In its Financial Stability Report released Tuesday, the central bank noted that Brexit, high levels of indebtedness in China and an increase in consumer credit in the U.K. as potential risks. According to the IIF,…
Tagged By finance
China’s traditional banks lose branding ground to internet rivals
In the early 1980s, people in China had a one-stop shop for all their banking needs: the People’s Bank of China. It was, in fact, the only bank in China at the time, as well…
China central bank to skip open market operations today: statement
SHANGHAI China’s central bank said it will skip open market operations for the third consecutive day on Tuesday as liquidity levels in the banking system were “relatively high”. “Fiscal expenditure were increasing towards the month-end…
Banking regulator vows to curb property bubbles
The China Banking Regulatory Commission on Friday reiterated its determination to contain property bubbles in “some” regions, Securities Daily reported. Guo Shuqing, chairman of the banking regulator, urged banks to carry on differentiated mortgage loan…
Contenders vie to take up mantle of Chinese central bank reforms
Every public appearance by Zhou Xiaochuan could potentially be his last as China’s central bank governor. After a remarkable 15 years at the helm of the People’s Bank of China — the longest of any…
Quick Take: China Warns Against Banks’ Improper Tactics to Amass Deposits
(Beijing) — Deposit-hungry Chinese lenders should refrain from using improper tactics to solicit deposits from government offices and state-owned enterprises, the country’s banking regulator warned Monday. The China Banking Regulatory Commission (CBRC … ( read…
StanChart-backed China Bohai Bank seeks market listing
DALIAN, China China Bohai Bank Co [BOHAI.UL], one of the country’s 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in…
China banking assets up 12.5 pct y/y at end-May
BEIJING, June 27 (Reuters) – The value of assets held by China’s banking sector rose 12.5 percent to 232.89 trillion yuan ($34.18 trillion) as of end-May compared with a year earlier, the China Banking Regulatory…
China launches five ‘green finance’ pilot zones
SHANGHAI China has launched five pilot zones to promote “green finance” and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to…
Premier Li: China can control financial risks as debt rises
BEIJING — China’s top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting…
China industrial profits quicken in May, seen fading as finance costs rise
BEIJING Profits at China’s industrial companies surged 16.7 percent in May from a year earlier, accelerating from April and defying expectations of a slowdown in the face of rising borrowing costs and a cooling property…
China gives Ghana $2bn to finance one-district, one-factory – Veep
China has committed to support Ghana’s one-district, one factory (ODOF) policy with $2 billion. The China National Building Material Equipment Import and Export Corporation has signed a memorandum of understanding with the Association of Ghana…
Coal on the rise in China, US, India after major 2016 drop
China and the U.S. accounted for almost all the decline … everyone else is irrelevant in the scheme of things,” said Tim Buckley, energy finance director for the Institute for Energy Economics and Financial Analysis.…
