The rules contain specific items designed to standardize the sector, including strengthened supervision, prevention of shadow-banking risks, better leverage control and protection of investor interest… ( read original story …)
Tagged By finance
China’s Yuan Extends Loss as PBOC Weakens Fix, Easing Bets Mount
(Bloomberg) — China’s yuan fell to a one-year low, as the central bank showed little sign of intervening to slow the currency’s descent and bets for monetary policy easing mounted. The yuan dropped 0 ……
China-UAE Conference on Islamic Banking to launch in November
DUBAI, 21st July, 2018 (WAM) — In line with the nationwide celebrations of ‘UAE-China Week’, Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledg… ( read original story …)
China steps up regulations of $3 trillion bank wealth management products
BEIJING (Reuters) – China’s banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Be… ( read original story …)
China’s yuan turns up, bounces off one-year lows as big state banks seen selling dollars
The People’s Bank of China lowered its yuan midpoint for the seventh straight trading day to 6.7671 per dollar on Friday, 605 pips or 0.9 percent weaker than the previous fix of 6.7066. The latest…
China’s money rates fall as c.bank boosts liquidity with eye on trade war
SHANGHAI, July 20 (Reuters) – China’s primary money rates fell this week as the central bank pumped cash into the banking system, and as it prepared to soften small firms’ financing burdens in an atte……
China to launch financial innovation schemes in Chongqing, Zhejiang
BEIJING (Reuters) – China financial regulators said on Friday it will launch pilots schemes on innovations around financial standards in the city of Chongqing and the province of Zhejiang. The schemes … ( read original…
China’s tumbling yuan slows as big banks seen selling dollars
SHANGHAI (Reuters) – China’s yuan plunged to a more than one year low against the dollar on Friday after the central bank fixed a weak midpoint, but traders said major state banks sold dollars during…
China’s central bank preparing further policy easing to counter credit squeeze
China’s central bank will use unconventional methods to support the ailing corporate bond market and guide financial relief to vulnerable areas of the economy, according to analysts. Market expectatio… ( read original story …)
China-UK Financial Cooperation Explored During CEIBS London Forum
LONDON, July 20, 2018 /PRNewswire/ — The opportunities for China and the UK to collaborate within the financial sector in today’s post-Brexit, fintech and big data focused environment was explored in … ( read original…
China Flirts With Easier Monetary Policy Amid Slowing Growth
China’s banks are being offered cash and given instructions to boost lending, adding to evidence of a shift toward greater official support for the economy. The banking and insurance regulator has ask… ( read original…
China Prods Banks to Support Economy as Policy Shift Emerges
China’s banks are being offered cash and given instructions to lend more, adding to evidence of a shift toward greater official support for the economy. The banking and insurance regulator has asked f… ( read…
China Regulator Prods Banks to Lend More as Growth Pace Eases
China’s banks are being offered cash and given instructions to lend more, as regulators attempt to support a slowing economy. The banking and insurance regulator has asked financial institutions to “e… ( read original story…
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