A higher midpoint rate by the central bank on Tuesday showed Beijing was trying to stabilise the exchange rate. On the mainland, turbulence in the capital and money markets is seen as a serious issue…
Tagged By finance
Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong … where he was co-head of China investment banking and Asia vice chairman. The last person to run…
China Central Bank Governor Says Stay ‘Calm and Rational’ After Market Free Fall
China’s central bank governor urged investors to “stay calm” Tuesday following a plunge in domestic stocks that sent the country’s benchmark index to a two-year low following the latest escalation of the ongoing trade war…
Hong Kong, China in Danger of Financial Crisis Within 3 Years: Nomura
Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators.…
China could be on the verge of stoking its financial fire even further
Recent Chinese economic data has undershot expectations, leading to speculation that China’s central bank may take steps to support activity levels. RBC Capital Markets thinks the bank is likely to cut a critical ratio for…
China to target US energy for retaliatory action
China is lining up retaliatory tariffs against the US to hit energy, which is one of its most successful export industries in recent years. Sales of US oil, gas and coal to China have been…
Financial Firms Chinlink and MCM’s Joint Venture Sets Sights on Xi’an
Chinlink is a financial services provider holding multiple licenses both in Hong Kong and China, providing financing guarantee, finance lease, supply chain finance and money lending services and etc. Chinlink has established a strong foothold…
Goldman Sachs hires Cai Wei as co-head of China investment banking
HONG KONG (Reuters) – Goldman Sachs (GS.N) has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman.…
White House piles pressure on China after Trump tariff threat
Even with tariffs on an additional $200 billion in Chinese goods, the impact on both China’s and the U.S. economy is set to be small, most economists say. The risk of contagion comes from financial…
Airbus seeks China deal after diplomatic gaffe – sources
China’s ICBC Financial Leasing has also expressed interest in placing an Airbus aircraft order, the sources said. The fate of a landmark Chinese order for 180 Airbus jets was left uncertain in January when French…
China regulator Safe revealed as controller of 5% stake in EDP
CNIC is a Hong Kong-registered business majority owned by Safe, the central regulator responsible for managing China’s foreign reserves. Corporate records reviewed by the Financial Times showed that Safe, along with state-controlled China Reform Holdings…
Trump threatens almost all imports from China as Beijing fires back
The growing U.S. trade conflict with China hit financial markets hard, and Beijing vowed a firm response. It accused the United States of “extreme pressure and blackmailing” and vowed to retaliate after Trump on Monday…
China central bank says bank reserve ratios should be cut, fuels easing talk
BEIJING (Reuters) – China should cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move as its…
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