The global communications director of the China-led Asian Infrastructure Investment Bank (AIIB) said on Wednesday he had resigned and criticised the bank as “dominated by the Communist Party”, …
Tagged By banking
China’s Credit Growth Slows in May; More Interest Rate Cuts Are Likely, Economists Say
China’s credit expanded at a slower clip in May than a year ago as new yuan-denominated loans tumbled and broad money supply growth slowed, prompting the country’s central bank to slash interest rates …
Bank of China assists AIIB’s panda bond issuance
The funds raised from the bond issuance will be used to support sustainable infrastructure development. This is the second time that the BOC has assisted the AIIB in issuing such bonds in China this …
The 31st PT EXPO China Forum Ends in Beijing
On June 6, 2023, the 31st China International Information and Communication Exhibition, also known as PT EXPO CHINA, organized by the Ministry of Industry and Information Technology and hosted by …
China May new bank loans rise to 1.36 trln yuan, but miss forecasts
China’s new bank lending rose to 1.36 trillion yuan ($190.18 billion) in May, central bank data showed on Tuesday, up from April but missed analysts’ expectations. Economists polled by Reuters had …
China central bank seen cutting medium-term policy rate: Reuters poll
China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters …
China to ‘further open up’ finance sector
China is reportedly set to ‘open up’ its financial sector further. Li Yunze, the newly appointed director of China’s National Administration of Financial Regulation (NFRA), has …
Digital inclusive finance: Promoting household risk mitigation in China
Digital inclusive finance has emerged as a significant innovation in recent years in China. Access to finance has the potential to offer numerous advantages for households and individuals, including …
Treasury Secretary Janet Yellen says IMF, World Bank help counter China
Treasury Secretary Janet Yellen told Congress on Tuesday that institutions like the IMF and World Bank were important for serving as counterweights to China.
Greenwich Economic Forum brings next investment conference to Hong Kong as financial leaders look to reopening of China
The Greenwich Economic Forum (GEF) will host its first event outside the U.S., with a conference on Thursday and Friday in Hong Kong. In one of the world’s top financial centers, GEF officials are …
Middle East Is Latest Area Where Beijing Tests Washington’s Long Dominance
President Abbas is visiting the Chinese capital in what is described as a Palestinian attempt to revive a moribund, American-led peace process.
IMF, World Bank are key counterweights to China: Yellen
US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank “reflect American values” and serve as key counterweights to “unsustainable …
China considers stimulus proposals to boost economy: Chart of the Day
Yahoo Finance Live anchor Rachelle Akuffo examines the impact stimulus proposals could have on China’s economy, as illustrated in today’s Chart of the Day.
