Participants in the stocks and bond surveys included First Shanghai Securities Ltd., Central China Securities Co., Shanshan Finance, KGI Securities Co., Xufunds Investment Management Co., AXA SPDB Investment Managers Co., Beijing StarRock Investment … (…
Tagged By finance
S&P downgrade of China’s rating rejected
An official from the China Banking Association (CBA) said Monday that the reasoning behind S&P Global Ratings’ decision to lower China’s credit rating was “too simple and one-sided,” noting that the international credit rating agency…
Trump thanks China for help on North Korea, claims diplomacy is working
President Trump thanked China on Tuesday for help reining in North Korea as his administration moved to punish banking entities in China and elsewhere that have allegedly helped the rogue regime in Pyongyang get around…
Debt boom in India and China threatens new financial crisis, warns World Economic Forum
Banks across the world are more vulnerable to a crisis now than they were in the build up to the credit crunch, the World Economic Forum has warned. Bad loans in India have more than…
After spate of suicides, China targets predatory student lending
RETURN OF STATE BANKS The student loan problem is just a small part of China’s massive financial system, but public anger over the practices of loan companies has prompted the government to act. Guo Shuqing,…
Luxembourg ‘offers financial gateway to Europe’ for China
Global Times reporter Ma Jingjing (GT) interviewed Luxembourg for Finance CEO Nicolas Mackel (Mackel) about the country’s role in China’s financial presence in Europe, given that some European countries, including Luxembourg, are trying to attract…
Commerce Secretary Wilbur Ross praises China’s ‘gigantic’ step on North Korea
China is “quite serious about living up to the commitments they have made regarding North Korea,” U.S. Commerce Secretary Wilbur Ross said on Wednesday. The order for Chinese lenders to stop doing business with Pyongyang…
China still stocking up on metals and credit, private survey says
S&P Global Ratings downgraded China’s long-term sovereign credit rating to A+ from AA- last week based on “increased” risks to the economy and financial system from China’s “strong credit growth.” The move followed a similar…
Beijing moves financial court to economic hub
A court specializing in financial dispute cases was moved Tuesday to Beijing’s financial street, where banks, security firms, and consultancies are clustered. The Financial Street People’s Court was moved from the Xicheng district court’s compound…
US commerce secretary strikes upbeat tone on Beijing visit
HONG KONG (AP) — U.S. Commerce Secretary Wilbur Ross said Tuesday there was a good tone during his trip to Beijing to meet Chinese officials in advance of President Donald Trump’s visit later this year…
Trump, Beijing won’t ground US deals: HNA chief
It’s faced regulatory hurdles at home, seen its ownership structure brought into question and must contend with a White House populist detrmined to keep American businesses out of Chinese hands. Yet the CEO of China’s…
China and the World Bank Officially Launch the Health Reform Program-for-Results
The Health Reform PforR will support the health service delivery transformation and the scaling up of reform pilots to improve the quality and efficiency of healthcare services in China’s Anhui and Fujian provinces The largest…
China continues shadow banking crackdown with Guangzhou raid
The Chinese Government has continued its assault on the country’s shadow banking sector following the shutdown of an illegal operation on September 26 in Guangzhou. The organisation, which was operating out of a food market…
