The Shanghai Composite Index gained 1.1 percent to 3,386.47 at 9:57 a.m. local time. Industrial & Commercial Bank of China Ltd. advanced 2.8 percent after the central bank said it will reduce the amount of…
Tagged By finance
China’s Central Bank Could Adjust Policy Again, Goldman Sachs Says
China’s central bank could adjust monetary policy again in the coming months, in response to changes in the economy or the shifting agendas of top political leaders following the 19th Party Congress, according to Goldman…
China c.bank queries banks on MLF demand, expected to inject funds on Fri
SHANGHAI, Oct 9 (Reuters) – The People’s Bank of China (PBOC) asked some commercial banks on Monday about their demand for medium-term lending facility (MLF) loans, market sources with direct knowledge of the matter said.…
Outlook for S. Korea-China Currency Swap Uncertain
Korea and China sealed the swap deal three years ago, following two extensions in 2009 and 2014. The country first made the won-yuan currency swap in December 2008 as Korea sought to further prepare itself…
Cash is already pretty much dead in China as the country lives the future of mobile pay right now
Lack of red tape and a less developed financial system have apparently allowed mainland China to leapfrog the developed world into embracing mobile payments. Mobile payment volume in the country more than doubled to $5…
China Development Financial Holding Corp (2883) Increases 0.33% on Oct 8
Shares of China Development Financial Holding Corp (TPE:2883) last traded at 9.19, representing a move of 0.33%, or 0.03 per share, on volume of 6.12M shares. After opening the trading day at 9.2, shares of…
Outlook for Korea-China currency swap uncertain
The government and the central bank have asked the public to wait and be patient as they are working with China. “Our policy is we seek to extend the swap with China without setbacks, and…
China to finance more research projects on Africa
Chinese government now says it will inject more resources to finance research projects in order to understand the needs of the African people. The Beijing-based administration argues that only a clear understanding of the continent…
Rosneft Looking to Double Crude Exports to China
Russia’s biggest oil producer, state-controlled Rosneft, is aiming to almost double its crude oil exports to China through Kazakhstan, Reuters reported on Friday, citing three industry sources, in what could be yet another sign that…
Beijing has started putting strong pressure on Riyadh to start accepting yuan payments for oil instead of dollars.
This set a course for a global economic system based on financial instruments like derivatives and other … and like Egypt seems to be looking with favorable regard towards Moscow and Beijing. In the Middle…
Provost Thomas Burish to lead visit to China, celebrate opening of Beijing Global Gateway
“The Beijing Global Gateway is a vital part of Notre Dame’s … and meetings between Notre Dame and Balkh University in Afghanistan as they develop a master’s program in finance and accountancy for Balkh, funded…
Greyerz – China & Russia Positioning To Collapse US Dollar As Global Financial War Heats Up
Eric King: “Egon, KWN has had a lot of coverage from Stephen Leeb and Hugo Salinas Price about the gold-backed oil exchange that will be setup in China. What are your thoughts on how that’s…
China Likely To License Bitcoin Exchanges To Resume Trading
and Anti-Money Laundering (AML) systems.The People’s Bank of China, local financial regulators, and the Chinese gov Full story on wn.com ( read original story …)
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