Bank loans made available to small businesses, including those operating in rural areas, account for only 8% of the total loans made by Chinese financial institutions in 2016, according to the 2016 China Financial Inclusion…
Tagged By finance
Citigroup to Onshore Cash Equities in China
Citigroup (NYSE: C) is looking into setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks while the company tries to boost their share in Asia. The company is…
Why Kim Jong-un may be banking on a US military strike to ensure his survival
Even so, during the lull in North Korea’s nuclear and missile testing, Pyongyang looked to strengthen its relations with Beijing. Notably, there was great anticipation in late-2015 that Kim would be invited to visit Xi…
China’s Reserve Ratio Cut Is About Economic Efficiency
The recent decision by the People’s Bank of China to cut the effective reserve requirement ratio for banks by half a percent to 1.50 percent under certain circumstances fits with the government’s attempt to reduce…
Pro-Beijing lawmakers move to end filibustering in Legco’s Finance Committee
The days of using long-winded debates to block Hong Kong government funding requests could soon be over as the Legislative Council’s pro-establishment camp is close to finalising a plan to restrict filibustering in its finance…
BANKING & FINANCE JOB | First Bank of Nigeria Limited Latest Job Recruitment (5 Positions)
First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets … as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi. ( read original story …)
Shunning Beijing’s infrastructure bank was a mistake for the US
The Obama administration’s negative response to China’s proposed Asian Infrastructure Investment Bank was a strategic mistake. Though some Chinese moves might be destabilising and require US resistance, this initiative should have been welcomed. ( read…
World Bank raises growth forecast for China to 6.7 percent
EPA-EFE/FILE/WU HONG A Chinese man holds a tool while walking in an urban-rural integration area in Beijing, China, Mar. 30, 2017. EPA-EFE/FILE/WU HONG The World Bank raised China’s growth forecast for 2017 from 6.5 percent…
Private players feeling squeezed out by Beijing’s support for state companies
But the business’s prospects were still gloomy because the plant risked being gobbled up by a big company as Beijing encouraged large … of players supported through subsidies, low-interest bank loans, export tax rebates and…
China is CONTROLLING EU: Shock warning China using financial clout to influence Brussels
Proposals to make life more difficult for Chinese investors to muscle in were watered down by eurocrats leaving big hitters from the east free to snap up Europoean companies in strategic sectors. France, Germany and…
South China Financial Holdings Ltd. (0619) Is Yet to See Trading Action on Oct 5
Shares of South China Financial Holdings Ltd. (HKG:0619) closed at 0.052 yesterday. South China Financial Holdings Ltd. currently has a total float of 15.06B shares and on average sees 18.63M shares exchange hands each day.…
Soaring rates of ‘shadow banking’ add to fears of Chinese debt, warns World Bank
Fears that the steep growth of shadow banking could trigger a debt crisis in China’s have been highlighted by the World Bank. In its October report on the East Asian and Pacific economies, the Washington-based…
China Prefers Patriotic Entrepreneurs
This relationship has become more complex since China opened up its economy from the latter part of the 1970s. Post decades of red-hot economic growth, President Jiang Zemin took the decision in 2001 to accept…
