Bogus press invitations have been distributed to US media organisations claiming that the Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) are about to jointly introduce new measures to crack down on…
Tagged By finance
Opinion: Efforts to Cut Off China From World Bank Lending Are Misguided
Overshadowed by China’s role as the world’s creditor is the uncomfortable reality that it also continues to be one of the largest recipients of multilateral assistance through major development agencies like the World Bank and…
BRIEF-China Banking Posts FY Net Interest Income Rose 17% To 20 BLN Pesos
* FY NET INTEREST INCOME ROSE 17% YEAR-ON-YEAR TO 20 BILLION PESOS Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China c.bank releases nearly 2 trln yuan in temporary liquidity
BEIJING, Feb 9 (Reuters) – China’s central bank said on Friday it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The…
China eyes consumer financial literacy improvement
Financial literacy has become a catchphrase in China after decades of reform and opening up, with the country’s economy becoming increasingly complex. “As China is building itself into a financial power, the financial literacy level…
China’s private funds face employee exodus, business scramble as rules bite
SHANGHAI (Reuters) – China’s private fund managers are facing an employee exodus and some are closing as Beijing’s clampdown on leverage and financial risk claims more scalps. Once a booming industry – capital grew by…
China’s regulators ask financial institutions to check local govt debt – sources
SHANGHAI, Feb 8 (Reuters) – Chinese authorities in the southwestern province of Sichuan have asked financial institutions to conduct self-inspections on their financing of local governments, said two people with direct knowledge of the matter.…
Qingdao, China is creating an international business environment
QINGDAO, China, Feb. 6, 2018 — With the aim of creating an international business environment, the Qingdao Wealth Management Financial Comprehensive Reform Pilot Zone has continued to enhance its abilities to attract and deploy foreign … ( read…
The Shadow Banking Narrative: China And Also India
The island of Caofeidian is located 200 kms from Beijing and is a land reclaimed from the sea and converted into an economic development zone in Tangshen district, China. The port of Caofeidian was promoted…
China central bank reaffirms prudent, neutral monetary policy in 2018
BEIJING (Reuters) – China’s central bank pledged on Tuesday to maintain a prudent and neutral monetary policy this year and keep liquidity reasonably stable. China also will step up macro-prudential management for shadow banking and…
South African bank partners with UnionPay on cashless options
File photo taken on Sept. 25, 2011 shows a customer displays bank cards in Qionghai, south China’s Hainan Province. (Xinhua/Meng Zhongde) JOHANNESBURG, Feb. 5 (Xinhua) — Standard Bank signed an agreement with UnionPay International on…
China to open door wider for foreign banks
In a bid to attract more foreign investment, China will further open up its banking sector by relaxing rules on foreign banks. The move hopes to give foreign players easier access to the local market…
China is moving to eliminate all cryptocurrency trading with a ban on foreign exchanges
China has previously taken steps to curb cryptocurrency trading in the country, but recent moves may eliminate trading in the country completely. People’s Bank of China said on Sunday that it would block access to…
