BEIJING, July 6 (Xinhua) — China’s central bank Thursday suspended open market operations for a tenth trading day in a row, citing a relatively high level of liquidity in the banking system. With 70 billion…
Tagged By finance
After year-long wrangle, China sets date to confront financial risks
Beijing will hold a long-delayed key financial work conference this month, putting the focus on financial security in the run-up to an expected changing of the top Communist Party guard later this year, sources and…
China’s shadow banking lacks sufficient regulation: central bank
BEIJING 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 opaque nature of shadow…
China central bank doubles June liquidity injections to avert cash crunch
BEIJING China’s central bank injected a net 99.5 billion yuan ($14.65 billion) into the financial system via short- and medium-term liquidity tools in June, up 95 percent from the previous month, to ease tight cash…
China presents fresh risks 20 years after Asian Financial Crisis: Experts
Asian countries have recovered after the 1997 Asian Financial Crisis, but China is presenting fresh risks, analysts said. A credit boom and high debt levels in China contribute to danger of a financial crisis, analysts…
China slams US for ‘wrongful’ sanctions on Chinese bank
BEIJING: Relations between China and the US got further strained as the Trump administration censured a Chinese bank and a shipping company for allegedly assisting North Korea besides approving a major arms sale to Taiwan.…
US risks angering China as it blacklists bank over dealings with North Korea and sells weapons to Taiwan
US Treasury Secretary Steve Mnuchin announces measures taken to maximize pressure on North Korea to abandon its weapons programmes Kevin Lamarque/Reuters The Trump administration has hardened its approach to China, blacklisting a small Chinese bank…
China’s ICBC says checks of loans to big acquirers are routine
BEIJING Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended…
USA blacklists China bank, revving up pressure over NKorea
The new sanctions against one Chinese bank, one Chinese business and two Chinese individuals are not a total surprise. On Twitter, Trump said China’s efforts on North Korea have “not worked out”. It is pertinent…
China’s markets could CRASH and send shockwaves around the world, economists warn
Experts say the authorities must press on with trying to clean up debt. Ms Beamish said China is likely to dodge full-scale financial armageddon but said reckoning will come. She added: “If China’s policymakers do…
China exposes US$120 million local government debt scandal
A fresh scandal involving 818 million yuan (US$120 million) of murky local government debt has been exposed by China’s finance ministry, in another demonstration of Beijing’s determination to clean up the troublesome sector. The municipal…
U.S. sanctions Chinese bank for helping North Korea finance nuke program
“The designation will make reputable Western banks ask questions about larger financial institutions in China,” said Ruggiero, who is now a senior fellow at the non-profit Foundation for Defense of Democracies. Predictably, the Chinese communists…
Blacklisted China bank cited as a N. Korea conduit to global finance
BEIJING–Washington’s move to shut off Bank of Dandong from the U.S. financial system punishes a small regional Chinese lender with what U.S. authorities say has been an outsized exposure to North Korea and its banned…
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