Tag: banking

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 also grown deeper and ... ( read original story ...)

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 - is ... ( read original story ...)

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 Friday. Preliminary data from the ... ( read original story ...)

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. Russia has introduced a new ... ( read original story ...)

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 with ... ( read original story ...)

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 ... ( read original story ...)

"Local governments will continue to issue bonds to replace the existing debt to help reduce interest burdens, ease debt repayment pressure and guard against financial risks," it said. China's overall debt has jumped to more than 250 percent of GDP from 150 ... ( read original story ...)

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 partner with EY. The Canadian bank said in a statement issued ... ( read original story ...)

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 Friday. China introduced an annual residential ... ( read original story ...)

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 new property curbs to have an impact ... ( read original story ...)