YOKOHAMA, Japan Chinese Finance Minister Xiao Jie skipped a trilateral conference with his Japanese and South Korean counterparts on Friday to attend an emergency domestic meeting, a senior Japanese finance ministry official said. The Japanese…
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Japan, China, S.Korea pledge to resist protectionism
YOKOHAMA, Japan Finance leaders of Japan, China and South Korea agreed to resist all forms of protectionism in a trilateral meeting on Friday, taking a stronger stand than G20 major economies against the protectionist policies…
China finance minister departs for Japan after missing trilateral meeting: China finance ministry official
BEIJING China’s finance minister, Xiao Jie, departed for Japan on Friday afternoon after missing a trilateral meeting with officials from Japan and South Korea, an official in the news department of China’s Ministry of Finance…
Chinese finance minister skips trilateral meeting with Japan, Korea
However, he said Xiao should be able to join a bilateral Japan-China finance dialogue scheduled for Saturday, in which the two sides are expected to discuss their economic cooperation. The trilateral meeting was held on…
China to let firms tap stock markets for new Silk Road projects
BEIJING China will allow firms to tap domestic and overseas stock markets to finance projects related to the “One Belt One Road” initiative, a senior securities regulator said in comments seen on Friday. Chinese President…
Sandstorm leaves Beijing with yellow skies & ‘beyond index’ pollution (PHOTOS)
Although the Finance Ministry says the budget to combat smog was boosted by 250 percent this year to US$5.8 million, the problem is worsening. Beijing’s PM2.5 readings surged by 27 percent over the first quarter…
China requires large banks to set up inclusive finance divisions in 2017
BEIJING – China’s large commercial banks have been asked to set up inclusive finance departments to support small companies, agriculture, poverty relief and entrepreneurship in 2017. Large banks should become the backbone in the development…
Commentary: China means business with its tough financial regulation
BEIJING, May 4 (Xinhua) — China is in the midst of what proponents are heralding as its harshest crackdown on financial risks in history: a campaign that is by no means a fleeting gesture. This…
China’s Push to Stabilize Financial System Leaves Markets in Disarray
BEIJING—A wave of regulations aimed at cutting risk in China’s financial system are rippling through the country’s markets and sending banks and companies scrambling for funds. During the past month, Chinese shares have fallen nearly…
China moves to correct irregular local govt financing
BEIJING – China is moving to correct irregular behavior in the fundraising of local governments as part of efforts to rein in financial risks amid a firming economy. In a notice released Wednesday, the Ministry…
Asian lending bank sees no need to compete with China's AIIB
Speaking as the ADB began its annual meeting Thursday in Yokohama, Japan, Nakao told reporters he hopes for more cooperation with the Beijing-backed Asia Infrastructure Investment Bank. “We can complement each other,” Nakao said. “The…
China's Ant set to ink $3.5 billion loan to help fund MoneyGram bid – Basis Point
HONG KONG China’s Ant Financial, an affiliate of online shopping giant Alibaba Group (BABA.N), is close to signing a $3.5 billion loan a part of which will help fund its purchase of U.S. money transfer…
Chinese firm becomes Deutsche Bank's biggest shareholder
China Inc. has just become the largest investor in Germany’s biggest bank. HNA Group, a deal-hungry Chinese conglomerate, now owns almost 10% of Deutsche Bank (DB), according to a filing Tuesday. That means it has…
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