BEIJING (Reuters) – China should focus less on rapid economic growth and more on the quality of its economy, given the dangers from already accumulating financial risks, a senior Chinese Communist Party official warned on…
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China should not seek high growth as financial risks mount, warns government official
China should focus less on rapid economic growth and more on the quality of its economy, given the dangers from already accumulating financial risks, a senior Chinese Communist Party official warned on Saturday. In the…
China warns U.S. it will defend own trade interests
China’s commerce ministry expressed regret at the filing on … SOYBEANS, AUTOS, PLANES The commerce ministry’s response had so far been “relatively weak”, respected former Chinese finance minister Lou Jiwei said at the forum. “If…
China says ready to defend its interests in U.S. trade spat
China potential measures were not confined to commodities, and tourism could be a possible target, he added. SOYBEANS, AUTOS, PLANES A former Chinese finance minister said at the China Development Forum in Beijing that the…
China’s economic czar tells US Beijing will defend interests
BEIJING (AP) — China’s newly-appointed economic czar has told U.S. Treasury Secretary Steven Mnuchin that Beijing is ready to defend its interests after President Donald Trump announced plans to slap tariffs on nearly $50 billion…
JD Finance helps banks win ‘young’ credit clients
Xie Jinsheng, vice-president of JD Finance, introduces the Big Dipper retail credit package in Beijing on March 23, 2018. [Photo provided to chinadaily.com.cn] E-commerce giant JD’s financial technology arm JD Finance speeds up exporting its…
China central bank names CBRC’s Guo as head of new banking, insurance regulator
BEIJING (Reuters) – The official publication of China’s central bank said on Thursday that Guo Shuqing has been appointed head of the new regulator for the banking and insurance sectors, as the world’s No. 2…
BRIEF-China Minsheng Financial Holding Corp Posts FY Profit Attributable Of HK$192.0 Million
* FY PROFIT ATTRIBUTABLE HK$192.0 MILLION VERSUS HK$36.9 MILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
BRIEF-China Huirong Financial Posts FY Profit Attributable Of RMB50.9 Mln
* TO PROPOSE DIVIDEND OF HK$0.0132 PER SHARE Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
Boeing, financial shares lead losses as Trump targets China
The Trump trade’s turning into the tariff tumble. U.S. equity markets sank the most since Feb. 8 and investors sought out havens in Treasuries and gold futures after the U.S. unveiled $50 billion of tariffs…
Presence of cloud computing growing in financial institutions
BEIJING – The use of cloud computing technology in China’s financial institutions is growing, according to a recent report. Nearly 90 percent of Chinese financial institutions have used or plan to use cloud computing technology,…
Asian shares slump on fears of trade war between US, China
Stocks plunged Thursday on Wall Street after U.S. President Donald Trump imposed sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions…
Donald Trump announces $50 billion tariffs on China
US President Donald Trump today announced USD 50 billion of tariffs on China to punish the country for its “unfair” trade practices, a move that could escalate the already tense trade relations between the world’s…
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