China will create a centralised financing company to oversee billions worth of dollars in funds held by the country’s state-owned enterprises’ finance units, people familiar with the matter said, allowing the government closer supervision of…
Tagged By finance
China Development Bank Financial Leasing and Unit to Buy Aircraft From Airbus and Boeing
HONG KONG–China Development Bank Financial Leasing Co. Ltd. (>> China Development Bank Fnacl Lsng Co Ltd) said late Friday that it together with its unit in Ireland CDB Aviation Lease Finance DAC, have signed agreements…
Financial market reform crucial to China’s economy
China is expected to further open up its financial market as part of a strategy to expand its economy in the coming years, according to Harvey Schwartz, president and co-chief operating officer of Goldman Sachs…
China’s Leshi Internet plans to buy finance business from affiliate for 3 billion yuan
(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million)…
London can play key role in Beijing’s new ‘silk road’, says Bank of China executive
A Bank of China executive has backed the City of London to help manage the risk posed by Beijing’s mammoth infrastructure programme, the belt and road initiative. Sun Yu, general manager of the bank’s London…
Beijing effort and inflation push China debt load down
The International Monetary Fund warned in August that Beijing’s reluctance to rein in borrowing … warned that such a rapid build-up in borrowing has historically ended in financial crisis. Zhu Haibin, chief China economist at…
S&P’s China downgrade may deter forex liberalisation plans
The decision by prominent US financial agency S&P Global Ratings to downgrade China’s sovereign rating is likely to deter some financial liberalisation plans under consideration in Beijing, particularly as the decision was made at a…
The next financial crisis is coming, I just don’t know when
“The Next Financial Crisis”. It lays out numerous possible triggers – a recession; a clumsy central bank unwind; deflation; an asset market crash; a collapse in market liquidity. Triggers could come from Italy, China, Japan…
China’s securities regulator hands out more fines
China’s securities regulator has handed out more fines to punish market violations amid tightened financial supervision in the first eight months of the year. From January to August, the China Securities Regulatory Commission has given…
China should open up financial sector: think tank
China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. China has made significant headway in opening up its financial sector over the…
‘A US Trade War With China Will End US Monopoly on Global Financial System’
saying that the restrictions could involve cutting off Beijing’s access to the US financial system. “If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US…
Chinese media warn about ‘lessons’ for South Korea when it ignores Beijing’s ‘concerns’
China has not acknowledged any official ban on South Korean businesses. Still, in a Tuesday editorial, state media hinted at a causal relationship between acting against Beijing’s wishes and business hardship. A consumer boycott was…
China’s c.bank tells banks to stop doing business with N.Korea
China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in … China’s central bank did not immediately respond to a request for comment.…
