China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. The move suggests that even as regulators…
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China finance minister says ‘fully confident’ in fending off systemic debt risks
BEIJING (Reuters) – China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, Finance Minister Xiao Jie said on Wednesday. China will…
BRIEF-China Shandong Hi-Speed Financial Announces Issue Of Additional $200 Mln Bonds Due 2019
March 7 (Reuters) – China Shandong Hi-Speed Financial Group Ltd: * ANNOUNCES ISSUE OF ADDITIONAL US$200 MILLION 3.9% GUARANTEED BONDS DUE 2019 Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles.…
China keeps growth target at 6.5 pc, stays focused on financial risks
Chinese economy which is slowing down every year has registered grew by 6.9 percent last year. BEIJING: China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while…
China regulator to cut banks’ bad debt buffers – sources
SHANGHAI (Reuters) – China’s banking regulator plans to reduce the amount of funds that banks must set aside to cover bad loans, two sources with direct knowledge of the situation said on Tuesday. The China…
Urgent rates decision likely to face next head of China’s central bank
SHANGHAI/BEIJING (Reuters) – China’s central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month. Zhou Xiaochuan, the long-serving People’s Bank of China (PBOC)…
Beijing sets softer growth target with eye on financial risks and economic restructuring
Beijing has set a lower economic growth target for this year than the 6.9 per cent achieved last year as it keeps an eye on global trade uncertainties and long-term financial risks and seeks new…
As Western banks leave, China adds Brunei to new silk road
HSBC pulled out of Brunei last year, while Citibank exited in 2014 after 41 years. Bank of China, meanwhile, opened its first branch in the sultanate in December 2016. The Muara Besar project is promising…
China keeps growth target at 6.5 percent, stays focused on financial risks
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li…
China’s Financial Reach Leaves Eight Countries Vulnerable, Study Finds
China is emerging as a massive creditor to its economic allies taking up projects to upgrade roads, harbors and airports, making it an increasingly important financial influence on the world stage. China is financing as…
China to Recruit Civilian Astronauts
China will begin recruiting civilian astronauts for its military-backed space program and plans to increase the number of crewed missions to around two a year, a top official with the country’s space program said. China’s…
China says must control money supply to combat financial risk
BEIJING (Reuters) – China must strengthen regulatory oversight and control the overall amount of money supply to guard against mounting financial risks in the economy, a top economic official said on Sunday. Yang Weimin, the…
Too little, too late? Foreign bankers fall out of love with China as Beijing fails to open up
Banking is a litmus test for the broader Chinese economy. For decades, Beijing took it for granted that overseas investors would be waiting at the gates, keen for a share of a massive market. But…
