China’s economy grew more than expected in the first quarter as it withstood headwinds from Beijing’s fight against financial risk and pollution, and trade tensions with the United States. While acknowledging the potential negative impact…
Tagged By finance
China’s former insurance regulator charged with bribery
The former head of China’s insurance regulatory body has been formally charged with bribery and abuse of power, prosecutors said on Monday, becoming the most senior financial regulator to be targeted in a continuing crackdown…
China posts better-than-expected 6.8% growth in Q1
China’s economy grew a forecast-beating 6.8 percent in the first quarter, official data showed Tuesday, overcoming Beijing’s battle on financial risk and pollution and trade tensions with the US. The world’s number two economy exceeded…
China bank goes staffless at a branch; robots replace tellers
At mid-morning on a busy street in central Shanghai, Liang Min, a salesman, has entered a branch of the China Construction Bank (CCB) to withdraw money. “I need 20,000 yuan,” he says. He is talking…
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according…
DBS CEO upbeat on foreign bank access expansion
He was impressed with the quick follow-up from China’s central bank Governor Yi Gang, who, in his speech, provided specific details for the financial services sector. “The idea that foreign banks can have not only…
China c.bank raises interest rate on 1-year MLF
SHANGHAI, April 17 (Reuters) – China’s central bank raised the interest rate on one-year medium-term lending facility (MLF) loan by 5 basis points on Tuesday, matching hikes in other short-term money market rates. The interest…
China’s Economic Growth Remains Robust Amid Strong Retail Sales
People’s Bank of China Governor Yi Gang last week said economic indicators performed better than expected in the first quarter amid continued improvement in the global outlook. Industrial output by the mining sector decreased 1.1…
China Offers a Financial Industry Exam in English
Industry exams in English are the latest example of China’s financial opening up. Starting next month, for the first time, foreign senior staff of private securities funds will be able to take the industry’s qualifying…
Beijing speeds up promised finance reforms
China has laid out a clearer timetable for opening its financial sector to more foreign investment by the end of the year as Beijing looks to fend off growing criticism from the United States and…
China stocks post worst loss in 3 weeks, developers and banks drag
In the latest effort by Beijing to reduce risks in the financial system, China’s central bank published rules on Friday to restrict the issuance of short-term financing notes by brokerages. “The concern over China’s economy…
China’s Sina Weibo reverses gay content clean-up after outcry
BEIJING (Reuters) – China’s Sina Weibo on Monday reversed a decision to remove gay content after outcry among gay Chinese who say the company had smeared homosexuality by lumping it with pornography as it tried…
China, Japan resume economic talks after 8-year hiatus
TOKYO (AP) — China and Japan resumed high-level economic talks Monday after a hiatus of nearly eight years in a sign of improving ties in their often-frosty relationship. Led by their foreign ministers, the two…
