It’s just a decade since the financial system was brought to its knees by risky lending. Yet China’s debt has ballooned to sky-high levels, in a worrying echo of the United States before the 2007-08…
Tagged By finance
China increases financial support for small and micro businesses
China will further bolster its small and micro businesses with more financial measures in order to increase economical vitality, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang…
China steps up financial support to small and micro businesses
China will further bolster its small and micro businesses with more financial measures to increase vitality of the economy, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang…
China’s private banks grow their assets
A man passes by a wealth management center of China Merchants Bank in Nanjing, capital of Jiangsu province.[Photo/VCG] China’s top 10 private banking institutions managed 7.5 trillion yuan ($1.12 trillion) of assets at the end…
China to boost financial support for small businesses
HONG KONG (Reuters) – China’s cabinet said on Wednesday that it will take a number of measures, including tax exemptions and targeted reserve requirement ratio cuts, to encourage banks to support small businesses. Financial institutions…
China Finance Online Co. Limite (NASDAQ:JRJC) Among Today’s Biggest Gainers – Up by 3.43%
China Finance Online Co. Limite is now up by 3.43% percent from yesterday’s close and has one of the biggest price gains of the day. 47,857 shares have changed hands. Short traders are more bearish…
Exploring China’s factory belt
India’s economy expands by 7.4pc in the third quarter, putting it on course to overtake China as the fastest growing large nation in the world ( read original story …)
China’s Traders Have an Excuse to Take the Rest of Year Off
Participants in the stocks and bond surveys included First Shanghai Securities Ltd., Central China Securities Co., Shanshan Finance, KGI Securities Co., Xufunds Investment Management Co., AXA SPDB Investment Managers Co., Beijing StarRock Investment … (…
S&P downgrade of China’s rating rejected
An official from the China Banking Association (CBA) said Monday that the reasoning behind S&P Global Ratings’ decision to lower China’s credit rating was “too simple and one-sided,” noting that the international credit rating agency…
Trump thanks China for help on North Korea, claims diplomacy is working
President Trump thanked China on Tuesday for help reining in North Korea as his administration moved to punish banking entities in China and elsewhere that have allegedly helped the rogue regime in Pyongyang get around…
Debt boom in India and China threatens new financial crisis, warns World Economic Forum
Banks across the world are more vulnerable to a crisis now than they were in the build up to the credit crunch, the World Economic Forum has warned. Bad loans in India have more than…
After spate of suicides, China targets predatory student lending
RETURN OF STATE BANKS The student loan problem is just a small part of China’s massive financial system, but public anger over the practices of loan companies has prompted the government to act. Guo Shuqing,…
Luxembourg ‘offers financial gateway to Europe’ for China
Global Times reporter Ma Jingjing (GT) interviewed Luxembourg for Finance CEO Nicolas Mackel (Mackel) about the country’s role in China’s financial presence in Europe, given that some European countries, including Luxembourg, are trying to attract…
