Chinese financial markets are having another wild session on Tuesday. Both stocks and the Chinese yuan are off their earlier lows. The recovery was unusually abrupt. China’s “National Team” may be con… ( read original…
Tagged By financials
China’s finance ministry calls out Xiaomi over accounting errors
BEIJING (Reuters) – Chinese authorities on Tuesday said smartphone maker Xioami Corp made errors in its accounting, sending the company’s Hong Kong-listed shares down amid a wider sell-off of … ( read original story …)
Beijing will play the long game on the renminbi
A suite of reforms has encouraged investment in the domestic financial sector, especially fund management. Success in attracting actively managed capital has so far been patchy but Beijing has made si… ( read original story…
Early indicators show China’s economic slowdown worsened again in October
China’s economic growth continued to slow in October … including steps to boost liquidity in the financial system, new tax deductions for households and targeted measures aimed at helping exporters. … ( read original story…
Beijing planing to set up new banking system for financial, banking coop. with Tehran
Establishment of this alternative banking system is underway, so that banking experts of the two countries have thus far held several meetings in this regard. Given the above issue, China’s Bank of Ku… ( read…
Iran-China to create new banking mechanism
Beijing, Oct 29, IRNA – Regarding the possibility of severing ties between Iranian businessmen and Bank of Kunlun, Beijing plans to set up a new banking mechanism to continue its financial and banking … (…
Global banks curb China travel after UBS private banker stopped from leaving
HONG KONG (Reuters) – Several global banks including Citigroup (C.N) and Standard Chartered (STAN.L) have asked their private banking staff to postpone or reconsider travel to China after … ( read original story …)
China 2025 Plan Remains a Stumbling Block as Trump Meeting Looms
(Bloomberg) — China’s state-sponsored push to dominate technologies of the future looms as one of the biggest stumbling blocks to prospects for resolution to the U.S. trade war. Officials from both s… ( read original…
China Regulator Urges Beijing Banks Not to Force Liquidation of Pledged Shares: Yicai
SHANGHAI (Reuters) – China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilize the country’s stock … ( read original story…
China regulator urges Beijing banks not to force liquidation of pledged shares
(Bloomberg pic) SHANGHAI: China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilise the country’s stock m… ( read original story…
Beijing ‘will not use yuan as trade war weapon’ as it hits two-year low of 6.97 to US dollar
The US’ Federal Reserve Board is raising rates, while China’s central bank is leaning towards monetary easing. However, Pan reiterated on Friday that Beijing had no plans to allow a sharp fall in the ……
Swiss bank UBS says ‘business as usual’ in China
Swiss banking giant UBS said Tuesday it was “business as usual … The wealth manager, who focuses on China, delayed her return from Beijing to Singapore last week after she was asked to meet with…
China mints two new billionaires a week as Asia is set to overtake US as billionaire hotspot
China is set to overtake the US as the global hub for billionaires, according to a new report from UBS and PwC. China now has the highest concentration of billionaires outside the US, according to…
