In this connection, China’s central bank on Jun 24 said it will release as much as 700 billion yuan ($107 billion) into the financial system by reducing the amount of deposits majority of the banks…
Tagged By finance
US vs China: who prevails in a trade war?
Responding, China released its own list of tariffs … Sponsored by Senator Reed Smoot of Utah, who was chairman of the Senate Finance Committee, and Representative Willis Hawley of Oregon, the chairman of the House…
Leaked report by government think-tank says China should be wary of financial panic
HONG KONG (Reuters) – A government think-tank report that appeared briefly online said that China should be wary of any financial panic stemming from uncertainties, such as bond defaults, tight liquidity and trade frictions with…
Hang Seng China index shows how far the needle has swung from greed to fear
The Hang Seng China Enterprises Index shows how far the needle on China has moved from greed to fear. Back in January, the gauge of Hong Kong-listed Chinese stocks was rising at the fastest pace…
China’s banks embrace Communist Party committees in risk crackdown
“Tighter party discipline doubtless will provide added teeth to the financial crackdown, increasing personal accountability of financial managers,” said James Stent, a former external supervisor at China Everbright Bank (601818.SS) and independent … ( read…
JPMorgan says to ramp up China investment banking headcount by 40-50 percent
HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said it plans to expand its China investment banking team headcount by 40 percent to 50 percent over the next two to three years, as it…
In Europe’s east, a border town strains under China’s Silk Road train boom
YIWU, China/MALASZEWICZE, Poland (Reuters) – When cargo trains from China began arriving at the Polish border town of Malaszewicze almost a decade ago, they were considered a novelty – able to ship laptops and cars…
A deepening sense of unease is rippling through China’s financial markets
A deepening sense of unease is rippling through China’s financial markets. The benchmark Shanghai stock index has tumbled 20 per cent in just five months to enter a bear market. The yuan is heading for…
China drops tariffs on animal feed from Asian countries as U.S. dispute escalates
BEIJING (Reuters) – China will remove import tariffs on animal feed ingredients including soybeans, soymeal and rapeseed from five Asian countries, the Ministry of Finance said on Tuesday, a sign Beijing is seeking alternative supplies…
Some question if China is ready for a trade war
He couldn’t be reached for comment. China’s Finance Ministry and Commerce Ministry didn’t respond to faxed questions about the sentiments expressed in the essays. In official statements, China has remained defiant since Trump’s decision earlier…
China’s Ant Financial is not looking to ‘buy’ technology, says executive
Ant Financial’s Doug Feagin says the impact on the company of a potential restriction on Chinese investment in U.S. technology companies is likely to be limited. Speaking with CNBC, Feagin said the company has built…
Beyond the South China Sea: Beijing may target these waterways next
The South China Sea and Indian Ocean have been the principal theaters for Beijing’s naval ambitions in Asia . The Pacific Ocean and Mekong River, each rife with strategic advantages, could soon be next. For…
Exclusive: Facing U.S. blowback, Beijing softens ‘Made in China 2025’ message
BEIJING (Reuters) – Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and…
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