Chinese banks extended ¥1.28-trillion ($186.40bn) in net new yuan loans in August, according to data released by the People’s Bank of China (PBOC) on Wednesday. Analysts had predicted an August tally … ( read original…
Tagged By finance
Bank of England Governor Warns of Mounting Financial Risks in Asia
Bank of England (BoE) chief Mark Carney has suggested British and international financial institutions prepare to address possible risks stemming from mainland China’s shadow banking, namely its so-ca… ( read original story …)
China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake
China’s sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people … ( read original story …)
China’s Central Bank-Backed Blockchain Trade Finance Platform Pilot Kicks Off in Shenzhen
A new trade and finance blockchain platform backed by the People’s Bank of China (PBoC) has started official pilot operations in Shenzhen. The “Guangdong, Hong Kong and Macao Dawan District … ( read original story…
China: Central Bank’s Digital Currency Lab Launches Research Center in Eastern Province
China’s central bank, the People’s Bank of China (PBoC), is extending the activities of its Digital Currency Research Lab beyond the country’s capital, local media outlet CNstock reports … ( read original story …)
China’s central bank-backed blockchain platform starts trial in Shenzhen
A trade and finance blockchain platform, backed by the People’s Bank of China (PBC), the country’s central bank, was officially put into trial operation in Shenzhen, South China’s Guangdong Province, … ( read original story…
Lithuania’s central bank launches interbank instant payments
according to the latest data from the Bank of Lithuania. Enditem Follow China.org.cn on Twitter and Facebook to join the conversation. ( read original story …)
China August new loans fall to 1.28 trillion yuan, below forecasts
China is ramping up infrastructure spending and pumping ample liquidity into the financial system to guide borrowing rates lower. The central bank also is trying to encourage banks to continue … ( read original story…
China Bank Lending Slowed in August as Bond Issuance Surges
China’s broadest measure of new credit expanded as companies issued more debt, though the expansion in new bank loans slowed, showing that banks are still cautious about extending credit and taking on … ( read…
Beijing is holding firm, but many Chinese firms acknowledge they’re worried about the trade war
Beijing has maintained a resolute stance in the face of U.S. tariff threats, but many Chinese companies are acknowledging that their businesses could be hit by the ongoing trade war. Industrial and Co… ( read…
Congo’s RAWBANK signs the China-Africa Inter Bank Association establishment agreement
About 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the Chi… ( read original story…
China’s NetEase to rectify ‘irregular practices’ at finance website
BEIJING (Reuters) – Chinese internet company NetEase said on Tuesday it would stop updating its finance website from today to rectify what it called “irregular practices” and conduct a … ( read original story …)
DRC’s Rawbank to Signs China-Africa Inter Bank Agreement in Order to Boost Business Relations between Both Regions
African banks, including Rawbank, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB), have signed an agreement for the establishment of the China … ( read original story…
