A bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua] The Society for Worldwide Interbank Financial … ( read original story …)
Tagged By finance
China holds appeal hearing for Canadian sentenced to death
That came after Canada arrested Meng Wanzhou, chief financial officer of Chinese telecom giant Huawei, on a U.S. extradition warrant in December. Days later, two Canadians — Michael Kovrig and Michael … ( read original…
UPDATE 2-China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
But expectations that it may be moving to a more cautious approach shifted wildly this week after a sudden blowup in U.S.-China ties. Chinese banks extended 1.02 trillion yuan ($150.16 billion) in net … (…
China bank lending slows more than expected in April, raising concerns about economic outlook
China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of … ( read original story…
China banks temper April lending as debt worries rise, but all eyes on trade threat
Expectations that it is moving to a more cautious approach have shifted wildly this week after a sudden blowup in the U.S.-China relations. Chinese banks extended 1.02 trillion yuan ($150.16 billion) … ( read original…
China vows retaliation if Trump raises tariffs
“China deeply regrets that if the U.S. tariff measures are … If talks break down and tariff hikes go ahead, “risks of a financial market collapse, extreme risk aversion and sharp slowdown in global ……
China says it will retaliate if Trump boosts tariffs
BEIJING — China said Thursday it will retaliate if U.S. President … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
China says it will retaliate if Trump raises tariffs
BEIJING — China said Thursday it will retaliate if President Donald … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
China warns of ‘countermeasures’ against U.S. products if Trump increases tariffs
BEIJING — China warned Wednesday of retaliation if President Trump … This sudden shift sent Asian financial markets tumbling. Wall Street also has taken a hit. But U.S. investors Wednesday were more … ( read…
China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
While China’s April lending levels have tended … with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns. ( read original story …)
China’s gargantuan money market fund is a sign of strength—and deep imbalances
When Ant Financial added a money market fund to its payment app, few people expected it to become the biggest in the world a couple of years later. Its runaway success is a sign of…
Ant Financial rolls out ‘mutual aid’ plan for seniors on Xiang Hu Bao platform
Ant Financial has launched a new cancer-focused health plan on mutual aid platform Xiang Hu Bao to serve the growing number of senior citizens in China. According to the company, the product hopes to ……
US Commission to vote on proposal to ban China Mobile from entering American market
“Senator, hopefully, the FCC will vote on Thursday to agree with my proposal to ban China Mobile from entering the US market,” Ajit Pai, the Chairman Federal Communication Commission (FCC), told … ( read original…
