Hong Kong's former finance chief confirms run for top job

HONG KONG Hong Kong's respected former financial secretary John Tsang on Thursday confirmed ... The city's next leader will be chosen by a 1,200-member election committee stacked with Beijing loyalists on March 26. The former British colony returned ... ( read original story ...)

Banking sector can handle NPLs

The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said. "My confidence comes from the fact that the banking system has been making profits," Lai told the 10th Asian ... ( read original story ...)

China’s US Treasury debt holdings fall for 6th straight month

“Perhaps this does suggest that there is further pressure on the Chinese central bank to sell Treasuries to raise cash in order to meet those capital outflows,” he added. China’s yuan currency had weakened around 4 per cent against the dollar in ... ( read original story ...)

Chinese-funded Silkroad Int'l Bank opens in Djibouti

Dawaleh said the opening of the bank was the latest example of China's long-term support for infrastructure development in Djibouti. The Chinese government is developing the best relations with Djibouti based on the principles of mutual respect ... ( read original story ...)