China’s central bank drained liquidity from the financial system as it suspended open market operations Friday due to a fiscal spending increase. As rising fiscal spending near the end of month has offset maturing reverse…
Tagged By finance
MICROCAPITAL BRIEF: Peer-to-peer Lender HuaXia Finance of China Launches Escrow Services with Ping An Bank
HuaXia Finance, an online peer-to-peer lender in China, recently began holding customer funds at Ping An Bank, a Chinese bank, under a “formal online banking depository management system” in order to comply with tightened requirements…
What China Ban? Cryptocurrency Market Cap Rebounding
China’s central bank banned ICOs on Sept. 4 and later banned all bitcoin exchanges from operating in the country. China’s ban is likely temporary. The U.S. and Japan are quickly moving to create rules that…
PH, China thresh out $200-m bPanda bonds
Dominguez said in a statement the government was in talks with the Chinese central bank (People’s Bank of China) and the Bank of China. “The Panda bond market is regulated by China’s central bank, PBOC.…
China Life’s Revenues Grow on Premiums, Higher Costs Hurt
The recent interest rate hikes have aided China Life along with other companies like The Hartford Financial Services Group, Inc HIG, CNO Financial Group, Inc CNO, Renaissance Holdings, Inc RNR by boosting their investment results.…
Beijing-backed bank to invest in IFC fund
BEIJING, Sept. 28 (Xinhua) — The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)’s Emerging Asia Fund to address the infrastructure gap in…
Chinese ship finance to the fore
[cat_name] => Finance and Insurance [category_nicename] => finance-and-insurance [category_parent] => 54 ) [2] => WP_Term Object ( [term_id] => 77 [name] => Greater China [slug] => greater-china [term_group] => 0 [term_taxonomy_id] => 77 [taxonomy ……
Belt and Road: China’s new green finance laboratory
Considering its size, it is easy to forget China’s green bond market is still in its infancy. It took off only in 2016 — when, from almost nothing, issuance of green bonds rocketed to $36bn,…
UK the riskiest market after China, say finance and tech firms
Political and economic uncertainty emanating from the Brexit vote have contributed to make the UK the second riskiest market in which to do business – after only China – according to a new survey of…
China Financial Services Holdings Ltd (0605) Dips -2.99% on Sep 29
Shares of China Financial Services Holdings Ltd (HKG:0605) last traded at 0.65, representing a move of -2.99%, or -0.02 per share, on volume of 446,000 shares. After opening the trading day at 0.66, shares of…
North Korean firms in China ordered to close by January
Branches of China’s biggest banks have told AFP that they have suspended financial transactions for North Koreans, a measure that is not required under UN sanctions. ( read original story …)
China outbound M&As seen picking up on hopes of eased capital outflow curbs
Such was the buying that China’s government began placing restrictions on overseas deals to stop huge outflows of funds destabilizing the yuan. The yuan has since stabilized, while China’s foreign reserves have risen. The government…
China Analysts’ Cut-Throat Fight for $1 Million Paycheck
A million-dollar paycheck might not turn heads on Wall Street, but it’s a tidy sum in China, where the financial industry is still dominated by government-owned institutions with a history of conservatism on pay. In…
