The disruption highlights the government’s difficulties in its campaign to clean up China’s smog-choked cities and reduce reliance on coal. The latest shortages stem from Beijing’s effort since 2013 to shift 3 million households in…
Tagged By finance
China lenders lobby to soften shadow bank rules
China will move closer to the western style,” said Qiang Liao, banking analyst for rating agency Standard & Poor’s in Beijing. “It’s a kind of convergence.” Instead of selling products that promise to combine the…
China says it’s cuttings its debts — here’s how that’s actually working
That progress will only continue after President Xi Jinping signaled greater resolve to tackle financial risks during the 19th Communist Party Congress in October, they added. “Everyone tends to focus on the gross amount of…
Venezuela quickly resolves financial dispute with China
CARACAS, Venezuela (AP) — Venezuela’s cash-strapped government has quickly settled a lawsuit filed by a state-run Chinese company, making good on an unpaid bill and appeasing an important ally that holds billions in the South…
Must be a goldfinch! Clever bird puts coins into piggy bank with its beak – but won’t accept anything worth too little
An adorable bird proved to be quite the savvy saver in footage showing it collecting money from pedestrians and slotting them into its piggy bank – but not every coin made the cut. Spotted collecting…
China Banking Association Denies Calling for Less Regulation
“We will fully consider the impact on the banking industry as well as on the market before we finalize the rules,” Liu said at a forum in Beijing on Saturday. “We are now gathering feedback…
China regulator pledges steady opening-ups in banking sector
BEIJING, Dec. 13 (Xinhua) — China’s banking regulator Wednesday pledged to steadily advance opening up of the banking industry following the latest government move to widen foreign access to the financial sector. China’s Vice Finance…
South Korean firms flock to Beijing hoping summit will hasten thaw with China
Trade and business exchanges between the two countries froze earlier this year after South Korea deployed U.S.-made Terminal High Altitude Area Defense (THAAD) anti-missile system regardless of vehement objections from Beijing. Among those who traveled…
Official Launch of the Air China Beijing – Brisbane Route
BEIJING, Dec. 13, 2017 /PRNewswire/ — On 10 December 2017, Air China held a launch ceremony for the inaugural flight on its new route between Beijing and Brisbane. The ceremony was attended by a number…
China Levies Large Fine on Bank Over Bond Guarantees
one of the largest penalties levied on a Chinese bank and a sign Beijing is ramping up a crackdown on ways banks have been hiding risks. The China Banking Regulatory Commission said in a statement…
China imposes record fine on Guangfa Bank over guarantees for defaulted bonds
BEIJING (Reuters) – China’s banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan (£81.2 million) for providing illegal guarantees for defaulted corporate bonds sold through an…
Should You Buy China Eastern Airlines Corporation Limited (HKG:670)?
But what if there is still an opportunity to buy? Let’s take a look at China Eastern Airlines’s outlook and value based on the most recent financial data to see if the opportunity still exists.…
China stocks fall, financial and transport firms weigh
SHANGHAI, Dec 12 (Reuters) – China stocks fell on Tuesday, erasing the bulk of their gains the previous session, led lower by financial and transport firms. Investors are worried over whether China’s central bank would…
