China just removed a top official who’s played an important role in trying to reform the country’s debt-laden economy for the past three years. In a one-line statement, the government said Finance Minister Lou Jiwei…
Tagged By banking
China’s AgBank Fined $215 Million for Hiding Transactions
China’s third-largest lender tried to obscure the trail of dollar transactions by Russian, Chinese and Middle Eastern clients and attempted to silence a compliance officer who raised alarms about it, according to New York’s banking…
China Names New Finance Minister to Replace Veteran Lou Jiwei
China has replaced veteran reformer Lou Jiwei with a new finance minister who’ll be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world’s second-largest economy. Xiao Jie, previously a…
China launches $11 billion fund for Central, Eastern Europe
BEIJING (Reuters) – China has set up a 10 billion euro ($11.15 billion)investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China (Shanghai:601398.SS – News) (HKSE:1398.HK – News) said…
China launches 10 billion euro fund for Central, Eastern Europe
BEIJING (Reuters) – China has set up a 10 billion euro ($11.15 billion)investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday.…
In a Boost to Bitcoin, Study Shows Chinese Consumers Need More Financial Services
With the estimated $650bln being the most likely scenario and the growth in Chinese financial services likely to add as much as $950bln to Chinese consumption over the next decade, the growing influence of China…
John China Sells 1,200 Shares of SVB Financial Group (SIVB) Stock
SVB Financial Group (NASDAQ:SIVB) insider John China sold 1,200 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $124.40, for a total transaction…
Risk of China crisis grows as credit boom faces correction
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 and shadowy institutions have…
China takes lead in green finance
China should build a solid foundation in the domestic financial market to support green finance, a senior official with the United Nations Environment Program told China Daily. Green finance – financing environmentally sustainable growth -…
China preliminary third-quarter current account surplus at $71.2 billion: forex regulator
BEIJINGChina posted a preliminary current account surplus of $71.2 billion in the third quarter of 2016 and a deficit of $71.2 billion on its capital and financial account, the country’s foreign exchange regulator said on…
Russia eyes unified payment systems with China: PM
MOSCOW (Reuters) – Russia wants a mutually-compatible payments system with China in order to reduce the risk from further financial sanctions by the West, Prime Minister Dmitry Medvedev said in an interview published on Friday.…
AIFC delegation visits China
BEIJING-SHANGHAI. KAZINFORM From 3 to 5 November 2016, a delegation of the Astana International Financial Centre visits the People’s Republic of China to meet with the Chinese financial institutions, Kazinform correspondent reports. The delegation met…
China Foreign Exchange Trade System joins R3
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to ……
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