Investors who pushed up Chinese bank shares last week on news of lower reserve requirements may have been celebrating too soon. The subtext to Tuesday’s move is an effort to prepare the banks for a…
Tagged By finance
US Hints at China Truce, Beijing Welcomes Move
US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic” of reaching…
China banks plan informal interest rate increases
China’s central bank has not adjusted benchmark deposit or loan rates since 2015, but the informal move by banks could result in pricier mortgages and corporate loans in line with Beijing’s efforts to discourage excessive…
As chairman investigated over graft, China’s Huarong told to control risks
BEIJING (Reuters) – A senior official at China’s banking and insurance watchdog said that the new leadership of China Huarong Asset Management Co (HKSE:2799.HK – News) must effectively control risks and focus on the company’s…
China Quietly Rolled Out a Very Big Bang
While China has embraced Western-style consumerism, its financial sector remains a bog, unable to satisfy the banking, insurance, and retirement needs of its growing middle classes. Technically, the mild-mannered Yi was just setting a more…
World Bank aims for 100% access to financial services
Jim Yong Kim, World Bank president. Photo provided to China Daily World Bank Chief Jim Yong Kim said on Thursday that he expected the progress and innovation in improving financial access in China will also…
Analysis: More China bank reserve cuts on the cards as PBOC seeks to prevent slowdown
BEIJING (Reuters) – The unexpected decision by China’s central bank to cut the amount of cash that lenders must keep in reserves is unlikely to be its last such move given the growing concerns about…
BRIEF-China Oceanwide International Financial Announces Investment Management Agreement For Setting Up Of Fund
* CHINA OCEANWIDE INTERNATIONAL FINANCIAL-TO PROVIDE CORPORATE GUARANTEE TO GUARANTEE GUARANTEED OBLIGATIONS IN FAVOUR OF INVESTORS OF UP TO HK$1.64 BILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. (…
China will curb financial irregularities from the root – regulator
BEIJING (Reuters) – China’s banking and insurance regulator said in a statement on Friday it will curb financial irregularities from the root. ( read original story …)
Finance Chiefs Told Trade Tensions Are Hitting Confidence
That’s the message being conveyed to finance ministers and central bankers from around … The U.S. argues China needs to lower its barriers to imports and foreign investments, while Beijing is criticizing President Donald Trump’s…
China’s ZTE slams U.S. ban on sales, says company’s survival at risk
HONG KONG (Reuters) – China’s ZTE Corp (HKSE:0763.HK – News) (Shenzhen:000063.SZ – News) said on Friday that a ban on the sale of parts and software to the company was unfair and threatens its survival,…
U.S., U.K.join forces on financial regulation
So our own producers are concerned.” U.S.-China Trade Spat a Glitch, Sri Lankan Says (11:39am) Sri Lanka’s junior finance minister, Eran Wickramaratne, is among those who expect a resolution to the U.S.-China trade tensions. Instead…
IMF warns shadow banking poses high risk to China’s financial stability
China has been urged by the International Monetary Fund to address threats to its financial system by increasing oversight of shadow banking from unregulated lenders and exercising tighter control of the fast growing insurance sector.…
