BEIJING China’s central bank injected a total of 763.71 billion yuan ($112.8 billion) via short- and medium-term liquidity tools in October, its data showed on Tuesday, as it seeks to support credit expansion and the…
Tagged By finance
Breakdown: Gauging the risks of a China crisis
BEIJING (Reuters Breakingviews) – Can China avoid a financial crisis? That’s the question facing regulators and investors after a rapid rise in leverage in the world’s second-largest economy. The links between the official banking system…
Australia and China agree to share financial crime intelligence
BEIJING/SYDNEY (Reuters) – Australia and China agreed on Tuesday to share intelligence about potential financial crime as part of a crackdown on cross-border money laundering and terrorism financing, as Australian Justice Minister Michael Keenan visits…
China's domestic travel boom brings rush of start-up airlines, jet orders
ZHUHAI, China (Reuters) – China’s appetite for planes and pilots is building up, whetted by a slew of new airlines launched in the last three years as local governments, private firms and larger carriers fight…
China sales warning for A2, Bellamy’s
A2 Milk and Bellamy’s generated $NZ38 million and $A62 million respectively in direct China sales in 2016 financial year, and Citi estimates that will rise to $NZ222 million and $$371 million respectively by 2019 financial…
Global trade has made peace important to China, academic argues
WHILE things continue to heat up in the South China Sea, one academic has highlighted exactly what China has to lose from annoying its neighbours. Dr Xiang Bing, the founding dean of the Cheung Kong…
China-based Property Developer Zall Group Becomes Controlling Shareholder of Leading Chinese Agricultural E-commerce Platform
US13 billion). As the pioneer of vertical ecommerce in China, SinoAgri E-Commerce has formed a diverse income structure including transactions, trading, finance, storage and logistics, which has been consistently profitable and is now demonstrating rapid…
France, China to set up joint investment fund for overseas projects
CHINA TO OPEN MARKET FURTHER Business groups and Western officials have pointed out that restrictions on foreign companies in Chinese industries, such as financial services, healthcare and logistics, are often far greater than what Chinese…
Chinese Banks’ ‘Scramble’ for Profit Sees Bad-Loan Buffers Slide
Two of China’s biggest banks, Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and Construction Bank…
China Banks Test Regulator’s Tolerance by Cutting Crisis Buffers
Two of China’s biggest banks, Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and Construction Bank…
China Construction Bank’s Bad-Loan Buffer Slips Below Minimum
China Construction Bank Corp. ground out a 1.3 percent gain in quarterly profit — by letting its bad-loan buffer fall below a regulatory minimum. The lender’s loan-loss coverage ratio was 148.8 percent, less than the…
China’s industrial bank willing to provide finances for industrial projects along CPEC
Industrial and Commercial Bank of China (ICBC) has shown its willingness to support Pakistan in boosting its industrial growth, under the China-Pakistan Economic corridor’s package. The Bank’s officials said here on Thursday that the Bank…
China regulator tells banks to boost property loans risk management
BEIJING China’s banking regulator has asked lenders to step up risk management of property loans amid record gains in house prices that have raised concerns of price bubbles and ballooning debts. Controlling real estate business…
