China's banking industry sees growing external assets

BEIJING - China's banking industry recorded more external financial assets by the end of September compared with the second quarter, according to official figures. China's banking industry, excluding the central bank, reported external financial assets of ... ( read original story ...)

China policymakers pledge stability for 'complex' year ahead

"At present, China's economic and financial operations are generally stable, but the complexity of the situation cannot be underestimated," the People's Bank of China (PBOC) said. Bank lending is on pace to top 2015's record 11.71 trillion yuan ($1.7 ... ( read original story ...)

China to relax curbs on foreign investment in financial sector

BEIJING China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world's second-largest economy. The moves could ease some frustration among foreign ... ( read original story ...)

IGM Financial investing $468-million for 10% stake in China AMC

The Mackenzie unit of IGM Financial Inc. has agreed to pay the equivalent of $468-million to buy a 10-per-cent interest in China Asset Management Co., Ltd. The Winnipeg-based firm says the China AMC deal will diversify its business outside of Canada, where ... ( read original story ...)

China to increase fiscal spending, cut taxes in 2017: ministry

BEIJING China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year's agenda. "Make fiscal policy more proactive and effective ... ( read original story ...)

What it means if Trump names China a currency manipulator

WASHINGTON (AP) — President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There's only one problem - it's not true anymore. China, the world's second-biggest economy behind the United States ... ( read original story ...)