One key member of Donald Trump’s economic team is cruising toward confirmation, as Yahoo Finance predicted … heavily on promises to remake trade deals with countries such as China and Mexico, to make them more…
Tagged By financials
China central bank has not announced new MLF loans, as traders fret over cash squeeze
SHANGHAI China’s central bank has not announced any new issue of medium-term lending facility (MLF) loans as of 6 p.m. (1000 GMT) on Thursday, adding to worries about a fierce cash squeeze in its money…
Beijing to spend $2.7 billion on cleaning capital's air
BEIJING — Chinese state media say Beijing will spend $2.7 billion to fight air pollution in the capital this year. The official Xinhua News Agency said Thursday that part of the money will be used…
Hong Kong's former finance chief confirms run for top job
HONG KONG Hong Kong’s respected former financial secretary John Tsang on Thursday confirmed … The city’s next leader will be chosen by a 1,200-member election committee stacked with Beijing loyalists on March 26. The former…
Beijing intends to step up cooperation with Russia in the banking sector.
BEIJING (Sputnik) — China’s State Administration of Foreign Exchange (SAFE) will further develop and expand cooperation with Russia in the banking sector in 2017, a spokeswoman for the SAFE said Thursday. “The State Administration will…
China is preparing to retaliate against Donald Trump’s tough trade stance, warns American Chamber of Commerce
BEIJING — China is preparing to retaliate if U.S. President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group said Wednesday. Trump, who is due to be…
China Minsheng Banking : 2016 China Enterprise-issued USD Bonds to USD127bn
BEIJING, January 18, SinoCast — According to Dealogic’s statistics, in 2016, domestic enterprises issued 258 USD-denominated bonds, worth USD 127.14 billion, the second highest just following USD 14.06 billion in 2014 since 2007, growing 20%…
Innisfree collaborates with POSPi and Bank of China to launch mobile payment in China
AmorePacific-owned beauty brand, Innisfree, collaborates with mobile retail solutions company, POSPi, and Bank of China, to launch its mobile point of sale (POS) solution in Chinese branches. Mintel reports that in 2017, brands will be…
China's Central Bank Finds Bitcoin Exchanges Out of Step on Regulation
The business management division of the People’s Bank of China (PBOC) has reportedly released the results of a previously announced inspection of domestic bitcoin trading platforms. In reports today, the central bank is said to…
Banking sector can handle NPLs
The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said. “My confidence comes from the fact that the banking system has been making…
China Central Bank Injects A Record 1.035 Trillion In Bank Liquidity This Week
Heading into the Chinese Lunar New Year, local banks are suddenly starved for liquidity like never before. On Tuesday China’s benchmark money-market rate jumped the most in two years, with unprecedented cash injections by the…
China’s US Treasury debt holdings fall for 6th straight month
“Perhaps this does suggest that there is further pressure on the Chinese central bank to sell Treasuries to raise cash in order to meet those capital outflows,” he added. China’s yuan currency had weakened around…
Chinese-funded Silkroad Int'l Bank opens in Djibouti
Dawaleh said the opening of the bank was the latest example of China’s long-term support for infrastructure development in Djibouti. The Chinese government is developing the best relations with Djibouti based on the principles of…
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