The members of the board of Directors (the "Board") of China Minsheng Banking Corp., Ltd. (the "Company") are set out below. The Board has established 6 committees. The table below provides membership information of these committees on which each Board ... ( read original story ...)
German carmakers join American farmers on front line of U.S.-China trade war
No other products have been listed twice and it now faces cumulative import duties of 71 percent, not including value added tax, according to a formula published on the website of China's finance ministry last week. Story Continues Chinese shares fell 1.2 ... ( read original story ...)
FS meets financial officials
Financial Secretary Paul Chan met senior financial officials in Beijing today. He first met Deputy Governor of the People's Bank of China Pan Gongsheng. They discussed the maintenance of financial stability, the internationalisation of the renminbi and the ... ( read original story ...)
What types of energy does China finance with its development aid?
China has been steadily intensifying its economic and strategic relations with developing countries in recent years. Through deepening trade ties, large-scale infrastructure financing and its ambitious vision to create ‘seamless connectivity’ through ... ( read original story ...)
Chinese media denounces Trump trade moves as Beijing touts sincerity
BEIJING (Reuters) - The Trump administration has "blood lust ... China has accused the United States of "extreme pressure and blackmailing" and vowed to retaliate, and financial markets have been hit hard by the escalating trade dispute. ( read original story ...)
Hexindai : Joins Nandu Finance Digital Union to Aid Transformation of China Financial Services Industry
BEIJING, June 20, 2018 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced that it has been officially accepted as a member of the Nandu Finance Digital Union (the ... ( read original story ...)
Beijing looks to lead in cultural creative sector
Beijing’s deputy Party secretary, while the opinion includes 19 supportive policies aimed at providing financial support for existing and planned demonstration parks. Support will cover areas including infrastructure, public services, financial services ... ( read original story ...)
China central bank expects banking system liquidity to rise further from current level
SHANGHAI (Reuters) - China’s central bank said on Thursday that it expects liquidity in the banking system to increase further from current levels. The remarks were made by the People’s Bank of China (PBOC) after it injected 100 billion yuan ($15.43 ... ( read original story ...)
Major Chinese lenders made illegal loans, Beijing’s audit office says
Violations by Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), Agricultural Bank of China Ltd (AgBank) (1288.HK)(601288.SS), and China CITIC Group Co., Ltd included providing loans, discounted bills and gold leases to unqualified companies ... ( read original story ...)
Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate
A higher midpoint rate by the central bank on Tuesday showed Beijing was trying to stabilise the exchange rate. On the mainland, turbulence in the capital and money markets is seen as a serious issue that can cause social disorder. On Tuesday, the ... ( read original story ...)