People cross a street near office towers in the Lujiazui financial district, ahead of the National People’s Congress (NPC), in Shanghai, China, February 28, 2023. REUTERS/Aly Song BEIJING, March 16 …
Tagged By finance
China will establish central financial commission – state media
BEIJING, March 16 (Reuters) – China will establish a central financial commission and also a Central Financial Work Commission, state media reported on Thursday, as part of its party and state …
China Blames US Bank Woes on Bad Regulation, Political Bickering
“The flip-flopping of financial supervision due to domestic political disputes was totally exposed in this incident,” it added, referring to Trump-era rules that freed mid-sized firms from some strict …
Beijing bourse gov’t bond sales top 1.4 trln yuan
The Beijing Stock Exchange (BSE … The BSE said that it will officially launch government bond trading when all preparations are fully in place. Finance Ministry places UAH 13.8 billion worth of …
Asian stocks fall after Wall St sinks on new bank fears
BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders.
China, Hong Kong stocks fall as growing banks turmoil unnerves investors
Hong Kong, Mar 16 (Reuters) – China and Hong Kong stocks fell on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender …
UPDATE 1-China will reduce number of high-risk institutions, defuse ‘bombs’ – central bank
BEIJING, March 15 (Reuters) – China will steadily reduce the number of high-risk institutions to help fend off systemic financial risks，its central bank said on Wednesday Reforms of problematic small …
Taiwan warns Honduras against ‘poison’ of aid from China
Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday the decision to switch allegiance to China was partly because Honduras was “up to its neck” in financial challenges and debt – …
China’s financial institutions’ assets rise in 2022
BEIJING, March 15 (Xinhua) — China’s financial institutions saw a steady expansion in assets by the end of 2022, official data showed Wednesday. The country’s financial institutions saw their …
China’s central bank warns against US, Western ‘suppression’
It is unusual for the central bank to comment on foreign policy given its responsibility is finance, suggesting that China is signalling it is ready to deploy a wide range of countermeasures in …
Bipartisan politics real cause of banking woes: China Daily editorial
The closure of Signature Bank on Sunday further fueled panic over the financial health of the country’s banking system, even after the Joe Biden administration took emergency measures to guarantee …
Silicon Valley Bank collapse sounds alarm in China over financial risk amid push for tech innovation
“We must design a business model that can cover the potential loss in supporting scientific and technological innovation enterprises,” he wrote in an article published on Tuesday by China Finance 40.
Bank Failure a Headache for China’s Tech Sector
It’s not clear where Chinese firms will move their money now that their ‘go-to’ tech bank collapsed. Asian markets breathed the sigh of a relief rally on Wednesday, as the fallout from the failure of…
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