China doubled the limit of one of the main foreign investment channels into the world’s second biggest economy, continuing to open up its financial system even as the country’s trade war with the U.S. ……
Tagged By financials
Why Trump’s America is rethinking engagement with China
The detention of Meng Wanzhou, chief financial officer of Huawei, was extraordinary because the US justice department had not told the White House about the warrant to arrest the daughter of the found… ( read…
China’s US trade surplus hit record in 2018 but tariffs bite
China traditionally imports vast quantities of American soybeans … in order to keep employment, the financial sector, foreign trade, foreign investment” stable, Li said, adding there are some “hidde… ( read original story …)
China outlines tax cuts to stimulate economy
China will cut value-added tax rates for selected industries and provide tax rebates for others as part of its efforts to boost a slowing economy. Xu Hongcai, assistant to the finance minister, outlin… ( read…
China’s finance ministry says will step up fiscal expenditure this year
BEIJING (Reuters) – China’s finance ministry said on Tuesday that it will step up fiscal expenditure this year and implement larger tax and fee cuts. At the same time, the government said it will redu……
China central bank says RRR cut and reverse repo operations meant to keep liquidity ample
SHANGHAI (Reuters) – Cash injection through reverse repo operations in China and funds released from cuts to the reserve requirement ratio (RRR) were “meant to keep banking system liquidity reasonably … ( read original story…
China’s Big Banks Throw a $22 Billion Test at Hybrids Market
That includes what could be the largest such offering China’s domestic market has ever seen: Bank of Communications Co.’s 60 billion yuan issue. The fundraising total would be twice the amount raised … ( read…
China’s Banks Can Handle a Rate Cut
Bank stocks in China are underperforming, a sign the market is worried about them. Should you be? Banks make up a big part of indexes for onshore Chinese stocks and are therefore in many portfolios…
China corruption watchdog to target health, education and the financial sector in 2019
China’s anti-corruption crackdown will this year focus on education, medical care, environmental protection and other major areas of concern to the public. The Communist Party’s Central Commission for … ( read original story …)
Bank of China to enable payment in yuan on US e-commerce platforms
BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on US e-commerce platforms this year, the official Xinhua news agency … (…
China’s banking regulator imposes record high penalties in 2018
BEIJING, Jan. 12 (Xinhua) — China’s banking watchdog imposed over 3,800 penalties in 2018, a record high. Lending to the real estate sector is a key area for regulation, with over 30 banks punished f……
Look to US, not China for the 2019 financial crisis. Here’s why
After a panicked end to 2018 in the financial markets, and a jittery start to the new year, an increasing number of investors, analysts and economists are beginning to warn about “the crisis of 2019”,…
If China Tech Thought 2018 Was Bad, Wait Till This Year Unfolds
China’s deceleration will create ripple effects across the … Things started going off the rails in the second half of last year as Huawei Technologies Co. finance chief Meng Wanzhou and JD.com Inc.’ … (…
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