China is the World Bank Group’s third-largest shareholder, with 4.77 percent of voting power. But China also controls 28.7 percent of the new Beijing-based Asian Infrastructure Investment Bank, which has $20 billion in paid-in capital,…
Tagged By finance
Is funding drying up for China’s internet finance on tighter scrutiny?
Chinese online lending platforms mostly declined on Wednesday morning in the A-share market, after data showed that the amount of funds raised for China’s internet finance platforms fell for a third straight month in September…
China appoints new top graft-busters at key financial regulators
BEIJING (Reuters) – China’s Communist Party has named new top officials to lead anti-corruption agencies at the country’s banking and insurance regulators as it makes final preparations for a twice-a-decade party congress later this month.…
China Debt-for-Equity Swaps Turn Out More Like Debt-for-Debt
In last month’s operation, Shaanxi Financial Asset Management Co. sold 500 million yuan ($76 million) in six-year bonds in a private placement, China Lianhe Credit Rating said in a Sept. 26 report. The Shaanxi provincial…
China central bank chief calls for open finance sector
BEIJING • People’s Bank of China (PBOC) governor Zhou Xiaochuan made a fresh call to open up the country’s financial sector, and warned that reform will become more difficult if the window of opportunity is…
Chinese central-bank chief talks of reforms aimed at lifting yuan’s status
Once missed, the cost of reform will be higher in the future,” said Zhou Xiaochuan, the governor of the People’s Bank of China … China’s leadership — Zhou’s comments suggest Beijing would be more proactive…
West Bank Blues: Palestine’s Interpol Membership Rattles Israeli Media
AP Photo/ Interpol In this photo provided by Interpol, a Palestinian delegate receives the INTERPOL flag from the president of the International Criminal Police Organization Meng Hongwei second right, during the Interpol General Assembly, in…
China forms closer ties with Luxembourg to help finance Belt & Road
IN LATE September Luxembourg’s minister of finance Pierre Gramegna was in China for meetings with officials including minister of finance Xiao Jie, and governor Zhou Xiaochuan of the People’s Bank of China. Gramegna headed a…
PIMCO: China’s upcoming People’s Congress could have big economic impacts
China’s specific 2018 policy objectives will be set by the new leadership closer to year-end at the annual Central Economic Work Conference. We expect that economic policy in the coming year will be a continuation…
CreditEase Hosted FinTech Themed 2017 Silicon Valley – Beijing Dialogue Conference in San Francisco
SAN FRANCISCO, Oct. 10, 2017 /PRNewswire/ — CreditEase, a Beijing-based financial technology conglomerate with a robust online platform and a broad offline network, announced it recently hosted a FinTech conference, “2017 Silicon Valley – Beijing…
China central bank boss calls for reform amid party congress countdown
BEIJING (BLOOMBERG) – People’s Bank of China Governor Zhou Xiaochuan made a fresh call to open up the nation’s financial sector, and warned that reform will become more difficult if the window of opportunity is…
Prospects for China, South Korea central bank FX swap renewal look positive: source
SEOUL (Reuters) – The central banks of China and South Korea appear to be on track to extend a $56 billion currency swap deal that expires on Tuesday, a senior South Korean source said, describing…
China Central Bank Boss Calls for Reform Amid Congress Countdown
People’s Bank of China Governor Zhou Xiaochuan made a fresh call to open up the nation’s financial sector, and warned that reform will become more difficult if the window of opportunity is missed. In an…
