BEIJING China’s April non-financial outbound direct investment (ODI) fell 71 percent from a year earlier as the government maintained a tight grip on funds leaving the country despite a high-profile outward push through the Belt…
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China Cannot Finance the Belt and Road Alone
There is no doubt that Asia needs infrastructure. The Asian Development Bank (ADB) recently increased its already very high estimates of the amount of infrastructure needed in the region to 26 USD trillion in the…
Goldman Builds China Financial-Stress Index and, Yes, It's Risen
Economic growth hit can be limited if stress dissipates fast With China’s leadership focused anew on curbing the economy’s leverage, Goldman Sachs Group Inc. analysts are rolling out a new gauge of stress in the…
BRIEF-China Finance Online says CFO Jeff Wang resigned
* China finance online co ltd – has started conducting a search for a new chief financial officer. Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles Next In Market…
No timetable set for Ant Financial listing
“We do not set a concrete timeline for the IPO,” said the company in a text reply to China Daily. Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan…
China Pumps $24.7 Billion Into Financial System — Update
SHANGHAI – China’s central bank made its biggest one-day cash injection into the country’s fragile financial markets in nearly four months Tuesday, a fresh sign that Beijing is trying to mitigate the damage to investor…
As China Pumps Liquidity, Concerns Over Financial Tightening
As China is reported to have pumped $24.7 billion of liquidity into its financial system Tuesday to boost investor confidence, an HSBC report dives deeper into concerns regarding financial tightening among Chinese economic thinkers. On…
China capable of maintaining financial market stability: Premier Li
Chinese Premier Li Keqiang said Sunday the country is capable of maintaining financial market stability and warding off regional and systemic financial risks. China will strike a balance between financial stability, gradual deleveraging and stable…
New Bank Serves As Financial Catalyst For Central Asia’s “Belt And Road” Development
Regional experts believe the reluctance of the United States, EU and others to give Beijing more of a say in the operations of existing financial institutions was a significant factor in prompting China to push…
China banking regulator tightens rules on WMPs, flags more curbs
SHANGHAI China’s banking regulator is tightening disclosure rules on lenders’ wealth management products (WMP) as it tries to track risky lending practices in the shadow banking sector, the latest in a series of steps by…
China's Xi outlines plans for wide co-operation in trade plan
But he expressed hope governments taking part in the initiative will co-ordinate policy in finance, law enforcement, technology and education — areas where China’s status as the biggest Asian economy would allow Beijing to dominate.…
China central bank's net FX sales fall to nearly two-year low in April
BEIJING Net foreign exchange sales by China’s central bank fell to the lowest in nearly two years in April as capital outflows eased in the face of strict regulatory curbs and a pause in the…
China's central bank sets up fintech committee
BEIJING China’s central bank has set up a fintech committee to study the impact of fintech on monetary policy, financial market, financial stability, payment and clearing. The People’s Bank of China (PBOC) made the announcement…
