SHANGHAI, Sept 7 (Reuters) – China’s central bank injected medium-term cash into the banking system on Friday, effectively rolling over loans that matured on the same day, but short-term rates rose th… ( read original…
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China’s August bank lending seen lower but shift to credit easing intact: Reuters poll
BEIJING (Reuters) – China’s banks likely extended fewer new loans in August than the previous month, but the pace was still well above last year’s levels as the central bank looks to support the econo……
Bank Fines Surge in China as Regulator Seeks to Stem Tide of Bad Loans
(Bloomberg) — China’s banking regulator is handing out fines at a record pace as it battles a build-up of financial risk. The China Banking and Insurance Regulatory Commission, along with its predeces… ( read original…
China’s top four banks generated most profit in 2017
China’s four largest banks – Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd – were nation’s most profitable listed compan… ( read…
Deutsche Bank shares dip after report that China’s HNA plans to sell its stake
HNA Group, one of China’s largest conglomerates, will be exiting its 7.6 percent stake in Germany’s Deutsche Bank, according to a Wall Street Journal report. The decision comes under pressure from the … ( read…
Yuan Outperforms Peers as China Deters Bears Before Tariffs
“China is acting preemptively to prevent the yuan from falling, as they see the tariffs coming, which is bearish,” said Irene Cheung, foreign-exchange strategist at Australia & New Zealand Banking Gro… ( read original story…
China’s central bank pumps funds into market via MLF
BEIJING, Sept. 7 (Xinhua) — China’s central bank Friday injected 176.5 billion yuan (25.88 billion U.S. dollars) of funds into the market via the medium-term lending facility (MLF) to maintain liquid… ( read original story…
Financial aid given to 95.9 million students
China will further improve funding for students so that no one will have to drop out of school because of family financial difficulty. [Photo/VCG] China spent 188.2 billion yuan ($27.5 billion) last y… ( read…
Bank Fines Surge in China as Watchdog Battles Rising Bad Loans
China’s banking regulator is handing out fines at a record pace, as it battles a build-up of financial risk. The China Banking and Insurance Regulatory Commission, along with its predecessor agency, h… ( read original…
China says African countries don’t think cooperation adds to debt
BEIJING (Reuters) – African leaders attending this week’s summit with China don’t think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government’s top … ( read original story…
Pay-with-your-face systems and self-driving cars: Inside Baidu’s headquarters in Beijing
Like Alphabet in the U.S., the Chinese company is also working on a host of other technologies. CNBC recently visited its headquarters in Beijing , which is home to around 20,000 of its 40,000-person ……
China says retaliation ready if US tariffs go ahead
BEIJING — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain “steady and healthy” economic growth, a government ……
Boost for “made in China” medicine as Chi-Med wins key approval
The London-listed company – which is known as Chi-Med and is collaborating with Eli Lilly on the drug – said on Wednesday that the National Medical Products Administration of China had approved … ( read…
