“At present, China’s economic and financial operations are generally stable, but the complexity of the situation cannot be underestimated,” the People’s Bank of China (PBOC) said. Bank lending is on pace to top 2015’s record…
Tagged By financials
China to relax curbs on foreign investment in financial sector
BEIJING China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease some…
China business confidence index rises for third straight quarter – central bank survey
BEIJING (Reuters) – Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People’s Bank of China published on Thursday. The entrepreneurs’ confidence index rose…
China slashes first round of oil products export quotas – sources
BEIJING (Reuters) – China has cut oil product export quotas to the nation’s four oil majors by 40 percent in the first round of licences for 2017, according to two sources who have seen the…
IGM Financial investing $468-million for 10% stake in China AMC
The Mackenzie unit of IGM Financial Inc. has agreed to pay the equivalent of $468-million to buy a 10-per-cent interest in China Asset Management Co., Ltd. The Winnipeg-based firm says the China AMC deal will…
China to increase fiscal spending, cut taxes in 2017: ministry
BEIJING China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year’s agenda. “Make fiscal policy…
IGM Financial investing $468 million for 10% stake on China Asset Management
WINNIPEG – The Mackenzie unit of IGM Financial Inc. (TSX:IGM) has agreed to pay the equivalent of $468 million to buy a 10 per cent interest in China Asset Management Co., Ltd. The Winnipeg-based firm…
What it means if Trump names China a currency manipulator
WASHINGTON (AP) — President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem – it’s not true anymore. China, the world’s second-biggest…
Baby boom after China ends one-child rule
Now China is undergoing a minor baby boom … asking endless questions to decide if it was worth the risk of having another child at their age. “Due to financial reasons, most people don’t want…
China to keep fiscal support for supply-side reform
BEIJING — China will maintain fiscal support for supply-side structural reform next year, according to the Ministry of Finance (MOF) on Thursday. The MOF will help cutting industrial capacity, reducing the housing inventory, lowering leverage…
China's central bank denies yuan broke 7.0000/dollar on Dec. 28 – microblog
BEIJING China’s central bank on Wednesday rejected a media report that the yuan had weakened beyond the 7.0000 per dollar level in the onshore market on Dec. 28, calling the report “irresponsible”. The yuan traded…
China’s Currency Drops But Pressure Still Builds
What was notable about China’s currency in 2016 wasn’t that it had its worst … taking the currency on a round trip to levels last seen before the global financial crisis. But in the grand…
China Authorities Propose Tighter Rules on How Insurers Invest in Stock Market
Chinese authorities are proposing tighter rules governing how insurers invest in the stock market, in an effort to keep check on practices they believe put the country’s broader financial system at risk. Proposals released by…
