VANCOUVER—Royal Bank of Canada customers who wish to wire payments to Taiwan will find it listed as a “province of China” on its website. The bank’s designation is coming to light after a similar move…
Tagged By financials
Exclusive: Pakistan seeks economic lifeline with fresh China loans
Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year ending in June, according to recent disclosures by officials and Pakistan finance ministry data reviewed by…
Tesla hires new chief financial officer for China
(Reuters) – Tesla Inc (TSLA.O) on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as…
China curbs banks’ liquidity risks with new rule
The rule will take effect from July 1, with three news indicators introduced to gauge liquidity risks, according to the China Banking and Insurance Regulatory Commission. One of the three new gauges is the net…
NZ tourist visas for Chinese bank’s clients fast-tracked
More than half of some Bank of China clients who applied for a tourist visa had it approved within one business day in the past two years, after an agreement to fast-track them. Immigration New…
Foreign companies ready to enter financial market
They may prefer setting up joint ventures as a path to the core of the financial sector. The People’s Bank of China said that last year domestic payment institutions processed 169 trillion yuan (£19.6 trillion),…
NZ visas for Chinese bank’s clients fast-tracked
… introduced a streamlined visa process for the bank’s private banking or prestigious wealth management customers two years ago. It has since also signed a similar deal with China UnionPay for its Platinum or Diamond…
Pakistan, China currency swap to promote bilateral trade: Says PBC
BEIJING: The People’s Bank of China, the country’s central bank, said Thursday it had extended a currency swap agreement with the State Bank of Pakistan. The swap is sized at 20 billion yuan (3.1 billion…
Is the day of reckoning coming for China’s corporate bond market?
The defaults continued in May. While the amounts are a drop in the bucket of the overall industry, analysts said defaults were set to grow this year and beyond as China’s central bank tightened up…
China gives Pakistan $1.6 billion credit line to boost currency reserves – central bank sources
ISLAMABAD (Reuters) – China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting…
Bank of China uses blockchain technology to combat poverty in Tibet
According to a survey conducted by the World Bank in 2015, more than 700 million people are living without sufficient money to fulfill their basic necessities or afford a considerably comfortable in a society like…
Deutsche Bank to slash more than 7,000 jobs; chairman survives revolt – as it happened
Umpteen thousands of Deutsche Bank workers will be more concerned about their own … With trade war fears with China still circulating, Trump aggravating the global community with potential tariffs on the automobile industry and…
UBS combines China, Hong Kong banks as it appeals to keep licence to sponsor Hong Kong IPOs
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
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