BEIJING (Reuters) – China’s central bank governor, Yi Gang, said on Thursday that first-quarter Chinese economic data has been a little better than expected. Yi was a speaker at a Belt and Road conference in…
Tagged By finance
China Takes New Step Toward Opening Its Financial Markets to the World
Given China’s creaky financial system and high debt buildup, Beijing is keen to maintain a tight grip on the pace of financial liberalization and capital flows, analysts say. “We can’t deal with it if we…
China Construction Bank opens a branch managed by robots
After the introduction of unstaffed convenience stores and cashier-less karaoke booths, self-service bank branches now look like they are becoming a reality. China Construction Bank (CCB), the nation’s second largest lender by assets, opened one…
Beijing unveils financial opening moves, boosts Hong Kong stock link, plays down yuan talks
China’s central bank has unveiled a slew of market opening measures in the financial sector on Wednesday, including the removal of foreign ownership caps of banks, as Beijing tries to paint itself as an open…
Breakingviews – China’s financial market door only opens inward
HONG KONG (Reuters Breakingviews) – China’s latest financial opening promises go in one direction. Central bank governor Yi Gang on Wednesday pledged to lower ownership barriers for foreign financiers by the end of the year,…
China Adds Flesh to Bones of Plan for Big Bang Financial Opening
China’s plan for an historic opening of its financial sector came into sharper focus as the nation’s top central banker elaborated on pledges from President Xi Jinping that have buoyed global markets and eased trade…
China to open its doors to foreign banks
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…
China, HK stocks climb as Beijing pledges to further open financial sector
China will allow foreign investors to enter its trust, financial leasing, auto finance and consumer finance sectors by the end of this year, the country’s central bank said on Wednesday. China also will raise foreign…
China central bank governor says market-determined exchange rate is working very well
BOAO, China (Reuters) – People’s Bank of China Governor Yi Gang said on Wednesday the country’s exchange rate mechanism had been working well and that it hadn’t intervened in currency markets for a long time.…
China speeds up reforms opening finance sector to foreign ownership
Beijing has sped up the pace of ownership reforms for China’s banking, securities, futures, asset management and insurance sectors, shifting the timeline for implementation from years to just months after President Xi Jinping this week…
China to peer inside its shadow banking world via a new database
Beijing will establish a data bank in support of its campaign to clean up its unruly shadow banking system and control financial risk as it continues to learn from the lessons of the stock market…
China pledges to allow more foreign investment in financial sector by year-end
BOAO, China (Reuters) – China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from…
China to allow more foreign investment in financial sector this year: PBOC
BOAO, China (Reuters) – China will allow domestic and foreign financial firms to compete on an equal footing and “sharply” expand the business scope for foreign banks, central bank governor Yi Gang said on Wednesday.…
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