Industrial and Commercial Bank of China (ICBC) on its website offers preferential exchange rates for dollar-to-yuan transactions. “We’re not seeing capital flight or lack of confidence in the local currency,” said Raymond Yeung, chief economist…
Tagged By financials
Public-private partnership financing yet to take off in China
JPMorgan said it prefers the approach taken by Postal Saving Bank of China. The lender increased its infrastructure exposure by purchasing the special bonds issued by policy banks and reduced direct exposure. That said PPP…
China Automatic Teller Machine (ATM) Industry Report, 2016-2020
Currently, major banks in China have begun to deploy this kind of equipment, with Bank of Communications, for example, having deployed 489 VTMs as of the end of June 2015. From the perspective of competitive…
Bank of China : Fonterra in pact for $200m multi currency facility with Bank of China
New Zealands Fonterra, a leading global diary supplier and Bank of China has entered into an agreement to form a NZ$300 million ($200 million) multi currency bank facility, according to the announcement by Fonterra. The…
Heralding social, financial change, China aims blow at iron rice bowl
PINGDINGSHAN, China (Reuters) – China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country’s “iron rice bowl”. But the order, part of a plan to reduce…
China, U.S. should avoid damaging trade war: Chinese vice finance minister
BEIJING China hopes there won’t be a trade war with the United States, but it will take “appropriate steps” to cope with that possibility, a Chinese vice finance minister said on Saturday. Zhu Guangyao, addressing…
China vows to fight US and EU over anti-dumping measures
CHINA has vowed to take action against the west over the scrapping of a huge promise it claims was made to it 15 years ago. Since 2001, the United States and the European Union have…
China to chart stable yuan course and stem financial risks in 2017 amid US Fed headwinds
The country’s leaders will aim to keep the yuan on an even keel and pay more attention to “financial risks” next year. The priorities were set at the annual Central Economic Work Conference, a series…
China box office falters ahead of key Hollywood talks
LOS ANGELES/SHANGHAI (Reuters) – China’s box office is set for its smallest growth in a decade in 2016 with viewers spending less as the economy slows, clouding the outlook at a time when Hollywood is…
China vows to contain asset bubbles, avert financial risk in 2017
BEIJING (Reuters) – China will stem the growth of asset bubbles in 2017 and place greater importance on the prevention of financial risk, while keeping the economy on a path of stable and healthy growth,…
China central bank presses banks to help with funds after interbank lending freezes: Caixin
SHANGHAI China’s central bank stepped in to urge major commercial banks to lend to non-bank financial institutions on Thursday afternoon after many suspended interbank operations amid tight liquidity conditions, Caixin reported on late on Thursday.…
Chinese leaders pledge stable currency, less financial risk
The Chinese leadership also pledged to make a priority of preventing financial risks. Rising debt has fueled concern about possible threats to China’s financial system in the event of defaults. Beijing’s reliance on credit to…
Shanghai stock exchange, china financial futures exchange and deutsche börse agree on joint venture gbp vs usd bloomberg
Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Deutsche Börse: Shanghai Stock Exchange, China ……
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