The Financial News article also comes after the central bank said in May that it was considering changing its mechanism for guiding the yuan’s value, an announcement widely interpreted as a sign Beijing would tighten…
Tagged By finance
China Focus: China’s central bank seeks stable liquidity as cash injection resumes
BEIJING, July 12 (Xinhua) — With resumed cash injection into the market, China’s central bank has sent a clear signal of maintaining stable liquidity, dispelling concerns about monetary tightening. The People’s Bank of China (PBOC)…
Auckland traffic “as bad as Beijing”
says Auckland transport needs could give the comparatively recent arrival in New Zealand banking an “unparalleled opportunity to grow”. “I am surprised the traffic jams in Auckland are as severe as Beijing,” he says. “People…
UPDATE 1-China’s shadow banking lacks sufficient regulation -c.bank
BEIJING, July 4 (Reuters) – China’s central bank said on Tuesday the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls. Compared with traditional bank lending, the…
China central bank adviser calls for zombie company clean-up fund
Beijing may currently favour megamergers when it comes to reform of state-owned enterprises, but at least one central bank adviser is suggesting a different approach to dealing with China’s lossmaking zombie companies. “Placement of employees…
Hong Kong, China most at risk of financial crisis within next three years, bank warns
Hong Kong and mainland China are the most vulnerable economies at risk of a financial crisis over the next three years as over 40 out of 60 economic indicators are sending alarm signals, including runaway…
China Is One Step Closer to Becoming a Cash-Free Utopia
In April, Ant Financial, Alipay’s parent company, teamed up with U.N. Environment and other partners to launch the International Cashless Alliance in Hangzhou. Part of an ambitious plan to help advance China into a cashless…
China Shows It Can Clean Up Credit Without Killing Off Growth
PBOC says less off-balance sheet lending has impacted M2 Credit’s still going to economy as new loan pace increases China’s monetary authorities are attempting a feat that would test the world’s best financial overseers: Damping…
China’s more open capital markets will aid its rise as a global financial hub
After a painful defeat by the Kuomintang in 1934, Mao Zedong ( 毛澤東) led the People’s Liberation Army on a series of marches across 9,000km of the Chinese hinterland. The journey would be called the…
China’s 28tr yuan of wealth management products under mounting stress in second half, analysts say
Wealth management products in China used to be a magical option for investors … at least for the banks that have bought into products issued by other financial institutions, analysts say. “Banks usually assume their…
China yuan loans rise, but credit slows
A senior banking regulator said last month that China’s recent steps to control financial risks have gained traction, as some riskier businesses carried out by banks have been contained. The People’s Bank of China switched…
UPDATE 1-China June new yuan loans rise, but credit growth seen slowing
A senior banking regulator said last month that China’s recent steps to control financial risks have gained traction as some riskier businesses carried out by banks have been contained. The People’s Bank of China switched…
Exclusive: Ant Financial refiles for U.S. approval of MoneyGram deal – sources
(Reuters) – Ant Financial, the affiliate of China’s Alibaba Group Holding Ltd (BABA.N) that agreed to buy money transfer company MoneyGram International Inc (MGI.O) for $1.2 billion, has resubmitted the deal for U.S. review, people…
