Canadian banks have historically not been as big in the China sphere – panda bonds give you an onshore hedge, so it is really whether you need the RMB,” said Keith Pogson, a Hong Kong-based…
Tagged By banking
China actively pushing forward property tax reform – finance minister
BEIJING (Reuters) – China is actively pushing forward reforms on property taxes as it overhauls its fiscal system, Finance Minister Lou Jiwei said in written comments at a forum on fiscal policy in Beijing on…
China October data seen offering more signs of stability, room for reforms
Vice finance minister Zhu Guangyao said this week that China’s debt is under control, but warned that challenges remain, while the IMF said in August that the country’s debt load is unsustainable. Analysts are expecting…
China's Central Bank Has New Tools to Cool Frothy Money Markets
While you wait for the next interest-rate increase in the world’s largest economy, policy has quietly tightened in the second-biggest: China. The People’s Bank of China has allowed a steady increase in money market rates…
China Construction Bank gets Malaysian banking licence
PETALING JAYA: China Construction Bank Corp (CCB), ranked as the world’s second-largest bank, has been granted a Malaysian commercial bank licence by the Minister of Finance. Bank Negara said the banking giant’s unit, China Construction…
Why China's Latest 'Financial Innovation' Might Not Work
Behold, the latest in Chinese financial innovation. That’s a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or…
Alibaba's Ant Financial Taps SE Asia's Multibillion-Dollar Mobile Payments Market
It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake…
China debt risks stoke internal debate over lowering 2017 growth goal
even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China’s debt has soared to 250 percent…
China hopes Germany's probes into Chinese acquisitions 'an exception'
BEIJING (Reuters) – China hopes Germany’s recent security investigations into proposed acquisitions by Chinese companies are “an exception”, a spokesman for the Ministry of Commerce said on Wednesday. Shen Danyang also said China hopes Germany…
China's non-financial debt over $22.7 trillion: Official
BEIJING: China’s non-financial debt is estimated to be more than $22.7 trillion, accounting for 227.92 per cent of its GDP, a senior Chinese finance ministry official said today amid concerns it may spiral out control.…
China Is Now The World's Leading Energy Financier — What Does That Mean For Climate Change?
The International Money Fund and the World Bank have long functioned as pillars of the global economic and financial order. But when it comes to financing the energy needs of the world, there’s a new…
China central bank injects $112.8 billion in October via policy tools
BEIJING China’s central bank injected a total of 763.71 billion yuan ($112.8 billion) via short- and medium-term liquidity tools in October, its data showed on Tuesday, as it seeks to support credit expansion and the…
Breakdown: Gauging the risks of a China crisis
BEIJING (Reuters Breakingviews) – Can China avoid a financial crisis? That’s the question facing regulators and investors after a rapid rise in leverage in the world’s second-largest economy. The links between the official banking system…
