China has laid out a clearer timetable for opening its financial sector to more foreign investment by the end of the year as Beijing looks to fend off growing criticism from the United States and…
Tagged By finance
China stocks post worst loss in 3 weeks, developers and banks drag
In the latest effort by Beijing to reduce risks in the financial system, China’s central bank published rules on Friday to restrict the issuance of short-term financing notes by brokerages. “The concern over China’s economy…
China’s Sina Weibo reverses gay content clean-up after outcry
BEIJING (Reuters) – China’s Sina Weibo on Monday reversed a decision to remove gay content after outcry among gay Chinese who say the company had smeared homosexuality by lumping it with pornography as it tried…
China, Japan resume economic talks after 8-year hiatus
TOKYO (AP) — China and Japan resumed high-level economic talks Monday after a hiatus of nearly eight years in a sign of improving ties in their often-frosty relationship. Led by their foreign ministers, the two…
China set for fewer World Bank loans in US fundraising deal
The World Bank is set to change its lending model so that China will receive fewer loans as part of a deal with the Trump administration to secure its backing for a $13bn capital increase.…
China’s economy slows in first quarter: AFP survey
China’s economy slowed slightly in the first quarter as the government battles debt and financial risk, with US trade frictions threatening to further hobble growth, analysts surveyed by AFP said. The world’s second largest economy…
China March new loans rise as shadow banking retreats
Chinese banks doled out more loans in March and appeared to make solid progress in reining in off-balance sheet lending that has prompted a sweeping crackdown by regulators looking to reduce systemic financial risks. The…
China’s financial reforms are not what they’re cracked up to be
If you had been waiting with bated breath for earth-shattering policy announcements from President Xi Jinping at this week’s Boao Forum, you have reason to be underwhelmed. Xi was hardly going to get into details…
China opens up financial institutions to foreigners
China’s new central bank governor Yi Gang announced the move on Wednesday, confirming Beijing is serious about moving swiftly on President Xi Jinping’s commitment a day earlier to open up the country to more foreign…
Simon Cheng, President of X Financial: China Has Bettered US in Fintech
SAN FRANCISCO, April 14, 2018 /PRNewswire/ — Simon Cheng had already realized that fintech will change traditional consumer finance or overturn the public’s consumer behaviors and even lifestyles back in 2015, when he still worked…
Is China’s ‘cheap money’ era over as credit shrinks and interest rates rise?
Social financing, a broad measure of credit and liquidity in the world’s second biggest economy, fell 1.33 trillion yuan (US$211.85 billion) from a year earlier to 5.58 trillion yuan, the People’s Bank of China said…
BRIEF-Agricultural Bank Of China To Boost Financial Leasing Unit’s Capital By 6.5 Bln Yuan
April 13 (Reuters) – Agricultural Bank Of China Ltd : * SAYS IT PLANS TO BOOST FINANCIAL LEASING UNIT’S CAPITAL BY 6.5 BILLION YUAN ($1.04 billion) Source text in Chinese: bit.ly/2JIOGVh Further company coverage: ($1…
Trade war or not, China is closing the gap on U.S. in technology IP race
HONG KONG (Reuters) – China’s rising investment in research and expansion of its higher education system mean that it is fast closing the gap with the United States in intellectual property and the struggle to…
