(Bloomberg) — China’s yuan touched the weakest level since May 2008, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate. The currency declined as…
Tagged By finance
UPDATE 1-China making fresh bid to boost loans to small firms as economy slows
BEIJING, Oct 30 (Reuters) – China’s banking and insurance watchdog said on Tuesday that it will soon release new rules to boost financing to small companies, and urge banks to step up support for firm……
China boosting loans to small firms as economy slows
China’s banking and insurance watchdog said on Tuesday that it will soon release new rules to boost financing to the private sector including small companies, and urged banks to keep lending to busine… ( read…
China’s financial markets are bouncing around like a cat on a hot tin roof
Chinese financial markets are having another wild session on Tuesday. Both stocks and the Chinese yuan are off their earlier lows. The recovery was unusually abrupt. China’s “National Team” may be con… ( read original…
China’s finance ministry calls out Xiaomi over accounting errors
BEIJING (Reuters) – Chinese authorities on Tuesday said smartphone maker Xioami Corp made errors in its accounting, sending the company’s Hong Kong-listed shares down amid a wider sell-off of … ( read original story …)
Beijing will play the long game on the renminbi
A suite of reforms has encouraged investment in the domestic financial sector, especially fund management. Success in attracting actively managed capital has so far been patchy but Beijing has made si… ( read original story…
Early indicators show China’s economic slowdown worsened again in October
China’s economic growth continued to slow in October … including steps to boost liquidity in the financial system, new tax deductions for households and targeted measures aimed at helping exporters. … ( read original story…
Beijing planing to set up new banking system for financial, banking coop. with Tehran
Establishment of this alternative banking system is underway, so that banking experts of the two countries have thus far held several meetings in this regard. Given the above issue, China’s Bank of Ku… ( read…
Iran-China to create new banking mechanism
Beijing, Oct 29, IRNA – Regarding the possibility of severing ties between Iranian businessmen and Bank of Kunlun, Beijing plans to set up a new banking mechanism to continue its financial and banking … (…
Global banks curb China travel after UBS private banker stopped from leaving
HONG KONG (Reuters) – Several global banks including Citigroup (C.N) and Standard Chartered (STAN.L) have asked their private banking staff to postpone or reconsider travel to China after … ( read original story …)
China 2025 Plan Remains a Stumbling Block as Trump Meeting Looms
(Bloomberg) — China’s state-sponsored push to dominate technologies of the future looms as one of the biggest stumbling blocks to prospects for resolution to the U.S. trade war. Officials from both s… ( read original…
China Regulator Urges Beijing Banks Not to Force Liquidation of Pledged Shares: Yicai
SHANGHAI (Reuters) – China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilize the country’s stock … ( read original story…
China regulator urges Beijing banks not to force liquidation of pledged shares
(Bloomberg pic) SHANGHAI: China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilise the country’s stock m… ( read original story…