BEIJING (Reuters) – China’s central bank said on Wednesday it has achieved initial results in financial deleveraging but will continue to fend off systemic risks as debt levels in the economy remain relatively high. “The…
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China central bank skips open market operations, liquidity ample
BEIJING – China’s central bank suspended open market operations for the 16th working day Wednesday as liquidity remained ample. The liquidity in the banking system was at a “relatively high” level, said the People’s Bank…
China’s central bank says will continue to fend off financial risks
BEIJING (Reuters) – China’s central bank said on Wednesday it will continue to fend off systemic financial risks even though it has achieved initial results in financial deleveraging. Debt levels in the economy remain relatively…
Chinese New Year: Will China remain top dog of the stock markets in the coming 12 months?
He said that despite recent stock market volatility China should benefit from continuing strong growth in the world economy, as President Xi Jinping presses ahead on economic reforms: “Global economic and financial conditions will ensure…
China’s Baidu Confirms U.S. IPO for Its iQIYI Streaming Platform
Chinese Internet giant Baidu has confirmed plans to float its streaming-video subsidiary, iQIYI, in the U.S. But the company has not specified which exchange it will choose to list the popular platform, which claims half…
A Dog’s Life: In Beijing’s Forbidden City, No Holiday for Canine Patrol
BEIJING — As China ushers in the Lunar Year of the Dog, hundreds of millions of Chinese are traveling to their hometowns to spend the week-long national holiday with their families. But for the 23-dog…
Mi mi mi: super fans of China’s Xiaomi stoke IPO ambitions
BEIJING/SHANGHAI (Reuters) – Wang Bin, 29, is a serious “mi fan”, one of the ardent followers of Xiaomi Technology Co Ltd, the maker of smartphones and other electronic products that looks headed for a big…
Russia says may invest in Saudi Aramco IPO via fund with China
Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund. Several banks and other groups in Russia…
Baidu Confirms U.S. IPO for iQIYI Chinese Video Streaming Platform
The company said that it has filed a draft prospectus with the Securities and Exchange Commission IPO and listing of iQIYI shares … users is comparable with other companies. Major rivals in China include Tencent…
China’s non-financial ODI maintains double-digit growth
[Photo/Agencies] BEIJING – China’s non-financial outbound direct investment (ODI) maintained a double-digit growth in January, the third consecutive monthly increase, official data showed Tuesday. Chinese investors made 69.5 billion yuan ($11 billion … ( read…
Beijing sees more community-based bank branch closures
such as transactions of financial products and payment for water and electricity.However, all the services are accessible online. A resident of Beijing’s Xicheng District surnamed Wang, said that about half of the bank branches in…
China’s experience in inclusive finance helpful to other countries: report
BEIJING – China’s experience in groping for a sustainable development pattern of inclusive finance is helpful to global financial regulators, a report said Sunday. The report, jointly released by the People’s Bank of China and…
China to strengthen regulation over Internet finance businesses
BEIJING – China will continue to strengthen regulation over the country’s mushrooming Internet finance businesses in 2018 to facilitate long-term development of the industry, the National Internet Finance Association (NIFA) has said. Instead of conducting…
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