If you had been waiting with bated breath for earth-shattering policy announcements from President Xi Jinping at this week’s Boao Forum, you have reason to be underwhelmed. Xi was hardly going to get into details…
Tagged By finance
China opens up financial institutions to foreigners
China’s new central bank governor Yi Gang announced the move on Wednesday, confirming Beijing is serious about moving swiftly on President Xi Jinping’s commitment a day earlier to open up the country to more foreign…
Simon Cheng, President of X Financial: China Has Bettered US in Fintech
SAN FRANCISCO, April 14, 2018 /PRNewswire/ — Simon Cheng had already realized that fintech will change traditional consumer finance or overturn the public’s consumer behaviors and even lifestyles back in 2015, when he still worked…
Is China’s ‘cheap money’ era over as credit shrinks and interest rates rise?
Social financing, a broad measure of credit and liquidity in the world’s second biggest economy, fell 1.33 trillion yuan (US$211.85 billion) from a year earlier to 5.58 trillion yuan, the People’s Bank of China said…
BRIEF-Agricultural Bank Of China To Boost Financial Leasing Unit’s Capital By 6.5 Bln Yuan
April 13 (Reuters) – Agricultural Bank Of China Ltd : * SAYS IT PLANS TO BOOST FINANCIAL LEASING UNIT’S CAPITAL BY 6.5 BILLION YUAN ($1.04 billion) Source text in Chinese: bit.ly/2JIOGVh Further company coverage: ($1…
Trade war or not, China is closing the gap on U.S. in technology IP race
HONG KONG (Reuters) – China’s rising investment in research and expansion of its higher education system mean that it is fast closing the gap with the United States in intellectual property and the struggle to…
China March new loans rebound to $178.23bn, shows data
The financing data also suggested that authorities continue to make solid inroads in their campaign to clamp down on riskier lending practices and shadow banking without stunting economic growth. Banks in China extended 1.12tn yuan…
China’s central bank ‘set to relax’ deposit rate guidelines
China’s central bank will relax its informal guidance on the upper limit of commercial banks’ deposit rates, facilitating the market liberalisation of interest rates, three sources with knowledge of the matter told Reuters on Friday.…
PBOC’s Yi Pledges More Steps to Further Open China’s Economy
(Bloomberg) — People’s Bank of China Governor Yi Gang pledged additional measures to open the economy, offering more specifics that may help ease trade tensions with the U.S. Authorities aim to introduce a Shanghai-London stock…
UPDATE 2-China March new loans rebound to 1.12 trln yuan as shadow banking retreats
BEIJING, April 13 (Reuters) – Chinese banks doled out more loans in March and appeared to make solid progress in reining in off-balance sheet lending that has prompted a sweeping crackdown by regulators looking to…
Beijing considers reviving outbound investment scheme for domestic investors after three-year hiatus
Officials at a Beijing-based mutual fund house confirmed to the South China Morning Post that the discussion took place, and said the regulator had been considering relaxing outflow controls under the QDII scheme for a…
China’s Credit Expansion Trails Estimates Amid Debt Cleanup
Aggregate financing stood at 1.33 trillion yuan ($212 billion) in March, compared with an estimated 1.8 trillion yuan in a Bloomberg survey and 1.17 trillion yuan the prior month New yuan loans stood at 1.12…
China’s central bank to relax commercial banks’ deposit rate ceiling: sources
HONG KONG/SHANGHAI (Reuters) – China’s central bank will relax its informal guidance for the upper limit of commercial banks’ deposit rates, facilitating the market liberalization of interest rates, three sources with knowledge of the matter…
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