The Minister of Finance has hinted of the new government’s commitment, to develop better relationship with the Chinese, which is aimed at developing a robust economy. In view of this, the government is expected to…
Tagged By banking
Alibaba's Ant Financial in talks to raise more than $3 bln – report
HONG KONG (Reuters) – China’s most valuable online finance company, Ant Financial, is looking to raise more than $3 billion in debt to fund international expansion, according to technology news website The Information. The finance…
China Seen as Key to Financial Sanctions on North Korea
China’s willingness to implement existing sanctions is vital to financial pressure on the development of nuclear arms by North Korea, a former senior U.S. official said Tuesday. Since early 2015, Washington has been applying incremental…
Atlantic Canadian oil headed to China for the first time amid OPEC cuts
ARC Financial Corp. vice president, energy research Jackie Forrest said she was not aware of any previous shipments of oil from Atlantic Canada heading to China because of the high price of transportation. “Typically, there…
Why China's Central Bank Is Losing Money
Bill Adams, senior international economist at PNC Financial in Pittsburgh says China’s rainy day fund is in decline because exports are in decline, foreign investment into China is weaker than usual and interest rates are…
A greener shade of digital finance
BEIJING – Digital finance has turned out to be an unexpected revolutionary, simply by enabling low-cost financial inclusion. Thanks to new financial technologies (fintech), consumers can shop seamlessly, migrants can send hard-earned money to their…
China's approach to development finance
Aligning State and Market: China’s Approach to Development Finance is authored by economist Chen Yuan – former president of the China Development Bank. The book records how Chen Yuan and China Development Bank (CDB) gave…
China signals neutral monetary policy with rate hikes
On the first working day of the Year of the Rooster, China’s central bank surprised financial markets by raising lending rates to banks, widely interpreted as a shift towards neutral monetary policy as economic fundamentals…
China's monetary policy to be more prudent, neutral
China’s monetary policy is expected to be more prudent and neutral, to rein in asset bubbles and guard against financial risks, economists have said. The central bank, the People’s Bank of China (PBOC), Friday raised…
China vows strong punishments for illegal financing activities
BEIJING China will severely punish people involved in illegal financing … “Conscientiously follow the demands of the central government, put the prevention of financial risk in an even more important position,” Xinhua said. “Severely punish…
Ghana seeks 'enhanced relationship' with China: finance minister
ACCRA Ghana’s new government will seek to enhance its relationship with China in order to help develop its economy, Finance Minister Ken Ofori-Atta told reporters on Sunday. He said the ministry would on Monday hold…
Preview – China Jan data to show slide in FX reserves slowing, inflation picking up
China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday. While the rate increases were modest, they reinforced views that authorities are intent…
China ships sail near disputed isles after Mattis visit: Japan
Japan said Chinese coast guard vessels sailed Monday into its territorial waters around disputed islands in the East China Sea, days after the new US defence chief vowed to defend Tokyo’s control of them. Three…
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