China is facing its “worst financial situation” in 17 years, says Bass, who made a huge currency bet in 2016 against the Chinese yuan. “We are in our strongest negotiating position we’ve ever had agai……
Tagged By finance
China’s Central Bank to Offer More Funds to Private Companies
China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world’s second-largest economy. The State Council announced it would … ( read original story…
Chinese bank workers get slithery surprise after python literally crashes their meeting
The short-lived meeting took place Friday at the Industrial and Commercial Bank of China in the city of Nanning in Guangxi Province, China News reported. CCTV footage of the hiss-terical incident … ( read original…
China banking watchdog says financial risks ‘fully controllable’: CSJ
BEIJING (Reuters) – China’s systemic financial risks are “fully controllable”, the official China Securities Journal newspaper reported on Monday, citing the head of the country’s banking and insuranc… ( read original story …)
Trump’s trade war isn’t the main drag on China’s economy
Exports to the U.S. account for less than 4% of China’s GDP. “The slowdown is not principally due to trade frictions,” economists at PNC Financial Services Group wrote in a note. ( read original story…
Chinese premier tells European, Asian leaders Beijing will continue reform
BEIJING (Reuters) – Chinese Premier Li Keqiang said at a meeting between Asian and European leaders in Brussels that China will continue to open up its economy, push forward reforms and improve its bu… (…
China economic growth weakest since 2009, government moves to lift confidence
BEIJING (Reuters) – China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign … ( read original story…
European Universities Growing in Popularity among Chinese Students, Says Harrow Beijing, Host of Beijing International Schools’ University Fair
BEIJING, Oct. 19, 2018 /PRNewswire/ — Harrow Beijing, an affiliation of Harrow School London (est. 1572), successfully hosted the Beijing International Schools’ University Fair this week … ( read original story …)
HSBC May Become First Foreign Firm to List in China
The issuance of CDRs on the Shanghai stock exchange will be more of a symbolic move for HSBC, which will gain a lot of publicity that could help the bank’s branding and business advisory services…
Dehn: China Can Keep Financial Risks Under Control
(Bloomberg) — The trade-war counter measures taken by China aren’t even showing yet says Jan Dehn, Head of Research at Ashmore. He told Daybreak Europe’s Francine Lacqua that with CSI down 30 percent … (…
‘Caishang’ app launched to improve financial literacy
Ge Wei, chairman and president of China Fortune Media Group, delivers a speech at a seminar in Beijing on Oct 18. [Photo provided to chinadaily.com.cn] “Caishang”, an application for financial knowled… ( read original story…
China arrests former vice finance minister for graft
BEIJING (Reuters) – China has arrested a former vice finance minister for suspected corruption, its top prosecutor said on Friday. Zhang Shaochun has been under investigation for “serious violation of … ( read original story…
China to Allow Bank Wealth-Management Funds to Be Invested in Stocks
BEIJING/SHANGHAI (Reuters) – China’s banking regulator said on Friday it plans to start letting funds from products publicly sold by banks’ wealth management subsidiaries be directly invested in … ( read original story …)
