“It’s a line in the sand for the leadership” of China, said Hao Hong, the research director for the international operations of the Bank of Communications, a Shanghai-based financial institution. Chin… ( read original story…
Tagged By finance
China central bank says will keep liquidity reasonably ample
BEIJING (Reuters) – China’s central bank said on Tuesday that it will keep liquidity reasonably ample but will not resort to strong policy stimulus. Policies will also be made more forward looking, fl… ( read…
For Ant Financial, IPO Was Here, Expected And Then Gone
News came at the beginning of this week that the hotly anticipated listing of Ant Financial, an affiliate of China’s Alibaba focused on electronic payments, is off the shelf — as in being pulled or…
China central bank to Trump: you’re just wrong about currency manipulation
China is not manipulating its currency and will not use it as a trade weapon against the US, a senior Chinese central bank official said on Tuesday, directly refuting Donald Trump’s allegation on Mond… (…
First-of-its-kind financial court gets down to work in Shanghai
The Shanghai Financial Court, which specializes in finance-related lawsuits and is the first of its kind in China, began operating on Monday. The new institution is meant to provide a better business … ( read…
China central bank official rebuts Trump’s claim it is manipulating the yuan
A senior official of the People’s Bank of China told a briefing on Tuesday that the yuan’s exchange rate is set by the market, rebutting President Donald Trump’s claim a day earlier that the country…
Ant Financial delays its IPO again, claims report
A mascot of Ant Financial is seen at its office in Hangzhou, East China’s Zhejiang province, Sept 21, 2016. [Photo/Agencies] Alibaba Group’s financial affiliate Ant Financial decided to delay its list… ( read original story…
China launches first financial court in Shanghai
SHANGHAI — China’s first court specializing in handling finance-related cases opened Monday in the country’s financial hub of Shanghai. The Shanghai Financial Court will be responsible for commercial … ( read original story …)
Chinese shadow banking contraction set to moderate – Moody’s
The contraction of shadow banking activity in China is expected to moderate in the second half of the year, in a further sign of policy easing as Beijing seeks to boost economic growth. Shadow banking…
Moody’s: Shadow banking contraction to moderate
China’s shadow banking sector strengthened efforts to curb its expansion with government support. [Photo/IC] China’s shadow banking sector continued to contract in the first half due to the government … ( read original story …)
China banks set for modest profit growth amid bad loan fears
Indications on future trends are expected to emerge over the coming weeks as the country’s top banks – Industrial and Commercial Bank of China, China Construction Bank Corp, Agricultural Bank of China … ( read…
Behind the words at China’s central bank and Finance Ministry
BEIJING — The People’s Bank of China, the country’s central bank, and the Ministry of Finance are trading blame over an economic slowdown brought on by efforts to cut China’s debt. The rare public sp……
China banks set for modest profit growth as bad loan outlook under cloud
By the end of the June quarter, the non-performing loan ratio for the banking sector reached 1.86 percent, data from the China Insurance and Banking Regulatory Commission shows. This was the highest s… ( read…
