the country’s central bank said in a statement on Saturday following a quarterly meeting of its monetary policy committee. The…
Bank of China not optimistic about 2017 after profit drop
SHANGHAI/BEIJING, March 31 (Reuters) – Bank of China Ltd (BoC) , the country’s fourth-largest lender by assets, reported a fall in full-year profit for the first time in more than a decade on Friday, the…
UPDATE 1-Bank of China's annual profit falls for first time in decade
SHANGHAI/BEIJING, March 31 Bank of China Ltd (BoC) , the country’s fourth-largest lender by assets, on Friday reported a fall in full-year profit for the first time in over a decade, the only one of…
Banking on a good relationship
The Industrial and Commercial Bank of China (ICBC) is the largest bank in the world by total assets and market capitalisation. It was the first Chinese bank to gain a New Zealand banking registration in…
China bank regulator inspecting off-balance sheet risks at city banks – sources
SHANGHAI, March 30 China’s banking regulator is inspecting off-balance sheet risks at city commercial banks, two sources told Reuters on Thursday, as China steps up checks on banks in an effort to control risky lending.…
China central bank paper claims Beijing can make ‘impossible trinity’ possible
Chinese central bankers have done the economic “impossible”, finding a way to have a stable yuan, a free market and effective monetary policy. That is the assessment of two central bank researchers, who claimed in…
China Minsheng Banking : Minsheng Bank year net up 3.8% to Rmb47.84bn; div Rmb16.5cts
year-on-year to Rmb47,843 million. Net profit increased at a slower pace, primarily due to the combined effects of less net interest margin and higher provision. Basic and diluted earnings per share were Rmb1.31. Net interest…
China Minsheng Banking : 2016 Net Profit CNY47.84 Billion
HONG KONG–China Minsheng Banking Corp. Ltd. (1988.HK) late Thursday reported a 3.8% rise in its 2016 net profit amid steady operating income. The Chinese bank said net profit for the year ended Dec. 31 rose…
