But he mentioned themes that are key irritants in relations with Washington, repeating pledges to open China’s banking and finance industries to foreign ownership and to protect the intellectual property of foreign companies. Xi tried…
Tagged By finance
HSBC to expand further in China, cut red tape under new management team
LONDON (Reuters) – HSBC (LSE:HSBA.L – News) will seek to cut internal bureaucracy and expand investment in China’s southern region to the rest of the country, executives at the bank said on Monday, in the…
China to create national financial database to fend off systemic risk
BEIJING (Reuters) – China will launch a five-year plan to build a national financial database with a focus on cross-sector products and important institutions including holding firms, in Beijing’s latest measure to curb systemic financial…
Former China bank governor makes nice with US over trade war
Boao, China: The former governor of China’s central bank says China does not need such a high trade surplus with the United States, in an indication Beijing may be willing to give ground in its…
China should invest in assets other than Treasuries: central bank adviser
BOAO, China (Reuters) – China should make better use of the country’s funds by looking to invest its large capital reserves in real assets, not United States Treasury bonds, an adviser to China’s central bank…
China vice premier says will win battle against financial risk: Xinhua
Liu, China’s senior-ranking official for economic affairs, made the comments at the establishment ceremony for the country’s new banking and insurance regulator, the China Banking and Insurance Regulatory Commission (CBIRC). China will push forward ……
China’s Answer to the World Bank Wants Green, Clean Asian Infrastructure
Jin Liqun may not be a household name (yet), even though he has one of the most challenging and important jobs in global finance. Jin, 68, is the inaugural president and chairman of the Asian…
Brewing US-China trade war spooks asset managers
A full-blown trade war between Washington and Beijing could lead to falls of up to 50 per cent in equities, instability in the US Treasury market and damage to China’s banking system. That warning from…
China’s five big banks see faster profit growth
China’s five major banks reported faster net profit growth and lower bad loan rates in 2017. The country’s biggest bank, the Industrial and Commercial Bank of China (ICBC), saw its net profit up by 3…
Chinese sperm bank wants Communist donors who ‘love the socialist motherland’
A sperm bank in China wants donors – but only if they’re good Communists who “love the socialist motherland.” The Third Hospital of Peking University launched a donation campaign this week on its social media…
China applies its own maximum pressure policy on Pyongyang
TOKYO — As the U.S.-North Korea summit looms, President Donald Trump’s maximum pressure policy on North Korea may be working — thanks to China. Beijing appears to have gone well beyond U.N. sanctions on its…
Chinese sperm bank only wants donors who are loyal to Communism
BEIJING — A sperm bank in Beijing has set strict criteria for would-be donors, including a requirement that they are loyal to China’s ruling Communist Party. The state-run Peking University Third Hospital, according to a…
China’s new central bank governor will have to deal with debt and an ambitious economic agenda
The Chinese government has appointed a new head of its central bank. Yi Gang, currently the deputy governor of the People’s Bank of China, will take over the leadership from Zhou Xiaochuan, who had been…
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