Korea’s Finance Minister Yoo Il-ho has said he thinks China may be taking unfair and indirect action in some cases. China opposes the deployment, with a foreign ministry spokesman last month saying it hoped South…
Tagged By banking
Beijing to invest US$4.85B in Beijing-Tianjin-Hebei development
Beijing will invest 33.31 billion yuan (US$4.85 billion) this year in Beijing-Tianjin-Hebei coordinated development, according to the municipal finance bureau. [Photo: Global Times] Beijing will invest 33.31 billion yuan (US$4.85 billion) this year in ……
JD confirms plans for banking license
JD.com Inc, China’s second-biggest e-commerce player, confirmed on Friday it is carrying out work related to a banking license, in a move that would see it joining its tech counterparts in offering banking services. The…
China’s bank brands value surpasses America’s for the first time
For the very first time, the combined brand value of China’s lenders has surpassed that of the United States. China’s bank brands account for 24% (US$258 billion) of the total brand value of the Brand…
China raises interest rates for Standing Lending Facility loans – sources
SHANGHAI China’s central bank raised the lending rates on its standing lending facility (SLF) loans on Friday, two banking sources said. The overnight rate for the SLF loan was raised to 3.1 percent from 2.75…
China’s central bank starts Year of the Rooster with ‘groundbreaking’ broad rise in money market rates
China’s central bank has surprisingly raised money market rates across the board on the first working day in the Year of the Rooster – sending a clear signal that Beijing is tightening its monetary policy…
Bank of China closes accounts of Gupta-linked firm
The Bank of China has become the latest financial institution to be drawn into the controversy surrounding the closure of bank accounts belonging to companies linked to the Gupta family. Steel maker VR Laser said…
China will keep monetary policy prudent and stable: central bank official
SHANGHAI China will keep monetary policy generally prudent and stable, while also avoiding either a rapid slowdown in economic growth or excessive liquidity injections, the central bank assistant governor wrote on Friday. The comments from…
Amid Beijing's 'Silk Road' splurge, Chinese firms eye Pakistan
“This will facilitate more financial support for our enterprises,” Sun said … The Chinese interest comes as Islamabad and Beijing discuss the next phase of CPEC: how to build Pakistan’s industry with the help of…
As Trump sows tensions with Mexico, Beijing may reap rewards
The world’s number-two economy is closely watching as Trump threatens to renegotiate the North American Free Trade Agreement and presses Mexican President Enrique Peña Nieto to finance construction … trading partner, and Beijing is likely…
China raises short-term interest rates in fresh tightening signal
SHANGHAI (Reuters) – China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of a tightening policy bias as…
China net 2016 outflows at record $725 billion: IIF
LONDON Capital outflows from China surged last year to a record $725 billion and could pick up further if U.S. firms face political pressure to repatriate profits, the Institute of International Finance said on Thursday.…
China Understands The Limits Of Financial Engineering
When China published “Some Measures to Expand China’s Openness and Aggressively Utilize Foreign Investment Capital,” a lightbulb went on in my head: China finally “gets” the limits of financial engineering and will return to first…
