Bank of Qingdao plunged 8.7 per cent … a newspaper run by the People’s Daily, on Thursday. Beijing has been stepping up efforts to stimulate economic growth, which has slowed sharply during the US-C… (…
Tagged By finance
Beijing vows to reduce meddling in trading after bad year for China stock market
“Beijing has eased the intensity of its crackdown on shadow banking, and has pumped ample liquidity into the interbank market. But the money is just circulating between banks [and not reaching the rea… ( read…
Resumption of Iran-China Banking Ties Runs into Snag: Official
On November 28, Asgaroladi said the hurdles in banking transactions between Tehran and Beijing have been cleared. “As of December 2, a Chinese bank will begin banking transactions with Iran,” he had a… ( read…
China’s central bank continues to inject funds into market
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, Aug 3, 2018. [Photo/VCG] BEIJING – China’s central bank continued to pump liquidity into the money market through … ( read…
Central Bank Gold Policies – People’s Bank of China
Although there is no official confirmation of gold storage arrangements, it is thought that the Chinese official gold reserves are vaulted in Beijing, China’s capital, and may be under the protection … ( read original…
China fourth-quarter business confidence index lowest since second quarter of 2017: central bank survey
BEIJING (Reuters) – Business confidence among … according to a survey by the People’s Bank of China published on Monday. The entrepreneurs’ confidence index dropped to 67.8 percent in … ( read original story …)
Why China is getting tougher for Ford, GM and other automakers
“This is the first sustained downturn in memory,” said Michael Dunne, CEO of ZoZoGo, a firm that advises automakers on doing business in China. “We would have to go back to the Asian financial crisis…
Chinese tech titan Ant Financial in £500m bid for WorldFirst
The payments group affiliated to Alibaba (Berlin: AHLA.BE – news) , China’s biggest internet company, is in advanced talks about a $700m (£550m) takeover of WorldFirst, a British currency exchange sta… ( read original story…
China’s Huawei faces new setbacks in Europe’s telecom market
LONDON — The U.S. dispute with China over a ban on tech giant Huawei is spilling … Bans in Europe could significantly increase the financial pressures on Huawei. They would also cost Europe tens of…
China’s financial commission denies tax cut rumour during key economic meeting
China’s powerful financial stability commission, led by Chinese President Xi Jinping’s top economic aide, on Friday publicly denied a market rumour that Beijing had no plan to cut taxes at this week’s … ( read…
Does China’s bet on big data for credit scoring work?
When Ant Financial launched its credit scoring system, Sesame Credit, in January 2015, it said the data-driven product would “make credit more available to millions of consumers across China”, giving … ( read original story…
US and UK accuse China of cyber espionage campaign
The charges come amid a dramatic escalation of tensions between China and the US, which recently filed criminal charges against the chief financial officer of one of China’s most successful tech compa… ( read original…
China denies New York Times report on building military jets in Pakistan under CPEC
China on Friday dismissed as untrue a US media report that alleged that it has hatched a secret plan to build fighter jets and other military hardware in Pakistan as part of the USD 60…
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