On Thursday, amid a slew of Sino-U.S. dealmaking during President Donald Trump’s visit to China, the Foreign Ministry said entry barriers to sectors such as banking, insurance, securities and funds will be “substantially” eased. That…
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China’s New Effort to Tame Its Financial System May Disappoint
BEIJING — China on Wednesday released fresh details about a new financial regulatory body intended to calm a financial system that in recent years has endured a stock market crash, a huge exodus of money…
China’s new financial oversight body vows to fend off risks
BEIJING (Reuters) – China has established a new Financial Stability and Development Committee to improve supervision coordination, Xinhua news agency said, in the latest effort to ward off systemic risks in the world’s second-largest economy.…
China’s Tencent buys 12 percent stake in Snapchat owner
(Reuters) – China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third…
Foreign payment card firms not required JV setup in China: central bank
BEIJING/HONG KONG (Reuters) – China does not require foreign payment card companies to establish joint ventures with local partners to operate in the onshore market, the country’s central bank said Wednesday. Reuters reported on Tuesday…
Foreign payment card firms not required to establish JVs to enter local market: China central bank
BEIJING (Reuters) – Chinese regulations do not require foreign payment card firms to establish joint ventures to operate in the onshore market, the central bank said on Wednesday. American Express (NYSE:AXP – News) and Visa…
Trump to ask China to cut financial links with N.Korea- White House official
BEIJING, Nov 8 (Reuters) – U.S. President Donald Trump will ask China to cut its financial links with North Korea and to abide by U.N. sanctions when meeting with Chinese President Xi Jinping in Beijing,…
Trump expected to demand China cut financial ties with North Korea
President Trump is expected to urge China to cut its financial links to Pyongyang and expel North Korean workers from the countruy during his two-day stop. Trump arrived in Beijing on Wednesday after spending two…
China Oct exports, imports growth slow as economy cools
BEIJING (Reuters) – China’s exports and import growth eased in October in a sign the world’s second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing’s crackdown…
Trump to ask China to cut financial links with North Korea: White House official
BEIJING (Reuters) – U.S. President Donald Trump will ask China to cut its financial links with North Korea and to abide by U.N. sanctions when meeting with Chinese President Xi Jinping in Beijing, a senior…
The root cause of China’s financial fragility – according to its central bank chief
China’s central bank chief has lashed out at local governments, saying their constant calls for looser monetary policy in all economic weather are the root cause of the country’s financial fragility. Zhou Xiaochuan, who has…
China’s central bank boss warns of ‘sudden, contagious and hazardous’ financial risks
China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the…
‘Sudden, contagious and hazardous’ China bank warns Beijing on BRINK of economic collapse
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed. Writing in an article published on the People’s Bank of China’s website…
