Every public appearance by Zhou Xiaochuan could potentially be his last as China’s central bank governor. After a remarkable 15 years at the helm of the People’s Bank of China — the longest of any…
Tagged By banking
Quick Take: China Warns Against Banks’ Improper Tactics to Amass Deposits
(Beijing) — Deposit-hungry Chinese lenders should refrain from using improper tactics to solicit deposits from government offices and state-owned enterprises, the country’s banking regulator warned Monday. The China Banking Regulatory Commission (CBRC … ( read…
StanChart-backed China Bohai Bank seeks market listing
DALIAN, China China Bohai Bank Co [BOHAI.UL], one of the country’s 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in…
China banking assets up 12.5 pct y/y at end-May
BEIJING, June 27 (Reuters) – The value of assets held by China’s banking sector rose 12.5 percent to 232.89 trillion yuan ($34.18 trillion) as of end-May compared with a year earlier, the China Banking Regulatory…
China launches five ‘green finance’ pilot zones
SHANGHAI China has launched five pilot zones to promote “green finance” and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to…
Premier Li: China can control financial risks as debt rises
BEIJING — China’s top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting…
China industrial profits quicken in May, seen fading as finance costs rise
BEIJING Profits at China’s industrial companies surged 16.7 percent in May from a year earlier, accelerating from April and defying expectations of a slowdown in the face of rising borrowing costs and a cooling property…
China gives Ghana $2bn to finance one-district, one-factory – Veep
China has committed to support Ghana’s one-district, one factory (ODOF) policy with $2 billion. The China National Building Material Equipment Import and Export Corporation has signed a memorandum of understanding with the Association of Ghana…
Coal on the rise in China, US, India after major 2016 drop
China and the U.S. accounted for almost all the decline … everyone else is irrelevant in the scheme of things,” said Tim Buckley, energy finance director for the Institute for Energy Economics and Financial Analysis.…
China sentences 3 Australian Crown Resorts staff to prison
Casino gambling, the marketing of casinos and organizing overseas gambling trips involving 10 or more people are illegal in China. “The three Australians and the other defendants pleaded guilty,” the Australian Consul General in Shanghai,…
Financial app downloads up sharply in China
TOKYO — China is seeing a sharp rise in downloads of financial applications, reflecting widespread use of mobile payment systems for taxi fares, utility charges and other payments. Financial app downloads in 2016 totaled nearly…
China’s Xi to visit Hong Kong for 20th anniversary of handover
BEIJING/HONG KONG Chinese President Xi Jinping will visit Hong Kong from June 29 to July 1 to mark the 20th anniversary of the handover of the Asian financial hub from British … Hong Kong was…
Four contenders in fight to lead China’s central bank
Speaking this week at a financial forum in Shanghai, Mr Zhou called for a greater role for foreign competition in China’s financial sector and warned that “protectionism leads to laziness” – a message consistent with…
