Wandering into the gated apartment complex 200 kilometres southeast of Beijing, I knew almost nothing about the man I was looking for. I knew his name, Xu Chang’an. I knew he had signed as a…
Tagged By china
Another Chinese tech giant is launching an online bank
Best known for its smartphones, Xiaomi will own around 30% of the new bank. The Chinese regulator is encouraging the launch of new banks. In 2014, the China Banking Regulatory Commission (CBRC) started handing out…
Across China: More private banks in pipeline
BEIJING, Dec. 30 (Xinhua) — Historically, China’s banking sector has been dominated by a few colossal state entities, but the tone has changed and market-oriented private banks are springing up in response to needs that…
China’s central bank on levers to buoy the yuan
China enhanced its ability to stabilise its currency, as the rising US dollar threatens to undermine its economy, by accelerating the flow of capital out of the country. China’s central bank is adjusting the mix…
China economy improving, rate hike a possibility – People's Bank of China adviser
While inflation is showing signs of picking up in China along with economic activity, economists say there is no immediate pressure on the central bank to raise rates. BEIJING: Interest rates in China are already…
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…
China takes new step to downgrade the dollar's prominence
China took another step to degrade the US dollar in defining the value of its currency in an effort that cuts against its rival’s stubbornly strong hold on the global financial system. An arm of…
China announces ban on ivory trade by end of 2017
China has announced a ban on all ivory trade and processing … Conservation group WWF welcomed the latest news, calling it a “historic announcement… signalling an end to the world’s primary legal ivory market and…
Chrystia Freeland set for trade talks with China in 2017
She can be reached at catharine.tunney@cbc.ca Twitter: @cattunneycbc International Trade Minister Chrystia Freeland says she’s tentatively booked to have her first face-to-face discussion with China in February as Canada explores a free trade agreement ……
China economy improving, rate hike a possibility – central bank adviser
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…
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…
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…
Trump vows to name China a currency manipulator: What you need to know
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…