BEIJINGChina posted a preliminary current account surplus of $71.2 billion in the third quarter of 2016 and a deficit of $71.2 billion on its capital and financial account, the country’s foreign exchange regulator said on…
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Russia eyes unified payment systems with China: PM
MOSCOW (Reuters) – Russia wants a mutually-compatible payments system with China in order to reduce the risk from further financial sanctions by the West, Prime Minister Dmitry Medvedev said in an interview published on Friday.…
AIFC delegation visits China
BEIJING-SHANGHAI. KAZINFORM From 3 to 5 November 2016, a delegation of the Astana International Financial Centre visits the People’s Republic of China to meet with the Chinese financial institutions, Kazinform correspondent reports. The delegation met…
China Foreign Exchange Trade System joins R3
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to ……
China to allow 'reasonable' local government financing needs
“Local governments will continue to issue bonds to replace the existing debt to help reduce interest burdens, ease debt repayment pressure and guard against financial risks,” it said. China’s overall debt has jumped to more…
National Bank of Canada in inaugural panda bond sale
Canadian banks have historically not been as big in the China sphere – panda bonds give you an onshore hedge, so it is really whether you need the RMB,” said Keith Pogson, a Hong Kong-based…
China actively pushing forward property tax reform – finance minister
BEIJING (Reuters) – China is actively pushing forward reforms on property taxes as it overhauls its fiscal system, Finance Minister Lou Jiwei said in written comments at a forum on fiscal policy in Beijing on…
China October data seen offering more signs of stability, room for reforms
Vice finance minister Zhu Guangyao said this week that China’s debt is under control, but warned that challenges remain, while the IMF said in August that the country’s debt load is unsustainable. Analysts are expecting…
China's Central Bank Has New Tools to Cool Frothy Money Markets
While you wait for the next interest-rate increase in the world’s largest economy, policy has quietly tightened in the second-biggest: China. The People’s Bank of China has allowed a steady increase in money market rates…
China Construction Bank gets Malaysian banking licence
PETALING JAYA: China Construction Bank Corp (CCB), ranked as the world’s second-largest bank, has been granted a Malaysian commercial bank licence by the Minister of Finance. Bank Negara said the banking giant’s unit, China Construction…
Why China's Latest 'Financial Innovation' Might Not Work
Behold, the latest in Chinese financial innovation. That’s a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or…
Alibaba's Ant Financial Taps SE Asia's Multibillion-Dollar Mobile Payments Market
It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake…
China debt risks stoke internal debate over lowering 2017 growth goal
even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China’s debt has soared to 250 percent…
