China will be bolder in the opening up of its financial sector, Zhou Xiaochuan, the country’s central bank governor, said Friday.[Special coverage] Zhou made the remarks at a press conference on the sidelines of the…
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China’s financial reforms could quicken as financial supervision improves: PBOC governor
BEIJING (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector risk has…
China’s financial reforms could quicken as financial supervision improves – PBOC gov
BEIJING, March 9 (Reuters) – China’s financial reforms could quicken as financial supervision improves, People’s Bank of China governor Zhou Xiaochuan said on Friday on the sidelines of the annual parliament session. Controlling financial sector…
China Bank to raise up to P50B
CHINA BANKING Corp. (China Bank) is set to conduct fund-raising activities to expand its business. In a disclosure to the local bourse on Thursday, the Sy-led China Bank said its board of directors approved a…
Beijing puts foot on accelerator for bank lending
China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. The move suggests that even as regulators…
BRIEF-China Industrial Securities International Financial Group Posts FY Profit Of HK$152.8 Mln
* PROFIT FOR YEAR HK$152.8 MILLION VERSUS HK$ 101.1 MILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China bank regulator softens loan-loss provision rules
China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. The move suggests that even as regulators…
China finance minister says ‘fully confident’ in fending off systemic debt risks
BEIJING (Reuters) – China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, Finance Minister Xiao Jie said on Wednesday. China will…
BRIEF-China Shandong Hi-Speed Financial Announces Issue Of Additional $200 Mln Bonds Due 2019
March 7 (Reuters) – China Shandong Hi-Speed Financial Group Ltd: * ANNOUNCES ISSUE OF ADDITIONAL US$200 MILLION 3.9% GUARANTEED BONDS DUE 2019 Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles.…
China keeps growth target at 6.5 pc, stays focused on financial risks
Chinese economy which is slowing down every year has registered grew by 6.9 percent last year. BEIJING: China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while…
China regulator to cut banks’ bad debt buffers – sources
SHANGHAI (Reuters) – China’s banking regulator plans to reduce the amount of funds that banks must set aside to cover bad loans, two sources with direct knowledge of the situation said on Tuesday. The China…
Urgent rates decision likely to face next head of China’s central bank
SHANGHAI/BEIJING (Reuters) – China’s central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month. Zhou Xiaochuan, the long-serving People’s Bank of China (PBOC)…
Beijing sets softer growth target with eye on financial risks and economic restructuring
Beijing has set a lower economic growth target for this year than the 6.9 per cent achieved last year as it keeps an eye on global trade uncertainties and long-term financial risks and seeks new…
