1 In comparison with those of Western economies, China’s countermeasures against the crisis in 2008 were significantly more drastic. While in the US the balance sheet total of the banking system increased by USD 4,000bn…
Tagged By finance
Currency swap: CBN orders Banks to open Renminbi accounts in China
Currency swap: CBN orders Banks to open Renminbi accounts in China – The Central Bank of Nigeria (CBN) yesterday released the operational guidelines for the $2.5 billion currency swap agreement between Nigeria and China. The…
China Factory Inflation Picks Up on Rising Commodity Prices
Has The ‘Bad Bank’ Idea Made A Comeback? Homebuyers As Financial Creditors: An Inelegant Solution? Morgan Stanley’s Jonathan Garner On The Bull Case For India Ridham Desai On What’s Making The Market Suspicious About Growth…
Naira To Strengthen on Back of China Currency Swap
in three years under the U.S.$2.5 billion bilateral currency swap with the Peoples Bank of China. The deal is expected to reduce the demand for U.S. dollars by Nigerians importing goods from China, and consequently…
Status to not change for China’s banks with overseas investments
China’s banking and insurance regulator clarified that the institutional status of Chinese banking institutions will remain unchanged after they receive investments from overseas financial institutions. It means that the regulations for such banking … (…
China to scrap limits on foreign holdings in banks, asset management companies
The caps on foreign holdings in such financial institutions will be removed, according to a statement from the China Banking and Insurance Regulatory Commission Friday. The restrictions were 20 percent for a single overseas institution…
Central bank to commence auctioning Chinese yuan
The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China. The CBN gave the guidelines in a document signed by its Director, Financial Markets Department,…
China CITIC Bank, Ant Financial ink strategic deal
China CITIC Bank Co Ltd and Ant Financial signed a strategic partnership agreement on Thursday to share resources and promote innovation in financial products and services. Leveraging on their advantages in green finance, inclusive finance,…
Shanghai Sperm Bank Rejects Overweight, Hair Loss Donors
The human sperm bank will also be the first in China to use genomic screening techniques. Genomic screening can prevent diseases from being passed on to the next generation, said Xu Congjian, director of a…
China policy bank reports over $100b loans to SCO countries
An employee counts Chinese one-hundred yuan banknotes at the Bank of China Hong Kong Ltd headquarters in Hong Kong, Nov 12, 2016. [Photo/VCG] BEIJING – China Development Bank (CDB), a major policy bank, has so…
Banks to open Renminbi accounts in China
The Central Bank of Nigeria (CBN) yesterday released the operational guidelines for the $2.5 billion currency swap agreement between Nigeria and China. The Peoples Bank of China (PBoC) – CBN) Bilateral Currency Swap (BCSA) regulations…
China’s money rates fall, helped by c.bank’s long-term cash injection
SHANGHAI, June 8 (Reuters) – China’s primary money rates fell this week as liquidity deepened at the start of a month and market sentiment improved after a net long-term cash injection led by the central…
Nigeria: CBN Issues New Guidelines On China Currency Swap Transactions
… for the conduct of financial transactions under the recently federal government signed currency swap deal with the bank of China. In the new guidelines that was titled: “Regulations for Transactions with Authorised Dealers in…
