Tag: banking

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 ...)

BEIJING Interest rates in China are already on an upward trend as the economy improves, People's Bank of China (PBOC) adviser Sheng Songcheng told Reuters in an interview. "The economy is improving...so interest rates and prices will move in a positive ... ( read original story ...)

"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 ...)

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 ...)

BEIJING (Reuters) - Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People's Bank of China published on Thursday. The entrepreneurs' confidence index rose to 54.2 ... ( read original story ...)

BEIJING (Reuters) - China has cut oil product export quotas to the nation's four oil majors by 40 percent in the first round of licences for 2017, according to two sources who have seen the documents, even as traders expect allowances for overseas sales to ... ( read original story ...)

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 ...)

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 ...)

WINNIPEG - The Mackenzie unit of IGM Financial Inc. (TSX:IGM) 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 ... ( read original story ...)

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 ...)