China’s former central bank governor Yi Gang said on Friday the country should focus on fighting deflationary pressure as the world’s second-biggest economy struggles to lift-off despite a raft of …
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China Ex-Central Bank Governor Makes Rare Nod to Deflation Worry
Former People’s Bank of China Governor Yi Gang said his nation should focus on fighting deflation, in a rare admission by a prominent figure in China that falling prices are threatening the country’s …
Shanghai firms to merge to create China’s largest brokerage
Two of China’s biggest state-backed brokerages are to merge, creating a group with assets of $230bn that will lead a domestic industry under growing pressure to consolidate against a weaker economic backdrop.
China-Owned Brokerages Plan Merger to Create $228 Billion Entity
Two China-owned financial institutions have agreed to merge, creating an entity with $228.28 billion in assets, as Beijing pushes to strengthen its domestic financial market.
China Creates $230 Billion Brokerage to Take on Wall Street
China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7 trillion sector and build stronger investment banks to compete with overseas financial firms.
China’s tax invoice reforms aim to force companies to clean up their books
China is aiming to digitize its tax-invoicing system as part of the government’s efforts to raise more revenue and limit instances of tax evasion committed by companies, including those in the seafood sector.
China targets ‘green infrastructure’ deals in $50B pledge to Africa
China has inked several green infrastructure deals with African countries pledging $50 billion to the continent.
China promises Africa US$50 billion to finance infrastructure and trade
China has pledged more than US$50 billion to Africa in financing that will deepen cooperation in infrastructure and trade with the continent over the next three years.
China’s Country Garden removes PwC as auditor
Country Garden Holdings on Thursday said PricewaterhouseCoopers (PwC) has resigned as its auditor following the property developer’s recommendation, making it the latest Chinese company to sever ties with the troubled auditing firm.
China Merges Two Brokerages to Create $230 Billion Giant
China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7 trillion sector amid a slump in deals. Most Read from BloombergThe Outsized …
Security and finance headline China’s pledges to Africa at FOCAC Summit
Chinese President Xi Jinping outlines 10-point plan to ‘turn China’s big market in to Africa’s big opportunity’.
China’s central bank sees room to cut reserve buffers to boost growth
China still has room to lower the amount of cash banks must hold as reserves while it faces some constraints in cutting interest rates, a central bank official said on Thursday, as it seeks to…
China’s Central Bank Sees Room to Lower Banks’ Reserve-Requirement Ratio
A Chinese central bank official raised the possibility of further relaxing the amount of reserves banks are required to hold but signaled that no aggressive monetary easing is in the pipeline amid …
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