BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday. China will effectively control the macro leverage ratio and credit risks…
Tagged By finance
China’s Financial Opening Isn’t Quite What It Seems
Although trade tensions between the U.S. and China show no signs of abating, there are some reasons for cautious optimism. One is that the Americans have finally gotten around to giving the Chinese a concrete…
China cites Deutsche Bank report to dispute US trade deficit numbers
There are several factors which weigh against China in its trade with the US, and the US tends to ignore these, Global Times said. NEW DELHI: Vowing to reduce trade deficit of the US with…
Shadow banking warning highlights China’s ‘debt time bomb’
(MENAFN – Asia Times) Financial Stability Board reveals that US$7 trillion of the world’s riskier non-bank loans are held in China forcing Beijing to act By Gordon Watts April 3, 2018 2:35 PM (UTC+8) >…
BRIEF-China Shandong Hi-Speed Financial Group Sees Over 200 Pct Rise FY Net Profit
* EXPECTED RESULT DUE TO GROWTH IN BUSINESS OPERATION AND FAIR VALUE GAIN ON INVESTMENTS Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China hits U.S. goods with tariffs as ‘sparks’ of trade war fly
The tariffs, which take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of possible tariffs on up to $3 billion in U.S. goods published by China on…
Washington, Beijing flexing muscles in trade dispute
Beijing on Monday imposed tariffs on 128 American goods, retaliating for President Donald Trump’s decision last month to slap import duties of 25 percent on steel and 10 percent on aluminum. Washington was primarily targeting…
Pressure on China’s banks to report bad debt is good news for foreign investors
China’s second NPL cycle kicked off in 2015 but sales to … through such measures as repurchase agreements and sales to related parties at par. The banking regulator knows what is going on, and in…
China raises tariffs on US pork, fruit in trade dispute
BEIJING (AP) — China raised import duties on a $3 billion list of U.S. pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global…
China’s biggest banks set for a boost in valuations
Nomura and Huatai Securities are among those that raised target prices last week after Industrial & Commercial Bank of China and its two largest peers posted better-than-expected profits, which grew at the fastest pace in…
Beijing rolls out the red carpet to woo ‘unicorns’ to list in Shenzhen or Shanghai
The term “unicorn” – referring to start-ups worth at least US$1 billion – is becoming the hottest buzzword in China’s business sector after Beijing used the term in context of young companies with superior technology.…
China’s leaders sign off on new rules to crack down on ‘shadow banking’
A massive clean-up is likely to take place in China’s 100 trillion yuan (US$15 trillion) asset management industry after new regulations targeting “shadow banking” were approved. The official endorsement by Xi Jinping is the first…
Zhongguancun Bank, MOLBASE join hands on financing services
Beijing Zhongguancun Bank Co Ltd and MOLBASE (Shanghai) Biotech Company reached strategic cooperation agreement in Beijing on March 28 to provide financial services to small and medium-sized companies. The cooperation will provide micro, small and…
