When Frida Cai left Beijing to study abroad in 2013, China’s financial tech boom was just beginning. She used a debit card for her big expenses and carried cash for everyday spending. By the time…
Tagged By finance
China regulator asks banks to lower financing costs for small enterprises
BEIJING (Reuters) – China banking and insurance regulator has asked banks to actively lower the financing costs and improve funding services for small businesses and private firms, as part of wider ef… ( read original…
Chinese president meets World Bank president in Beijing
Chinese President Xi Jinping (R) meets with World Bank President Jim Yong Kim in Beijing, capital of China, July 16, 2018. (Xinhua/Li Xueren) BEIJING, July 16 (Xinhua) — President Xi Jinping on Monda… ( read…
Beijing Is Girding for a Longer Fight, Says Peking University’s Balding
Jul.15 — Christopher Balding, associate professor at Peking University HSBC Business School and Bloomberg Opinion columnist, discusses the impact of the U.S. trade tariffs on the Chinese economy. He … ( read original story …)
Asian shares fall on soft China data, trade war fears
Taken together, the data show an economy continuing to slow under the influence of a multi-year crackdown on excessive financial risk, even as trade war headwinds gather. But Jim McCafferty, head of e… ( read…
Beijing downplays Made in China policy
China has also recently eased market access for foreign pharmaceutical companies, in addition to plans to reduce or eliminate ownership limits in the financial services and … EU leaders will meet Mr … ( read…
China development banks expand links with foreign lenders
China’s development banks — the biggest lenders in the sector worldwide — are ramping up co-operation with overseas financial institutions after problems with their international investment projects. … ( read original story …)
Beijing pares back Made in China policy
China has also recently eased market access for foreign pharmaceutical companies, in addition to plans to reduce or eliminate ownership limits in the financial services and … EU leaders will meet Mr … ( read…
China fiscal policy has ‘ample room’ to support economy: central bank research head
BEIJING (Reuters) – China’s fiscal policy has “ample room” to support the economy, the central bank’s chief researcher said in an opinion column on Friday, adding that the policy has not been active e… (…
Beijing hopes for a backlash against Donald Trump’s trade policy
This in turn would diminish its ability to finance the Belt and Road Initiative, a huge project to amass global influence by building infrastructure in more than 80 countries. Beijing is also anxious … (…
China central bank says cannot refuse, discriminate against cash payments
BEIJING (Reuters) – Companies or individuals cannot refuse or discriminate against cash payments, China’s central bank said on Friday, but stressed the rules won’t apply to online payments and unmanne… ( read original story …)
China June new loans jump to 1.84 trillion yuan, above forecasts
China’s banks extended a record 13.53 trillion yuan in new loans last year. Broad M2 money supply grew 8.0 percent in June from a year earlier, central bank data showed on Friday, missing forecasts fo……
China central bank requires non-banking payment firms to report large transactions from 2019
BEIJING, July 13 (Reuters) – China’s central bank issued a notice on Friday asking non-banking payment firms to report large transactions from the beginning of next year, as it steps up its monitoring … (…
