Tag: banking

China reportedly is muscling out America to grab a bigger share of the global financial spotlight. “As the U.S. steps back, China is taking a greater role on the global financial stage, despite slowing its timetable for dismantling capital controls ... ( read original story ...)

China won't unblock Google's services for its citizens if US president Donald Trump keeps slamming the country, according to a Financial Times report. Chinese politician Liu Binjie said if Trump kept criticising the country's trade practices, this would ... ( read original story ...)

BEIJING (Reuters) - China's foreign exchange reserves rose slightly in March, though by a bit less than the market expected, as capital control measures and a pause in the dollar's rally helped contain outflows. Reserves increased $3.96 billion during ... ( read original story ...)

"They do not, however, want the Trump administration to disrupt what has become a stable atmosphere for American business in China." Trump's blistering rhetoric condemning China's trade practices generated cheers of support on the campaign trail. ( read original story ...)

When Chinese President Xi Jinping meets with U.S. President Donald Trump in Florida, the message he will likely bring is: don't blame China for your problems. China's Foreign Ministry has been telegraphing what Xi and his delegation plan to emphasize ... ( read original story ...)

BlackRock Chairman and CEO Larry Fink told CNBC on Thursday that China's relationship with North Korea is the worst it has ever been. Fink, speaking ahead of President Donald Trump 's meeting with Chinese President Xi Jinping in Florida, said China is ... ( read original story ...)

For the first time in six years, China's four largest banks saw their collective headcount drop in 2016. Lenders also cut costs. Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd ... ( read original story ...)

Agricultural Bank of China Ltd. reported disposing of 73 billion yuan in loans this way. That's an extremely troubling trend, as banks appear to be obscuring rather than resolving their debt problems. And even so, total non-performing loans dropped by only ... ( read original story ...)

Staffing at big four banks falls for first time since 2011 Total headcount at China’s four largest banks fell in 2016 for the first time in six years, as the lenders cut costs and tried to adapt their massive branch networks in the face of competition ... ( read original story ...)

BEIJING (Reuters) - China's Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes. The finance affiliate of ... ( read original story ...)