China will extend its fight against money laundering and terrorist financing in non-financial sectors, the central bank has said. “Money laundering and terrorist financing activities are gradually spreading to some non-financial sectors,” the People’s Bank…
Tagged By financials
China Just Took a Surprise Measure to Free Up Billions for Fresh Loans
China’s central bank on Saturday cut the amount of cash some banks must hold against loans from next year as it tries to boost lending to small businesses and the agricultural sector. But the People’s…
How China Could Send Gold Prices Soaring Again (GLD)
From Mark O’Byrne: Jim Rickards is on record forecasting $10,000 gold. But is China about to provide the catalyst to send gold even higher? And by how much? Today, we fare forth in the spirit…
What You Must Know About Hutchison China MediTech Limited’s (AIM:HCM) Return on Equity
Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of HCM’s returns. Let me show you what I mean by this. View our latest analysis for…
China Tries to Steer Loans to Small Businesses
A little more than a week ago, Standard & Poor’s downgraded China’s sovereign debt rating and its ratings on many Chinese financial institutions, citing a steep expansion in credit. But more than half of that…
Why China diverts consumer loans to real estate
“People should be consuming out of their higher future income,” he said. “That’s what a financial system is supposed to do.” But in China, “it doesn’t look like that’s happening.” With few investment options –…
China gives banks room to increase lending
Beijing: China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller…
China’s central bank loosens small-business loans
BEIJING–China’s central bank announced it will free up funds for banks that boost lending to small businesses, in a targeted measure to balance support for the economy without aggravating already high corporate debt. In a…
China to back fight against terror financing, money laundering in non-financial sectors
After backing the BRICS declaration on terrorism naming Pakistan-based militant groups, China today said it will extend support to the fight against terrorist financing and money laundering in non-financial sectors. “Money laundering and terrorist ……
Tillerson calls for calming of situation on Korean Peninsula
BEIJING — U.S. Secretary of State Rex Tillerson called Saturday for a calming of the situation on the Korean Peninsula, but said it was incumbent on North Korea to halt its missile launches. Following meetings…
China’s Central Bank Unveils Targeted Lending Plan to Aid Growth
China’s central bank said it will reduce the amount of cash lenders must hold as reserves from next year, with the size of the cut linked to the flow of funding to parts of the…
China central bank says will maintain prudent, neutral monetary policy
BEIJING (Reuters) – China’s central bank on Saturday said it will maintain prudent and neutral monetary policy and use multiple monetary policy tools to keep liquidity basically stable. The People’s Bank of China will continue…
Tillerson on China visit focused on North Korea, trade
BEIJING — U.S. Secretary of State Rex Tillerson is in China for weekend discussions focused on trade and North Korea, along with preparations for an anticipated visit by President Donald Trump in November. Tillerson is…
