President Xi Jinping is set to further tighten his control of China’s $61 trillion financial industry as he gathers state leaders and top bankers to set the direction over the next five years.
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China economy ‘contagion’ warning with borrowers on ‘life support’ after bank’s £576m loss
The UK-based bank had made a “thumping loss on a flagship investment”, said British tax consultant Bob Lyddon.
Bank of China Profit Rises 3.3% With Margins Narrowing
(Bloomberg) — Bank of China Ltd. reported a 3.3% increase in its third-quarter profits, as margins narrowed. Net profit rose to 54.8 billion yuan ($7.5 billion) from 53.02 billion yuan a year earlier …
More China companies buyback shares as Beijing seeks to stabilise market
More than 30 Chinese listed companies unveiled share buyback and purchase plans over the weekend while major mutual fund house E Fund Management Co said it would invest in its own product as Beijing …
Xi Jinping Tightens Control Over China’s Financial Industry
President Xi Jinping is set to further tighten his control of China’s $61 trillion financial industry as he gathers state leaders and top bankers t …
Why Beijing Xiangshan Forum is where the Global South can find security solutions
Arrival of delegations from sworn enemies Armenia and Azerbaijan at Beijing Xiangshan Forum shows the Global South is looking at China for regional security solutions, defence expert says.
China’s key financial conference to focus on resolving debt, strengthening supervision amid property crisis
China’s National financial work conference is expected to start on Monday, with debt risks and strengthening the supervision of the Communist Party set to be top of the agenda.
Plunging foreign direct investment piles pressure on China’s economy
Financial Times analysis shows FDI tumbled 34% in September after recording double-digit falls every month since May
China policy bank steps up support for information infrastructure
BEIJING, Oct. 29 (Xinhua) — China Development Bank, one of the country’s policy banks, extended over 13.1 billion yuan (about 1.82 billion U.S. dollars) of loans to the information infrastructure and …
China’s cross-border RMB use up 24 pct in January-September
BEIJING — Cross-border renminbi (RMB) payments and receipts expanded 24 percent year on year to 38.9 trillion yuan ($5.42 trillion) in the first nine months, playing an improved role in serving the …
China Names Lan Foan as Finance Minister
Lan, 61, succeeds Liu Kun as finance minister, China Central Television reported yesterday, citing a decision made by the Standing Committee of the 14th NPC made on the same day.
IFC says China could lead US$3.5 trillion global efforts to make construction industry chains greener
China, which has the world’s largest buildings construction industry chains, has the potential to lead the world in decarbonising the sector over the next decade, according to new research by the …
RMB clearing bank to further facilitate China-Laos trade, investment
A renminbi RMB clearing bank has opened in Laos making it easier for businesses and financial institutions in China and Laos to carry out cross-bor …
