The central financial work conference held in Beijing in October called for accelerating the building of the nation with a strong financial sector, elevating the importance of financial work in …
Tagged By banking
Linklogis Hosts Industry-Finance Treasury Forum in Beijing
The development of treasury systems is increasingly seen as a key method for state-owned enterprises to deepen reforms and strive towards becoming world-class enterprises. The Industry-Finance …
Ransomware attack on Chinese bank highlights fragility of the $33.7 trillion Treasury market
A ransomware attack hit China’s biggest bank, the Industrial and Commercial Bank of China (ICBC) on Thursday, preventing it from settling some trades in U.S. Treasuries. News of the attack riled some …
China sovereign bond yields may fall to record lows next year on looser policies and easing of foreign outflows: analysts
Expectations are growing the People’s Bank of China will cut benchmark rates to fuel credit demand next year Foreign investor selling, a headwind that has weighed on China’s government bonds, could …
China asks some lenders to cap interbank financing costs – sources
China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields …
China Expected to Keep Key Lending Rates Unchanged Next Week
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, after the central bank kept medium-term interbank rates steady and …
China’s proposed rules applying to audit papers raise questions over role of Hong Kong, big-four accounting firms
Tighter-than-expected rules about location of data cast doubt on Hong Kong serving as neutral ground for inspection of Chinese firms’ audit materials ‘Investors in China should accept that certain …
China’s 2023 GDP forecasts twisted and turned as prognosticators puzzled over country’s future
Institutions publishing predictions of China’s economic growth had to alter their estimates … in bonds for this year to finance major construction projects. Earlier in the year, the Economist …
For Biden, a Subtle Shift in the Power Balance With China’s Xi Jinping
When President Biden met President Xi Jinping on Wednesday on the edges of Silicon Valley, there was a subtle but noticeable shift in the power dynamic between two countries that have spent most of …
Ethiopia’s new debt-service suspension to mirror China deal – finance ministry
An agreement being finalised with Ethiopia’s official bilateral creditors is expected to largely mirror a previous deal with China that suspended debt payments for the fiscal year ending next July, a …
GT Voice: Geopolitical factors can’t derail China’s financial development
From Washington’s ban on US investment in certain sensitive technologies in China, to a US government directive that halted a federal pension fund’s plan to invest in Chinese stocks, media reports …
China financial regulator steps up risk management of trust companies
China’s National Financial Regulatory Administration on Thursday issued interim measures for the supervisory rating of trust companies to step up risk management of the firms, according to a statement …
China’s fiscal revenue grows 8.1% in Jan-Oct
BEIJING, Nov 15 (Reuters) – China’s fiscal revenue grew 8.1% in the first 10 months of 2023 from a year earlier, slowing from the 8.9% growth in the January-September period, finance ministry data …
