The Chinese central bank is quietly considering a change that says a great deal about the progress and perils of China’s broader reform project. According to Caixin, Beijing may abolish the nine regio… ( read…
Tagged By finance
Don’t Pop the Corks for China’s Big Banks
At first glance, investors in China’s big banks should be breaking out the champagne. Tighter liquidity has boosted margins at three of the big four, with a crackdown on shadow banking forcing borrowe… ( read…
China’s Big Banks Benefit From Better Margins as Slowdown Looms
Read: China Banks Bad Loans Surge Most on Record Amid Deleveraging The crackdown saw the banking sector’s bad debt surge by a record in the second quarter, 80 percent of which came from small rural…
China’s Himin Solar chief confronts local government over debt
China’s Himin Solar was flying high a decade ago as the … how large Chinese groups can struggle to adapt to their fast-changing domestic market. As the financial strains tighten, Himin’s founder Hua… ( read…
China’s AgBank, BoC post higher profits as margins improve
BEIJING (Reuters) – Agricultural Bank of China Ltd (AgBank) and Bank of China Ltd (BoC), the country’s third- and fourth-largest lenders, reported higher profits for the first half of the year as marg… ( read…
Three tonnes of mouldy cash show why China is taking action against Huarong’s debt burden
On a spring morning on a Tuesday in mid-April, Lai Xiaomin was invited to attend a meeting by China’s newly merged banking and insurance regulator on Finance Street in the nation’s capital. As soon as…
China banking sector’s assets up 7.5%
A teller counts banknotes at an outlet of Harbin Bank. [Photo by Yu Kun/China News Service] BEIJING – Chinese banks held 254.3 trillion yuan ($37 trillion) in assets as of the end of July, according…
Yuan hits four-week high as China signals support, revives X-factor for fixing
SHANGHAI (Reuters) – China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the curr… ( read…
Offshore yuan touches 1-month high after central bank makes tweak to daily pricing
Offshore yuan, traded outside the mainland, weakened Monday, giving up early morning gains when the currency jumped to its highest level in almost a month following an adjustment by the central bank i… ( read…
China cabinet to curb risks in online finance, share-backed loans
BEIJING (Reuters) – China will continue to resolve financial risks in online lending and the use of shares as collateral for financing activities to protect market stability, the state council said on … ( read…
Yuan at two-and-a-half week high as China signals support, revives fix factor
SHANGHAI (Reuters) – The yuan hovered at a 2-1/2-week high against the U.S. dollar on Monday after China’s central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, … ( read…
China’s Yuan Steady After Central Bank Signals its Support
China’s yuan was stable in early onshore trading following Friday’s surge, as the central bank signaled that it’s taking action to support the currency through its daily fixing. Starting this month, b… ( read original…
Ant and UN body partner for African financial inclusion
A mascot of Ant Financial is seen at its office in Hangzhou, East China’s Zhejiang province, Sept 21, 2016. [Photo/Agencies] ADDIS ABABA – The United Nations Economic Commission for Africa has forged … ( read…
