Herald Economy=Won Ho-yeon Reporter] Following the sudden death of former Chinese Premier Li Keqiang, mainland China is in a state of mourning and President Xi Jinping is tightening his grip.
Tagged By banking
1st LD-Writethru-Xinhua Headlines: Key meeting sets tone on China’s financial development
BEIJING, Oct. 31 (Xinhua) — A central financial work conference was held in Beijing from Monday to Tuesday, at which Xi Jinping, general secretary of the Communist Party of China (CPC) Central …
Xi chairs rare meeting to ‘resolve risks’ in China’s finance sector
The conference offers insight into the policymaking direction currently being pursued by Communist Party leadership …
China Eases Rules for Insurers in Bid to Boost Flows Into Stocks
China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market.
Key China gathering sees bigger role for Communist Party in finance
China will step up the Communist Party’s leadership of its $61 trillion finance industry and strengthen efforts to reduce local debt risks, state media reported, citing a key twice-a-decade financial …
China Vows System to Resolve Local Government Debt Risks
China said it will set up a system to resolve debt risks of its local governments, as state leaders and top bankers wrapped up a two-day, closed-door meeting to set the priorities for the $61…
China to step up financial supervision to cut risks
China will step up financial supervision to prevent and resolve financial risks, state media reported, citing a key twice-a-decade financial policy meeting that ended on Tuesday.
China Development Bank disbursed 7 bln yuan to Egypt’s central bank
The China Development Bank on Monday disbursed a 7 billion yuan ($956.61 million) loan agreement with Egypt’s central bank, according to a statement released by the Beijing-based bank on Tuesday.
China Development Bank disbursed $956.61mln to Egypt’s central bank
The agreement was signed during the third Belt and Road Forum held in Beijing earlier this month, the statement said …
China Eases Insurers’ Evaluation Criteria in Bid to Boost Stocks
China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market.
FirstFT: Li Keqiang mourning creates sensitive moment for Beijing
Also in today’s newsletter, Israeli forces push deeper into Gaza and China delays $69bn Broadcom-VMware merger …
China holds finance forum as economy wobbles
China’s leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began …
China’s Real-Estate Crisis Has Peaked, Says HSBC CEO
(Andres Kudacki/Associated Press) The worst of China’s real-estate crisis is over, the chief executive of global banking giant HSBC said Monday. CEO Noel Quinn told reporters, after the bank reported …
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