China’s apparent oil demand in October 2016 edged up by 1.1% from the same month last year to 11.12 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global…
Tagged By financials
Is China’s growing debt burden a crisis in the making?
(tmsnrt.rs/2hMAvzX) The story begins in 2009, when China launched a $600 billion economic stimulus program during the global financial crisis. It unleashed a wave of borrowing by state firms that is proving to be a…
China Hushen 300 index futures close higher Thursday
The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the contracts at 3,399 points. (This article…
Central bank adviser says China needs property tax: report
BEIJING China needs a real estate tax to control rising property prices and narrow the gap between rich and poor, Fan Gang, a member of the central bank monetary policy committee, was quoted as saying.…
China's cabinet names Harvard graduate as central bank vice governor
BEIJING China appointed Yin Yong, a Harvard-educated official, on Tuesday as a vice governor of the People’s Bank of China, replacing Guo Qingping. The State Council announced the promotion of Yin, who has been an…
China bank calls guarantee documents ‘fake’
The fate of a defaulted $45-million (U.S.) Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds were…
China bank calls documents "fake" after bond default on Alibaba-linked platform
BEIJING The fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds…
Man caught trying to loot bank with excavator in southern China
A young man has been arrested in southern China after he failed to rob a bank before dawn using his own excavator, mainland media reports. The man, surnamed Luo, drove the digger to a branch…
China banking sector's total assets up 16.3 pct y/y at end-Nov
BEIJING Dec 26 The value of total assets held by China’s banking sector rose 16.3 percent to 222.25 trillion yuan ($31.98 trillion) as of end-November, compared with the same period a year earlier, the China…
China Bank Says Bond Guarantee Forged as Market Mood Worsens
Yield premium for China company notes rises most since 2007 China Guangfa Bank Co. said Monday that documents and seals for a letter claiming to guarantee bond payments by the lender were forged, in the…
Bank Backed By China Construction Equipment Billionaire Opens Doors
Hunan Sanxiang Bank, backed by China construction equipment billionaire Liang Wengen, opened its doors today in Changsha. Liang’s main holding company Sany Group and a subsidiary of Shanghai-listed Sany Heavy Industry will own a combined…
China's Sany sets up commercial bank
CHANGSHA, Dec. 26 (Xinhua) — Sany Group, the parent company of heavy machinery manufacturer Sany Heavy Industry Co. Ltd, on Monday led a group of ten private companies in setting up a commercial bank. The…
China's outward investment tops $161 billion in 2016 – minister
BEIJING (Reuters) – China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (131.30 billion pounds) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao…
